Entergy Corporation $ETR Shares Bought by Fig Financial Advisory Services Inc. ADV

Fig Financial Advisory Services Inc. ADV lifted its holdings in Entergy Corporation (NYSE:ETR) by 63.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,341 shares of the utilities provider’s stock after purchasing an additional 7,497 shares during the quarter. Entergy accounts for approximately 1.3% of Fig Financial Advisory Services Inc. ADV’s holdings, making the stock its 18th largest position. Fig Financial Advisory Services Inc. ADV’s holdings in Entergy were worth $2,222,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Entergy by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 58,537,223 shares of the utilities provider’s stock worth $5,410,596,000 after purchasing an additional 589,317 shares during the period. BlackRock Inc. bought a new position in Entergy in the 2nd quarter valued at about $4,861,376,000. State Street Corp increased its stake in Entergy by 4.4% during the 4th quarter. State Street Corp now owns 24,356,461 shares of the utilities provider’s stock valued at $2,251,268,000 after buying an additional 1,018,503 shares during the period. JPMorgan Chase & Co. increased its stake in Entergy by 54.9% during the 4th quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider’s stock valued at $2,097,699,000 after buying an additional 8,046,287 shares during the period. Finally, Bank of America Corp DE raised its position in shares of Entergy by 5.3% during the 1st quarter. Bank of America Corp DE now owns 17,369,775 shares of the utilities provider’s stock worth $1,951,668,000 after buying an additional 870,847 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ETR. Citigroup reaffirmed a “neutral” rating and issued a $121.00 price target (up from $116.00) on shares of Entergy in a research note on Tuesday, May 5th. Weiss Ratings upgraded shares of Entergy from a “buy (b)” rating to a “buy (b+)” rating in a research note on Wednesday, August 5th. Scotiabank reissued a “sector outperform” rating on shares of Entergy in a report on Wednesday, June 10th. Truist Financial set a $122.00 target price on Entergy and gave the stock a “buy” rating in a research report on Thursday, August 13th. Finally, JPMorgan Chase & Co. increased their price target on Entergy from $129.00 to $139.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Seventeen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $121.05.

Entergy Trading Down 0.2%

Entergy stock opened at $108.28 on Wednesday. The firm has a market cap of $50.53 billion, a price-to-earnings ratio of 27.76, a price-to-earnings-growth ratio of 1.84 and a beta of 0.50. Entergy Corporation has a 1 year low of $86.40 and a 1 year high of $118.44. The firm’s 50 day moving average price is $111.78 and its two-hundred day moving average price is $109.43. 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 (NYSE:ETR) last announced its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.02. The company had revenue of $3.52 billion during the quarter, compared to the consensus estimate 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 prior year, the firm 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 EPS for the current fiscal year.

Entergy Dividend Announcement

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

Insider Buying and Selling at Entergy

In related news, insider Haley Fisackerly sold 10,638 shares of Entergy stock in a transaction dated 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 transaction, the insider owned 14,182 shares of the company’s stock, valued at approximately $1,560,020. This trade represents a 42.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp acquired 1,000 shares of the business’s stock in a transaction on Thursday, August 6th. The shares were 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 approximately $363,111.84. This trade represents a 41.27% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.21% of the company’s stock.

Entergy 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.