Csenge Advisory Group Makes New $1.04 Million Investment in Entergy Corporation $ETR

Csenge Advisory Group purchased a new stake in Entergy Corporation (NYSE:ETR) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 9,079 shares of the utilities provider’s stock, valued at approximately $1,043,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Shepherd Financial Partners LLC acquired a new stake in Entergy during the 2nd quarter worth approximately $1,780,000. Johnson Financial Group Inc. purchased a new position in shares of Entergy in the 2nd quarter valued at approximately $843,000. NewEdge Wealth LLC acquired a new position in shares of Entergy in the second quarter valued at approximately $1,110,000. Empirical Asset Management LLC acquired a new position in shares of Entergy in the second quarter valued at approximately $592,000. Finally, Fig Financial Advisory Services Inc. ADV raised its stake in shares of Entergy by 63.3% during the second quarter. Fig Financial Advisory Services Inc. ADV now owns 19,341 shares of the utilities provider’s stock worth $2,222,000 after purchasing an additional 7,497 shares during the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on ETR. Morgan Stanley set a $109.00 price objective on shares of Entergy in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. lifted their target price on shares of Entergy from $129.00 to $139.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Weiss Ratings upgraded shares of Entergy from a “buy (b)” rating to a “buy (b+)” rating in a research note on Wednesday, August 5th. Truist Financial set a $122.00 price target on shares of Entergy and gave the stock a “buy” rating in a report on Thursday, August 13th. Finally, Wells Fargo & Company raised their price objective on shares of Entergy from $123.00 to $128.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Seventeen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $121.05.

Entergy Trading Down 0.1%

Shares of ETR stock opened at $108.01 on Thursday. The business’s fifty day moving average price is $111.73 and its 200 day moving average price is $109.52. The firm has a market capitalization of $50.40 billion, a PE ratio of 27.69, a P/E/G ratio of 1.85 and a beta of 0.50. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.91 and a quick ratio of 0.70. Entergy Corporation has a 1-year low of $86.40 and a 1-year high of $118.44.

Entergy (NYSE:ETR) last released its earnings results 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 last year, the company earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, sell-side analysts forecast that Entergy Corporation will post 4.4 EPS for the current fiscal year.

Entergy Announces Dividend

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

Insider Activity

In related news, Director Ralph Lewis Ropp bought 1,000 shares of the company’s stock in a transaction on Thursday, August 6th. The stock was bought at an average cost of $106.08 per share, with a total value of $106,080.00. Following the completion of the acquisition, the director owned 3,423 shares in the company, valued at approximately $363,111.84. This represents a 41.27% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Haley Fisackerly sold 10,638 shares of the stock in a transaction dated 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 completion of the transaction, the insider directly owned 14,182 shares of the company’s stock, valued at approximately $1,560,020. This trade represents a 42.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by company insiders.

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.