Wealthfront Advisers LLC Makes New Investment in Entergy Corporation $ETR

Wealthfront Advisers LLC bought a new stake in Entergy Corporation (NYSE:ETR) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 150,534 shares of the utilities provider’s stock, valued at approximately $17,290,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pinnacle Wealth Management Advisory Group LLC increased its stake in Entergy by 3.6% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,623 shares of the utilities provider’s stock valued at $295,000 after acquiring an additional 90 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in Entergy by 9.2% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,096 shares of the utilities provider’s stock worth $126,000 after purchasing an additional 92 shares during the last quarter. Aristotle Capital Management LLC boosted its holdings in shares of Entergy by 4.4% in the 4th quarter. Aristotle Capital Management LLC now owns 2,280 shares of the utilities provider’s stock valued at $211,000 after purchasing an additional 96 shares in the last quarter. Founders Financial Securities LLC boosted its holdings in shares of Entergy by 2.5% in the 1st quarter. Founders Financial Securities LLC now owns 4,094 shares of the utilities provider’s stock valued at $481,000 after purchasing an additional 101 shares in the last quarter. Finally, Rehmann Capital Advisory Group increased its stake in shares of Entergy by 2.8% in the 4th quarter. Rehmann Capital Advisory Group now owns 3,807 shares of the utilities provider’s stock valued at $352,000 after purchasing an additional 102 shares during the last quarter. Institutional investors own 88.07% of the company’s stock.

Entergy Stock Performance

Entergy stock opened at $108.28 on Wednesday. The business has a 50 day moving average of $111.78 and a 200-day moving average of $109.43. Entergy Corporation has a 1 year low of $86.40 and a 1 year high of $118.44. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.91 and a quick ratio of 0.70. The company has a market capitalization of $50.53 billion, a P/E ratio of 27.76, a P/E/G ratio of 1.84 and a beta of 0.50.

Entergy (NYSE:ETR) last posted its earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share 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 firm had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.49 billion. During the same period in the previous year, the firm posted $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities research analysts predict that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Dividend Announcement

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

Insider Transactions at Entergy

In related news, Director Ralph Lewis Ropp purchased 1,000 shares of the firm’s stock in a transaction dated Thursday, August 6th. The stock was bought at an average price of $106.08 per share, with a total value of $106,080.00. Following the completion of the purchase, 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 acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Haley Fisackerly sold 10,638 shares of the firm’s 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 $1,560,020. This trade represents a 42.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on ETR shares. JPMorgan Chase & Co. upped their price objective on Entergy from $129.00 to $139.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Evercore reiterated an “outperform” rating and issued a $128.00 target price on shares of Entergy in a research report on Monday. Truist Financial set a $122.00 target price on shares of Entergy and gave the stock a “buy” rating in a report on Thursday, August 13th. Barclays decreased their price target on shares of Entergy from $124.00 to $119.00 and set an “overweight” rating on the stock in a report on Wednesday, June 3rd. Finally, KeyCorp reissued an “overweight” rating and issued a $123.00 price objective (up from $118.00) on shares of Entergy in a research note on Tuesday, April 21st. Seventeen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $121.05.

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.