Elevation Point Wealth Partners LLC Purchases 36,633 Shares of Entergy Corporation $ETR

Elevation Point Wealth Partners LLC grew its holdings in shares of Entergy Corporation (NYSE:ETR) by 515.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 43,744 shares of the utilities provider’s stock after acquiring an additional 36,633 shares during the period. Elevation Point Wealth Partners LLC’s holdings in Entergy were worth $4,915,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Fairway Wealth LLC bought a new stake in shares of Entergy during the 1st quarter valued at about $30,000. United Community Bank grew its stake in Entergy by 806.7% during the fourth quarter. United Community Bank now owns 272 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 242 shares during the period. Washington Trust Advisors Inc. increased 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 purchasing an additional 154 shares in the last quarter. Union Savings Bank bought a new stake in Entergy in the fourth quarter worth approximately $28,000. Finally, Valley National Advisers Inc. lifted its stake in Entergy by 306.0% in the fourth quarter. Valley National Advisers Inc. now owns 341 shares of the utilities provider’s stock valued at $31,000 after buying an additional 257 shares during the period. 88.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ETR shares. Wall Street Zen upgraded Entergy from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. BMO Capital Markets set a $123.00 price objective on shares of Entergy in a research note on Wednesday, June 10th. Argus boosted their target price on shares of Entergy from $100.00 to $118.00 and gave the company a “buy” rating in a research report on Monday, April 6th. BTIG Research reissued a “buy” rating and set a $126.00 target price on shares of Entergy in a research note on Wednesday, June 10th. Finally, Barclays reduced their price target 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. Seventeen analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $119.68.

Insider Transactions at Entergy

In other news, insider Haley Fisackerly sold 10,638 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $110.00, for a total transaction of $1,170,180.00. Following the transaction, the insider owned 14,182 shares of the company’s stock, valued at $1,560,020. This represents a 42.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by corporate insiders.

Entergy Price Performance

ETR opened at $115.00 on Friday. The firm has a market cap of $52.66 billion, a P/E ratio of 29.34, a PEG ratio of 1.96 and a beta of 0.50. The firm has a 50-day moving average of $112.12 and a 200 day moving average of $105.41. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.73 and a current ratio of 0.96. Entergy Corporation has a fifty-two week low of $80.11 and a fifty-two week high of $118.44.

Entergy (NYSE:ETR) last released its earnings results on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $2.89 billion. During the same period in the prior year, the firm earned $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, research analysts expect that Entergy Corporation will post 4.4 EPS for the current year.

Entergy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 1st were issued a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Friday, May 1st. Entergy’s dividend payout ratio is 65.31%.

About Entergy

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.