Entergy Corporation $ETR Shares Bought by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC grew its stake in shares of Entergy Corporation (NYSE:ETR) by 7.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,635 shares of the utilities provider’s stock after buying an additional 1,000 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Entergy were worth $1,133,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Entergy by 5.2% during the 1st quarter. Vanguard Group Inc. now owns 54,828,994 shares of the utilities provider’s stock valued at $4,687,331,000 after buying an additional 2,695,348 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Entergy by 2.2% during the 1st quarter. Ameriprise Financial Inc. now owns 13,173,889 shares of the utilities provider’s stock valued at $1,126,244,000 after buying an additional 289,468 shares during the period. Northern Trust Corp grew its stake in shares of Entergy by 3.4% during the 1st quarter. Northern Trust Corp now owns 4,333,701 shares of the utilities provider’s stock valued at $370,488,000 after buying an additional 143,187 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Entergy by 15.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,326,466 shares of the utilities provider’s stock valued at $284,380,000 after buying an additional 454,059 shares during the period. Finally, Boston Partners grew its stake in shares of Entergy by 0.4% during the 1st quarter. Boston Partners now owns 3,229,814 shares of the utilities provider’s stock valued at $276,101,000 after buying an additional 14,068 shares during the period. 88.07% of the stock is owned by hedge funds and other institutional investors.

Entergy Stock Performance

NYSE:ETR opened at $95.41 on Friday. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.80 and a quick ratio of 0.52. The firm has a 50-day moving average of $89.72 and a two-hundred day moving average of $85.28. The stock has a market cap of $42.59 billion, a P/E ratio of 23.76, a PEG ratio of 2.55 and a beta of 0.62. Entergy Corporation has a 1-year low of $64.38 and a 1-year high of $96.61.

Entergy (NYSE:ETR) last issued its earnings results on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.14. Entergy had a net margin of 14.35% and a return on equity of 11.52%. The business had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same quarter in the prior year, the business posted $1.92 EPS. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. On average, research analysts expect that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 13th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $2.40 annualized dividend and a dividend yield of 2.5%. Entergy’s dividend payout ratio (DPR) is presently 59.85%.

Insider Activity at Entergy

In other news, insider Haley Fisackerly sold 4,463 shares of the stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $90.50, for a total transaction of $403,901.50. Following the transaction, the insider owned 3,318 shares of the company’s stock, valued at approximately $300,279. This trade represents a 57.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.39% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on ETR. KeyCorp reaffirmed an “overweight” rating and set a $96.00 price target (up from $88.00) on shares of Entergy in a research report on Thursday, July 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Entergy in a research report on Saturday, September 27th. Mizuho set a $97.00 price target on shares of Entergy and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Raymond James Financial began coverage on shares of Entergy in a research report on Friday, June 13th. They set a “market perform” rating for the company. Finally, Jefferies Financial Group began coverage on shares of Entergy in a research report on Thursday, September 4th. They set a “buy” rating and a $109.00 price target for the company. Thirteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.33.

Entergy Company Profile

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.