47,142 Shares in Entergy Corporation $ETR Bought by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC bought a new stake in Entergy Corporation (NYSE:ETR) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 47,142 shares of the utilities provider’s stock, valued at approximately $5,415,000.

Several other hedge funds and other institutional investors have also made changes to their positions in ETR. Greenland Capital Management LP purchased a new stake in shares of Entergy in the 2nd quarter worth about $12,881,000. Alta Advisers Ltd acquired a new position in Entergy during the second quarter worth about $222,000. Daiichi Life Insurance Co. Ltd. purchased a new stake in shares of Entergy in the second quarter valued at about $9,470,000. Commerce Bank acquired a new stake in shares of Entergy in the second quarter valued at approximately $4,562,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in shares of Entergy during the 2nd quarter worth approximately $3,392,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on ETR. Evercore reiterated an “outperform” rating and set a $128.00 target price on shares of Entergy in a report on Monday, August 17th. Scotiabank reiterated a “sector outperform” rating on shares of Entergy in a research report on Wednesday, June 10th. Weiss Ratings downgraded shares of Entergy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday. BMO Capital Markets raised their price target on shares of Entergy from $123.00 to $124.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. Finally, UBS Group reissued a “buy” rating and issued a $135.00 price objective (up from $131.00) on shares of Entergy in a research report on Thursday, April 30th. Seventeen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $120.84.

Entergy Stock Performance

NYSE ETR opened at $104.56 on Friday. The business’s 50-day moving average price is $111.55 and its 200 day moving average price is $109.57. The company has a current ratio of 0.91, a quick ratio of 0.70 and a debt-to-equity ratio of 1.73. Entergy Corporation has a twelve month low of $86.40 and a twelve month high of $118.44. The company has a market capitalization of $48.79 billion, a PE ratio of 26.81, a price-to-earnings-growth ratio of 1.79 and a beta of 0.50.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.03 EPS for the quarter, beating the consensus estimate of $1.01 by $0.02. The company had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.49 billion. Entergy had a return on equity of 10.53% and a net margin of 13.40%.During the same quarter in the previous year, the business earned $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, research analysts predict that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Thursday, August 13th will be issued a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Thursday, August 13th. Entergy’s payout ratio is presently 65.64%.

Insider Activity at Entergy

In other Entergy news, insider Haley Fisackerly sold 10,638 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total transaction of $1,170,180.00. Following the transaction, the insider owned 14,182 shares of the company’s stock, valued at $1,560,020. This trade represents a 42.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp purchased 1,000 shares of the firm’s stock in a transaction on Thursday, August 6th. The stock was bought at an average price of $106.08 per share, for a total transaction of $106,080.00. Following the acquisition, the director owned 3,423 shares in the company, valued at $363,111.84. The trade was a 41.27% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.21% of the company’s stock.

Entergy Company Profile

Entergy Corporation (NYSE:ETR) is an integrated energy company headquartered in New Orleans, Louisiana, that generates, transmits and distributes electricity. The company’s operations combine regulated utility services with competitive power production, supplying retail electricity to residential, commercial and industrial customers while also participating in wholesale energy markets. Entergy’s generation fleet includes nuclear, natural gas, hydropower and other resources, and it operates a network of transmission and distribution assets to deliver power to end users.

Entergy conducts its regulated utility business through state-based operating subsidiaries that serve customers across parts of Arkansas, Louisiana, Mississippi and southeast Texas.