Northwestern Mutual Wealth Management Co. Purchases Shares of 29,535 Entergy Corporation $ETR

Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Entergy Corporation (NYSE:ETR) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 29,535 shares of the utilities provider’s stock, valued at approximately $3,392,000.

Several other hedge funds also recently made changes to their positions in ETR. Bell Investment Advisors Inc acquired a new stake in Entergy during the second quarter valued at approximately $28,000. Dynamic Wealth Strategies LLC acquired a new position in Entergy in the first quarter worth approximately $30,000. Fairway Wealth LLC acquired a new position in Entergy in the first quarter worth approximately $30,000. United Community Bank increased its holdings in shares of Entergy by 806.7% in the fourth quarter. United Community Bank now owns 272 shares of the utilities provider’s stock valued at $25,000 after buying an additional 242 shares in the last quarter. Finally, Washington Trust Advisors Inc. increased 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 buying an additional 154 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insider Activity

In other Entergy news, Director Ralph Lewis Ropp bought 1,000 shares of the company’s stock in a transaction dated Thursday, August 6th. The shares were bought at an average price of $106.08 per share, for a total transaction of $106,080.00. Following the acquisition, the director directly owned 3,423 shares of the company’s stock, valued at approximately $363,111.84. This trade represents a 41.27% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Haley Fisackerly sold 10,638 shares of the stock in a transaction that occurred 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 completion of the sale, the insider directly 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by corporate insiders.

Entergy Trading Up 1.1%

NYSE ETR opened at $105.81 on Tuesday. Entergy Corporation has a twelve month low of $86.40 and a twelve month high of $118.44. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.70 and a current ratio of 0.91. The stock has a market cap of $49.37 billion, a price-to-earnings ratio of 27.13, a PEG ratio of 1.79 and a beta of 0.50. The firm’s 50 day moving average price is $111.44 and its two-hundred day moving average price is $109.72.

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, beating analysts’ consensus estimates of $1.01 by $0.02. The company had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.49 billion. Entergy had a return on equity of 10.53% and a net margin of 13.40%.During the same quarter in the prior year, the company earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities analysts anticipate that Entergy Corporation will post 4.4 EPS for the current year.

Entergy Dividend Announcement

The firm 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. 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 is currently 65.64%.

Wall Street Analysts Forecast Growth

ETR has been the subject of several research reports. JPMorgan Chase & Co. raised their price objective on Entergy from $129.00 to $139.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Scotiabank reaffirmed a “sector outperform” rating on shares of Entergy in a research report on Wednesday, June 10th. Wall Street Zen downgraded Entergy from a “hold” rating to a “sell” rating in a report on Sunday, August 9th. Mizuho set a $122.00 price target on Entergy and gave the company an “outperform” rating in a research report on Wednesday, June 10th. Finally, BMO Capital Markets lifted their price target on Entergy from $123.00 to $124.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. Seventeen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $120.84.

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.