Foster & Motley Inc. Takes Position in Entergy Corporation $ETR

Foster & Motley Inc. acquired a new position in shares of Entergy Corporation (NYSE:ETR) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 11,497 shares of the utilities provider’s stock, valued at approximately $1,321,000.

Several other institutional investors have also made changes to their positions in ETR. United Community Bank raised its holdings in Entergy by 806.7% in the 4th quarter. United Community Bank now owns 272 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 242 shares in the last quarter. Washington Trust Advisors Inc. grew its holdings in shares of Entergy by 119.4% during the 4th 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 position in shares of Entergy in the fourth quarter worth $28,000. Bell Investment Advisors Inc bought a new position in shares of Entergy in the second quarter worth $28,000. Finally, Fairway Wealth LLC acquired a new position in Entergy in the first quarter valued at about $30,000. 88.07% of the stock is currently owned by institutional investors.

Entergy Trading Down 0.1%

ETR opened at $108.01 on Thursday. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.91 and a quick ratio of 0.70. Entergy Corporation has a fifty-two week low of $86.40 and a fifty-two week high of $118.44. The company’s 50 day moving average price is $111.73 and its two-hundred day moving average price is $109.52. The firm has a market capitalization of $50.40 billion, a price-to-earnings ratio of 27.69, a PEG ratio of 1.85 and a beta of 0.50.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.02. The company had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.49 billion. Entergy had a net margin of 13.40% and a return on equity of 10.53%. During the same quarter in the previous year, the firm posted $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, research analysts predict that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, August 13th. Entergy’s payout ratio is currently 65.64%.

Analyst Ratings Changes

A number of brokerages have issued reports on ETR. BMO Capital Markets increased their price objective on shares of Entergy from $123.00 to $124.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. Evercore restated an “outperform” rating and issued a $128.00 target price on shares of Entergy in a research report on Monday. Jefferies Financial Group reiterated a “buy” rating on shares of Entergy in a research report on Wednesday, June 10th. Weiss Ratings raised shares of Entergy from a “buy (b)” rating to a “buy (b+)” rating in a research note on Wednesday, August 5th. Finally, Citigroup restated a “neutral” rating and set a $121.00 price objective (up from $116.00) on shares of Entergy in a research report on Tuesday, May 5th. Seventeen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Entergy presently has an average rating of “Moderate Buy” and a consensus price target of $121.05.

Insider Buying and Selling

In related news, Director Ralph Lewis Ropp bought 1,000 shares of Entergy stock in a transaction that occurred on Thursday, August 6th. The shares were acquired at an average cost of $106.08 per share, for a total transaction of $106,080.00. Following the completion of the acquisition, the director directly owned 3,423 shares of the company’s stock, valued at approximately $363,111.84. The trade was a 41.27% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Haley Fisackerly sold 10,638 shares of the 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 sale, the insider directly owned 14,182 shares of the company’s stock, valued at $1,560,020. This represents a 42.86% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by 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.