Kingsview Wealth Management LLC Makes New $739,000 Investment in Entergy Corporation $ETR

Kingsview Wealth Management LLC acquired a new stake in shares of Entergy Corporation (NYSE:ETR) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,431 shares of the utilities provider’s stock, valued at approximately $739,000.

Other institutional investors have also modified their holdings of the company. Beacon Pointe Advisors LLC purchased a new stake in shares of Entergy during the second quarter worth about $2,209,000. Pin Oak Investment Advisors Inc. acquired a new stake in Entergy in the 2nd quarter worth about $77,000. Rakuten Investment Management Inc. acquired a new stake in Entergy in the 2nd quarter worth about $8,712,000. Empowered Funds LLC purchased a new stake in Entergy during the 2nd quarter worth approximately $4,590,000. Finally, United Capital Financial Advisors LLC purchased a new stake in Entergy during the 2nd quarter worth approximately $2,798,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ETR. Truist Financial set a $122.00 target price on Entergy and gave the company a “buy” rating in a research report on Thursday, August 13th. JPMorgan Chase & Co. increased their price objective on Entergy from $129.00 to $139.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Wall Street Zen lowered Entergy from a “hold” rating to a “sell” rating in a report on Sunday, August 9th. Weiss Ratings cut shares of Entergy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, August 20th. Finally, Morgan Stanley set a $105.00 target price on shares of Entergy and gave the stock an “equal weight” rating in a report on Friday, August 21st. 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, the company has an average rating of “Moderate Buy” and an average price target of $120.84.

Entergy Stock Performance

Shares of Entergy stock opened at $105.77 on Monday. The business’s 50 day moving average price is $111.05 and its 200 day moving average price is $109.98. The company has a market cap of $49.36 billion, a price-to-earnings ratio of 27.12, a PEG ratio of 1.81 and a beta of 0.50. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.70 and a current ratio of 0.91. Entergy Corporation has a one year low of $86.40 and a one year high of $118.44.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.02. The firm had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.49 billion. Entergy had a net margin of 13.40% and a return on equity of 10.53%. During the same quarter in the previous year, the company posted $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 EPS for the current year.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th will be paid a $0.64 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $2.56 annualized dividend and a dividend yield of 2.4%. Entergy’s dividend payout ratio is 65.64%.

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.