Northstar Advisory Group LLC Buys New Position in Entergy Corporation $ETR

Northstar Advisory Group LLC bought a new stake in Entergy Corporation (NYSE:ETR) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 7,952 shares of the utilities provider’s stock, valued at approximately $741,000.

Other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its position in Entergy by 275.6% during the fourth quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock worth $696,000 after acquiring an additional 6,733 shares during the period. Woodline Partners LP grew its position in Entergy by 40.7% in the 1st quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider’s stock worth $3,097,000 after purchasing an additional 10,476 shares during the last quarter. Dakota Wealth Management bought a new position in shares of Entergy during the 2nd quarter worth about $368,000. ORG Partners LLC increased its holdings in shares of Entergy by 51.9% during the 2nd quarter. ORG Partners LLC now owns 1,434 shares of the utilities provider’s stock worth $118,000 after purchasing an additional 490 shares during the period. Finally, V Square Quantitative Management LLC raised its position in shares of Entergy by 10.3% during the second quarter. V Square Quantitative Management LLC now owns 4,553 shares of the utilities provider’s stock valued at $378,000 after buying an additional 426 shares during the last quarter. 88.07% of the stock is owned by institutional investors.

Entergy Stock Up 1.8%

Shares of NYSE:ETR opened at $94.88 on Tuesday. The company’s fifty day moving average is $93.77 and its 200-day moving average is $92.24. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.48 and a current ratio of 0.71. Entergy Corporation has a 52 week low of $75.55 and a 52 week high of $98.58. The company has a market capitalization of $42.37 billion, a PE ratio of 23.43, a P/E/G ratio of 2.08 and a beta of 0.66.

Entergy (NYSE:ETR) last announced its earnings results on Wednesday, October 29th. The utilities provider reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.21. The business had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.58 billion. Entergy had a net margin of 14.26% and a return on equity of 11.53%. During the same quarter last year, the company posted $2.99 EPS. Entergy has set its FY 2025 guidance at 3.850-3.950 EPS. Equities research analysts predict that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Thursday, November 13th were issued a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, November 13th. This is an increase from Entergy’s previous quarterly dividend of $0.60. Entergy’s dividend payout ratio (DPR) is presently 63.21%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ETR shares. BMO Capital Markets reissued an “outperform” rating and set a $104.00 target price (up from $96.00) on shares of Entergy in a research report on Tuesday, October 14th. KeyCorp set a $102.00 price objective on Entergy and gave the stock an “overweight” rating in a report on Friday, December 12th. Morgan Stanley restated an “underperform” rating on shares of Entergy in a research note on Wednesday, January 21st. JPMorgan Chase & Co. decreased their price target on shares of Entergy from $113.00 to $108.00 and set an “overweight” rating on the stock in a research note on Thursday, December 11th. Finally, Wells Fargo & Company boosted their price target on shares of Entergy from $105.00 to $119.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $103.87.

Insider Transactions at Entergy

In other Entergy news, insider Haley Fisackerly sold 5,136 shares of the business’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $96.50, for a total value of $495,624.00. Following the transaction, the insider owned 7,899 shares of the company’s stock, valued at approximately $762,253.50. The trade was a 39.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Anastasia Minor sold 5,000 shares of the stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $96.39, for a total value of $481,950.00. Following the sale, the insider owned 10,122 shares in the company, valued at $975,659.58. The trade was a 33.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 10,179 shares of company stock valued at $981,707 in the last three months. 0.47% of the stock is owned by corporate insiders.

Entergy Company Profile

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.