Northwestern Mutual Wealth Management Co. Acquires New Shares in Entergy Corporation $ETR

Northwestern Mutual Wealth Management Co. bought a new stake in Entergy Corporation (NYSE:ETR) during the second quarter, Holdings Channel reports. The institutional investor bought 29,535 shares of the utilities provider’s stock, valued at approximately $3,392,000.

Several other hedge funds also recently bought and sold shares of ETR. Evolve Private Wealth LLC acquired a new stake in shares of Entergy during the 2nd quarter valued at about $430,000. WealthShield Partners LLC acquired a new position in Entergy in the second quarter worth approximately $1,752,000. Emerald Investment Advisers LLC acquired a new position in Entergy in the second quarter worth approximately $12,582,000. TRB Wealth Management LLC bought a new position in Entergy during the second quarter valued at approximately $318,000. Finally, William Blair Investment Management LLC bought a new position in Entergy during the second quarter valued at approximately $269,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ETR has been the subject of several recent research reports. Jefferies Financial Group reissued a “buy” rating on shares of Entergy in a research report on Wednesday, June 10th. Scotiabank restated a “sector outperform” rating on shares of Entergy in a report on Wednesday, June 10th. JPMorgan Chase & Co. lifted their price objective on shares of Entergy from $129.00 to $139.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. BMO Capital Markets lifted their price objective on shares of Entergy from $123.00 to $124.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Finally, Morgan Stanley set a $105.00 price objective on shares of Entergy and gave the stock an “equal weight” rating in a report on Friday. Seventeen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $120.84.

Entergy Stock Performance

Shares of ETR opened at $105.81 on Tuesday. The company has a market capitalization of $49.37 billion, a PE ratio of 27.13, a price-to-earnings-growth ratio of 1.79 and a beta of 0.50. Entergy Corporation has a one year low of $86.40 and a one year high of $118.44. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.91 and a quick ratio of 0.70. The company’s fifty day moving average price is $111.44 and its 200 day moving average price is $109.72.

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

Entergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th will be given a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, August 13th. Entergy’s dividend payout ratio is currently 65.64%.

Insider Activity at Entergy

In related news, insider Haley Fisackerly sold 10,638 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total transaction of $1,170,180.00. Following the completion of the transaction, the insider directly owned 14,182 shares in the company, valued at $1,560,020. This represents a 42.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp bought 1,000 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The shares were bought at an average price of $106.08 per share, with a total value of $106,080.00. Following the completion of the purchase, the director owned 3,423 shares in the company, valued at approximately $363,111.84. The trade was a 41.27% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.21% of the stock is currently 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.