Peregrine Asset Advisers Inc. Buys New Position in Entergy Corporation $ETR

Peregrine Asset Advisers Inc. bought a new position in shares of Entergy Corporation (NYSE:ETR) during the first quarter, HoldingsChannel reports. The institutional investor bought 42,667 shares of the utilities provider’s stock, valued at approximately $4,794,000. Entergy comprises 1.3% of Peregrine Asset Advisers Inc.’s portfolio, making the stock its 24th biggest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Strs Ohio boosted its position in shares of Entergy by 2.3% during the 1st quarter. Strs Ohio now owns 348,080 shares of the utilities provider’s stock valued at $39,110,000 after purchasing an additional 7,984 shares in the last quarter. Harrison Street Private Wealth LLC bought a new stake in shares of Entergy in the 1st quarter worth approximately $4,030,000. Keybank National Association OH raised its holdings in shares of Entergy by 51.2% in the 1st quarter. Keybank National Association OH now owns 11,198 shares of the utilities provider’s stock worth $1,258,000 after purchasing an additional 3,792 shares in the last quarter. Physician Wealth Advisors Inc. lifted its stake in Entergy by 55.8% during the first quarter. Physician Wealth Advisors Inc. now owns 377 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 135 shares during the last quarter. Finally, Stock Yards Bank & Trust Co. lifted its stake in Entergy by 1.5% during the first quarter. Stock Yards Bank & Trust Co. now owns 7,087 shares of the utilities provider’s stock valued at $796,000 after purchasing an additional 105 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ETR shares. Wells Fargo & Company raised their target price on shares of Entergy from $123.00 to $128.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Truist Financial set a $127.00 price objective on Entergy and gave the company a “buy” rating in a research report on Friday, May 29th. Evercore set a $123.00 price objective on Entergy in a research note on Wednesday, June 10th. JPMorgan Chase & Co. lifted their target price on Entergy from $126.00 to $129.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $123.00 target price (up from $118.00) on shares of Entergy in a research report on Tuesday, April 21st. Seventeen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $119.68.

Entergy Stock Up 1.9%

ETR stock opened at $115.00 on Friday. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.96 and a quick ratio of 0.73. The firm has a market capitalization of $52.66 billion, a P/E ratio of 29.34, a P/E/G ratio of 1.93 and a beta of 0.50. Entergy Corporation has a 52-week low of $80.11 and a 52-week high of $118.44. The company’s 50 day simple moving average is $112.03 and its 200-day simple moving average is $105.34.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $0.86 EPS for the quarter, topping 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 analyst estimates of $2.89 billion. During the same quarter last year, the business posted $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, equities research analysts anticipate that Entergy Corporation will post 4.4 EPS for the current year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 1st were given a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, May 1st. Entergy’s dividend payout ratio (DPR) is 65.31%.

Insider Activity at Entergy

In other 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 transaction of $1,170,180.00. Following the transaction, the insider 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. 0.21% of the stock is currently owned by company insiders.

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.