Shelton Wealth Management LLC Makes New Investment in Entergy Corporation $ETR

Shelton Wealth Management LLC acquired a new position in Entergy Corporation (NYSE:ETR) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 12,232 shares of the utilities provider’s stock, valued at approximately $1,214,000.

A number of other hedge funds also recently bought and sold shares of ETR. BlackRock Inc. bought a new position in Entergy in the second quarter valued at about $4,861,376,000. Bank of America Corp DE increased its position in shares of Entergy by 5.3% during the 1st quarter. Bank of America Corp DE now owns 17,369,775 shares of the utilities provider’s stock valued at $1,951,668,000 after purchasing an additional 870,847 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Entergy during the 2nd quarter valued at about $633,338,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Entergy by 4.3% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,941,157 shares of the utilities provider’s stock worth $452,681,000 after buying an additional 161,411 shares during the last quarter. Finally, Legal & General Group Plc purchased a new position in shares of Entergy in the second quarter worth approximately $430,404,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Trading Up 1.1%

ETR stock traded up $1.17 during mid-day trading on Friday, reaching $105.13. The company had a trading volume of 2,238,308 shares, compared to its average volume of 3,042,834. 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 firm has a 50 day moving average of $104.34 and a 200 day moving average of $109.68. The company has a market capitalization of $49.05 billion, a PE ratio of 26.96, a price-to-earnings-growth ratio of 2.32 and a beta of 0.46. Entergy Corporation has a 12 month low of $90.87 and a 12 month high of $118.44.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.03 EPS 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 company had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.49 billion. During the same quarter in the previous year, the firm 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 4.40 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Thursday, August 13th were given a dividend of $0.64 per share. The ex-dividend date was Thursday, August 13th. This represents a $2.56 dividend on an annualized basis and a yield of 2.4%. Entergy’s payout ratio is currently 65.64%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ETR shares. Evercore restated an “outperform” rating and set a $128.00 target price on shares of Entergy in a research report on Monday, August 17th. JPMorgan Chase & Co. lowered their price objective on Entergy from $137.00 to $130.00 and set an “overweight” rating on the stock in a research report on Tuesday. KeyCorp reduced their price objective on shares of Entergy from $123.00 to $118.00 and set an “overweight” rating for the company in a research note on Tuesday. Weiss Ratings lowered Entergy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, August 20th. Finally, Wall Street Zen downgraded Entergy from a “hold” rating to a “sell” rating in a research note on Sunday, August 9th. Seventeen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Entergy has a consensus rating of “Moderate Buy” and an average price target of $120.83.

Insider Activity

In other Entergy news, Director Ralph Lewis Ropp purchased 1,000 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The stock was purchased at an average price of $106.08 per share, for a total transaction of $106,080.00. Following the purchase, the director directly owned 3,423 shares in the company, valued at approximately $363,111.84. This trade represents a 41.27% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Laura R. Landreaux sold 5,600 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $106.20, for a total value of $594,720.00. Following the completion of the sale, the insider directly owned 22,589 shares in the company, valued at approximately $2,398,951.80. The trade was a 19.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.21% of the stock is owned by company insiders.

About Entergy

Entergy Corporation is an integrated energy company that provides electric power and related services through regulated utility subsidiaries. Its operations include electricity generation, transmission and distribution, as well as natural gas distribution and other utility services.

Entergy serves customers across Arkansas, Louisiana, Mississippi and Texas, including the city of New Orleans. The company operates a diverse generation portfolio that includes nuclear, natural gas, renewable and other resources, and it supplies electricity to residential, commercial, industrial and governmental customers.

Founded in 1949 as Middle South Utilities, the company adopted the Entergy name in 1994.