Entergy Corporation $ETR Shares Bought by Benjamin Edwards Inc.

Benjamin Edwards Inc. grew its position in Entergy Corporation (NYSE:ETR) by 13.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 75,564 shares of the utilities provider’s stock after acquiring an additional 8,692 shares during the quarter. Benjamin Edwards Inc.’s holdings in Entergy were worth $8,679,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Washington Trust Advisors Inc. grew its holdings in shares of Entergy by 119.4% in the fourth quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 154 shares during the period. Union Savings Bank purchased a new stake in Entergy in the fourth quarter valued at $28,000. Bell Investment Advisors Inc acquired a new position in shares of Entergy in the 2nd quarter valued at $28,000. Fairway Wealth LLC purchased a new position in shares of Entergy during the 1st quarter worth $30,000. Finally, Dynamic Wealth Strategies LLC acquired a new stake in shares of Entergy during the 1st quarter worth about $30,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Scotiabank reaffirmed a “sector outperform” rating on shares of Entergy in a research report on Wednesday, June 10th. Mizuho set a $122.00 price objective on shares of Entergy and gave the stock an “outperform” rating in a report on Wednesday, June 10th. BMO Capital Markets lifted their target price on shares of Entergy from $123.00 to $124.00 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. Jefferies Financial Group restated a “buy” rating on shares of Entergy in a research note on Wednesday, June 10th. Finally, Wall Street Zen cut Entergy from a “hold” rating to a “sell” rating in a research note on Sunday, August 9th. Seventeen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Entergy currently has an average rating of “Moderate Buy” and a consensus price target of $120.84.

Insiders Place Their Bets

In related news, insider Haley Fisackerly sold 10,638 shares of Entergy stock in a transaction 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 directly owned 14,182 shares in the company, valued at approximately $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 bought 1,000 shares of the stock in a transaction that occurred on Thursday, August 6th. The shares were bought at an average cost of $106.08 per share, with a total value of $106,080.00. Following the completion of the purchase, the director directly owned 3,423 shares in the company, valued at $363,111.84. This represents a 41.27% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.21% of the company’s stock.

Entergy Trading Up 0.0%

Shares of ETR stock opened at $105.77 on Monday. Entergy Corporation has a fifty-two week low of $86.40 and a fifty-two week high of $118.44. The company has a 50 day moving average price of $111.05 and a 200 day moving average price of $109.98. The stock has a market capitalization of $49.36 billion, a P/E ratio of 27.12, a price-to-earnings-growth 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 (NYSE:ETR) last released its earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.02. Entergy had a net margin of 13.40% and a return on equity of 10.53%. The company had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.49 billion. During the same period in the prior year, the business earned $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities research analysts predict that Entergy Corporation will post 4.4 EPS for the current fiscal year.

Entergy Dividend Announcement

The business also recently disclosed 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. This represents a $2.56 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Thursday, August 13th. Entergy’s dividend payout ratio (DPR) is presently 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.