Harrell Investment Partners LLC Purchases Shares of 27,931 Entergy Corporation $ETR

Harrell Investment Partners LLC purchased a new stake in shares of Entergy Corporation (NYSE:ETRFree Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 27,931 shares of the utilities provider’s stock, valued at approximately $2,582,000.

Several other institutional investors have also modified their holdings of ETR. Capital A Wealth Management LLC grew its holdings in Entergy by 5,466.7% during the second quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 328 shares during the period. Physician Wealth Advisors Inc. lifted its holdings in Entergy by 56.9% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 115 shares during the last quarter. Hantz Financial Services Inc. boosted its position in shares of Entergy by 150.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 323 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 194 shares in the last quarter. JFS Wealth Advisors LLC boosted its position in shares of Entergy by 46.1% during the 3rd quarter. JFS Wealth Advisors LLC now owns 412 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 130 shares in the last quarter. Finally, Ameritas Advisory Services LLC grew its stake in shares of Entergy by 44.4% in the 3rd quarter. Ameritas Advisory Services LLC now owns 416 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 128 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ETR shares. Weiss Ratings reissued a “buy (b)” rating on shares of Entergy in a research note on Thursday, January 22nd. Siebert Williams Shank began coverage on Entergy in a report on Tuesday, January 20th. They issued a “buy” rating and a $109.00 price target on the stock. UBS Group reiterated a “buy” rating and set a $105.00 price objective (up from $96.00) on shares of Entergy in a research report on Wednesday, December 17th. JPMorgan Chase & Co. reduced their price objective on Entergy from $113.00 to $108.00 and set an “overweight” rating for the company in a research note on Thursday, December 11th. Finally, KeyCorp lifted their target price on Entergy from $102.00 to $111.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $109.17.

View Our Latest Analysis on ETR

Insider Buying and Selling at Entergy

In related news, EVP John C. Dinelli sold 5,372 shares of the company’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $103.95, for a total transaction of $558,419.40. Following the transaction, the executive vice president directly owned 23,609 shares of the company’s stock, valued at approximately $2,454,155.55. The trade was a 18.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.47% of the company’s stock.

Entergy Stock Up 1.1%

ETR stock opened at $111.06 on Tuesday. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.74 and a quick ratio of 0.51. The firm has a market capitalization of $50.31 billion, a P/E ratio of 28.40, a P/E/G ratio of 2.17 and a beta of 0.64. Entergy Corporation has a 52-week low of $75.57 and a 52-week high of $111.99. The company’s 50 day simple moving average is $101.97 and its 200-day simple moving average is $96.85.

Entergy (NYSE:ETRGet Free Report) last posted its quarterly earnings data on Thursday, February 12th. The utilities provider reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). Entergy had a return on equity of 10.89% and a net margin of 13.66%.The firm had revenue of $2.96 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same period in the prior year, the business posted $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, equities research analysts anticipate that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Monday, February 9th were issued a dividend of $0.64 per share. The ex-dividend date was Monday, February 9th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.3%. Entergy’s payout ratio is currently 65.47%.

Key Headlines Impacting Entergy

Here are the key news stories impacting Entergy this week:

About Entergy

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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