54,201 Shares in Entergy Corporation $ETR Bought by Vise Technologies Inc.

Vise Technologies Inc. acquired a new position in Entergy Corporation (NYSE:ETR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 54,201 shares of the utilities provider’s stock, valued at approximately $6,226,000.

Other institutional investors have also recently bought and sold shares of the company. Illinois Municipal Retirement Fund lifted its holdings in Entergy by 18.3% during the first quarter. Illinois Municipal Retirement Fund now owns 180,358 shares of the utilities provider’s stock valued at $20,265,000 after purchasing an additional 27,868 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Entergy by 4.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 928,984 shares of the utilities provider’s stock worth $87,194,000 after purchasing an additional 38,742 shares in the last quarter. World Investment Advisors increased its stake in shares of Entergy by 170.6% in the fourth quarter. World Investment Advisors now owns 60,579 shares of the utilities provider’s stock worth $5,303,000 after purchasing an additional 38,195 shares in the last quarter. Truist Financial Corp raised its position in shares of Entergy by 9.0% in the fourth quarter. Truist Financial Corp now owns 2,439,479 shares of the utilities provider’s stock valued at $225,481,000 after purchasing an additional 200,783 shares during the period. Finally, WealthShield Partners LLC bought a new stake in shares of Entergy in the fourth quarter valued at approximately $1,057,000. Institutional investors own 88.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on ETR shares. Evercore reaffirmed an “outperform” rating and issued a $128.00 price objective on shares of Entergy in a report on Monday. Truist Financial set a $122.00 target price on shares of Entergy and gave the company a “buy” rating in a report on Thursday, August 13th. Weiss Ratings upgraded Entergy from a “buy (b)” rating to a “buy (b+)” rating in a research report on Wednesday, August 5th. Scotiabank reaffirmed a “sector outperform” rating on shares of Entergy in a report on Wednesday, June 10th. Finally, UBS Group reiterated a “buy” rating and issued a $135.00 price target (up from $131.00) on shares of Entergy in a research report on Thursday, April 30th. 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’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $121.05.

Entergy Price Performance

Shares of NYSE:ETR opened at $107.47 on Friday. The company has a 50 day moving average of $111.68 and a 200 day moving average of $109.60. The company has a current ratio of 0.91, a quick ratio of 0.70 and a debt-to-equity ratio of 1.73. The stock has a market cap of $50.15 billion, a P/E ratio of 27.56, a P/E/G ratio of 1.84 and a beta of 0.50. Entergy Corporation has a 12 month low of $86.40 and a 12 month high of $118.44.

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

Entergy Announces Dividend

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

Insider Buying and Selling at Entergy

In other Entergy news, insider Haley Fisackerly sold 10,638 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $110.00, for a total value of $1,170,180.00. Following the sale, the insider owned 14,182 shares of the company’s stock, valued at $1,560,020. This trade represents a 42.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp purchased 1,000 shares of the company’s stock in a transaction dated Thursday, August 6th. The shares were acquired at an average price of $106.08 per share, with a total value of $106,080.00. Following the transaction, the director owned 3,423 shares in the company, valued at approximately $363,111.84. The trade was a 41.27% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.21% of the stock is currently owned by company insiders.

Entergy 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.