116,179 Shares in Entergy Corporation $ETR Purchased by Corient Private Wealth LP

Corient Private Wealth LP acquired a new position in shares of Entergy Corporation (NYSE:ETR) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 116,179 shares of the utilities provider’s stock, valued at approximately $13,357,000.

A number of other hedge funds have also made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of Entergy in the second quarter valued at approximately $4,861,376,000. Bank of America Corp DE acquired a new position in Entergy in the 2nd quarter valued at $1,991,669,000. JPMorgan Chase & Co. raised its stake in Entergy by 54.9% in the 4th quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider’s stock valued at $2,097,699,000 after purchasing an additional 8,046,287 shares during the last quarter. Norges Bank purchased a new position in Entergy in the 4th quarter valued at $528,313,000. Finally, Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Entergy in the 2nd quarter valued at $633,338,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Trading Down 0.7%

Shares of ETR stock opened at $105.77 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.70 and a debt-to-equity ratio of 1.73. Entergy Corporation has a twelve month low of $86.40 and a twelve month high of $118.44. The company’s 50-day moving average price is $111.05 and its 200-day moving average price is $109.89. The stock has a market cap of $49.36 billion, a price-to-earnings ratio of 27.12, a PEG ratio of 1.81 and a beta of 0.50.

Entergy (NYSE:ETR) last released its quarterly earnings data 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 firm had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.49 billion. During the same period last year, the business earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, equities analysts predict that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th will be issued a dividend of $0.64 per share. The ex-dividend date is Thursday, August 13th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.4%. Entergy’s dividend payout ratio (DPR) is currently 65.64%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Barclays dropped their target price on shares of Entergy from $124.00 to $119.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. Jefferies Financial Group restated a “buy” rating on shares of Entergy in a research report on Wednesday, June 10th. Weiss Ratings cut shares of Entergy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, August 20th. Mizuho set a $122.00 target price on shares of Entergy and gave the stock an “outperform” rating in a research note on Wednesday, June 10th. Finally, Truist Financial set a $122.00 target price on shares of Entergy and gave the stock a “buy” rating in a research note on Thursday, August 13th. Seventeen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $120.84.

Insider Buying and Selling

In other news, insider Haley Fisackerly sold 10,638 shares of Entergy stock in a transaction that occurred 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 sale, the insider owned 14,182 shares of the company’s stock, valued at approximately $1,560,020. The trade was a 42.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp acquired 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The stock was acquired at an average price of $106.08 per share, for a total transaction of $106,080.00. Following the completion of the acquisition, the director directly owned 3,423 shares of the company’s stock, valued at $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 owned by company insiders.

About Entergy

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.