Inspire Investing LLC Raises Position in Entergy Corporation $ETR

Inspire Investing LLC grew its position in Entergy Corporation (NYSE:ETR) by 11.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 46,459 shares of the utilities provider’s stock after buying an additional 4,599 shares during the period. Inspire Investing LLC’s holdings in Entergy were worth $4,294,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. United Community Bank raised its holdings in Entergy by 806.7% in the fourth quarter. United Community Bank now owns 272 shares of the utilities provider’s stock worth $25,000 after buying an additional 242 shares during the last quarter. Washington Trust Advisors Inc. raised its holdings in Entergy by 119.4% in the fourth quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock worth $26,000 after buying an additional 154 shares during the last quarter. Valley National Advisers Inc. raised its holdings in Entergy by 306.0% in the fourth quarter. Valley National Advisers Inc. now owns 341 shares of the utilities provider’s stock worth $31,000 after buying an additional 257 shares during the last quarter. Sarver Vrooman Wealth Advisors purchased a new position in Entergy in the fourth quarter worth about $37,000. Finally, JFS Wealth Advisors LLC raised its holdings in Entergy by 46.1% in the third quarter. JFS Wealth Advisors LLC now owns 412 shares of the utilities provider’s stock worth $38,000 after buying an additional 130 shares during the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Entergy Stock Down 1.4%

ETR opened at $110.81 on Thursday. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 1.80. The firm has a 50 day moving average price of $112.26 and a 200-day moving average price of $103.79. Entergy Corporation has a twelve month low of $80.11 and a twelve month high of $118.44. The stock has a market capitalization of $50.74 billion, a price-to-earnings ratio of 28.27, a PEG ratio of 1.92 and a beta of 0.50.

Entergy (NYSE:ETR) last released its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.02. Entergy had a net margin of 13.48% and a return on equity of 10.75%. The firm had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $2.89 billion. During the same period in the previous year, the company earned $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities research analysts forecast that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 1st were given a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 2.3%. The ex-dividend date was Friday, May 1st. Entergy’s payout ratio is 65.31%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ETR. UBS Group reaffirmed a “buy” rating and issued a $135.00 target price (up from $131.00) on shares of Entergy in a report on Thursday, April 30th. BTIG Research reaffirmed a “buy” rating and issued a $126.00 target price on shares of Entergy in a report on Wednesday, June 10th. Barclays decreased their price objective on shares of Entergy from $124.00 to $119.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. KeyCorp reissued an “overweight” rating and set a $123.00 price objective (up from $118.00) on shares of Entergy in a report on Tuesday, April 21st. Finally, Evercore set a $123.00 price objective on shares of Entergy in a report on Wednesday, June 10th. Seventeen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $119.68.

Insider Transactions at Entergy

In related news, insider Haley Fisackerly sold 10,638 shares of the business’s stock in a transaction that occurred on 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 sale, the insider directly owned 14,182 shares in the company, valued at approximately $1,560,020. The trade was a 42.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company 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.