Private Wealth Partners LLC Purchases Shares of 9,450 Entergy Corporation $ETR

Private Wealth Partners LLC purchased a new position in shares of Entergy Corporation (NYSE:ETRFree Report) during the first quarter, Holdings Channel.com reports. The firm purchased 9,450 shares of the utilities provider’s stock, valued at approximately $1,062,000.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Entergy by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 58,537,223 shares of the utilities provider’s stock valued at $5,410,596,000 after acquiring an additional 589,317 shares in the last quarter. State Street Corp lifted its position in shares of Entergy by 4.4% during the 4th quarter. State Street Corp now owns 24,356,461 shares of the utilities provider’s stock valued at $2,251,268,000 after acquiring an additional 1,018,503 shares during the period. JPMorgan Chase & Co. boosted its stake in Entergy by 54.9% during the fourth quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider’s stock worth $2,097,699,000 after acquiring an additional 8,046,287 shares in the last quarter. Bank of America Corp DE boosted its stake in Entergy by 2.9% during the third quarter. Bank of America Corp DE now owns 16,034,738 shares of the utilities provider’s stock worth $1,494,277,000 after acquiring an additional 452,562 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Entergy by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 11,607,806 shares of the utilities provider’s stock worth $1,068,725,000 after purchasing an additional 126,625 shares during the period. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insider Buying and Selling at Entergy

In related news, insider Haley Fisackerly sold 10,638 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The shares were 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 approximately $1,560,020. This trade represents a 42.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 owned by corporate insiders.

Entergy Stock Performance

NYSE ETR opened at $115.00 on Friday. The company 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 company has a fifty day simple moving average of $112.12 and a 200 day simple moving average of $105.41. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 1.80. Entergy Corporation has a 12-month low of $80.11 and a 12-month high of $118.44.

Entergy (NYSE:ETRGet Free Report) last released its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter in the prior year, the company posted $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Sell-side analysts predict that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 1st were issued a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Friday, May 1st. Entergy’s dividend payout ratio is currently 65.31%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. BTIG Research reaffirmed a “buy” rating and issued a $126.00 price target on shares of Entergy in a research note on Wednesday, June 10th. Evercore set a $123.00 price objective on shares of Entergy in a research report on Wednesday, June 10th. JPMorgan Chase & Co. raised their target price on Entergy from $126.00 to $129.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Mizuho set a $122.00 target price on Entergy and gave the company an “outperform” rating in a research report on Wednesday, June 10th. Finally, Wall Street Zen raised Entergy from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 2nd. Seventeen equities research 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.com, Entergy has a consensus rating of “Moderate Buy” and a consensus target price of $119.68.

Read Our Latest Stock Analysis on Entergy

Entergy Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding ETR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Entergy Corporation (NYSE:ETRFree Report).

Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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