Empirical Asset Management LLC Invests $592,000 in Entergy Corporation $ETR

Empirical Asset Management LLC bought a new stake in shares of Entergy Corporation (NYSE:ETRFree Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,154 shares of the utilities provider’s stock, valued at approximately $592,000.

A number of other large investors also recently bought and sold shares of ETR. Fig Financial Advisory Services Inc. ADV grew its holdings in Entergy by 63.3% in the second quarter. Fig Financial Advisory Services Inc. ADV now owns 19,341 shares of the utilities provider’s stock valued at $2,222,000 after purchasing an additional 7,497 shares during the period. Danske Bank A S acquired a new position in shares of Entergy during the 2nd quarter worth approximately $82,000. Wealthfront Advisers LLC purchased a new position in shares of Entergy during the 2nd quarter valued at approximately $17,290,000. Foster & Motley Inc. acquired a new stake in Entergy in the 2nd quarter valued at $1,321,000. Finally, Energy Income Partners LLC acquired a new stake in Entergy in the 2nd quarter valued at $148,375,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Price Performance

Shares of NYSE ETR opened at $108.28 on Wednesday. The firm has a 50-day simple moving average of $111.78 and a 200-day simple moving average of $109.43. The company has a quick ratio of 0.70, a current ratio of 0.91 and a debt-to-equity ratio of 1.73. The stock has a market capitalization of $50.53 billion, a price-to-earnings ratio of 27.76, a price-to-earnings-growth ratio of 1.84 and a beta of 0.50. Entergy Corporation has a 52 week low of $86.40 and a 52 week high of $118.44.

Entergy (NYSE:ETRGet Free Report) last posted its quarterly 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 business posted $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities analysts predict that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Announces Dividend

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 given a dividend of $0.64 per share. The ex-dividend date is Thursday, August 13th. This represents a $2.56 dividend on an annualized basis and a yield of 2.4%. Entergy’s dividend payout ratio (DPR) is presently 65.64%.

Analyst Ratings Changes

A number of equities analysts have weighed in on ETR shares. Morgan Stanley set a $109.00 price objective on shares of Entergy in a research report on Wednesday, July 22nd. Weiss Ratings upgraded shares of Entergy from a “buy (b)” rating to a “buy (b+)” rating in a research report on Wednesday, August 5th. Barclays reduced their price target on shares of Entergy from $124.00 to $119.00 and set an “overweight” rating for the company in a research report on Wednesday, June 3rd. Wall Street Zen lowered shares of Entergy from a “hold” rating to a “sell” rating in a research note on Sunday, August 9th. Finally, BTIG Research reiterated a “buy” rating and issued a $126.00 price objective on shares of Entergy in a report on Wednesday, June 10th. Seventeen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.05.

View Our Latest Stock Analysis on ETR

Insiders Place Their Bets

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 $1,560,020. The trade was a 42.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp acquired 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The stock was purchased at an average cost of $106.08 per share, with a total value of $106,080.00. Following the acquisition, the director directly owned 3,423 shares of the company’s stock, valued at $363,111.84. This trade represents a 41.27% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 0.21% of the company’s stock.

Entergy 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.

Further Reading

Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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