Harrison Street Private Wealth LLC Takes $4.03 Million Position in Entergy Corporation $ETR

Harrison Street Private Wealth LLC acquired a new position in Entergy Corporation (NYSE:ETR) during the first quarter, according to its most recent filing with the SEC. The firm acquired 35,870 shares of the utilities provider’s stock, valued at approximately $4,030,000. Entergy comprises approximately 5.3% of Harrison Street Private Wealth LLC’s holdings, making the stock its 8th biggest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Pinnacle Wealth Management Advisory Group LLC boosted its holdings in Entergy by 3.6% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,623 shares of the utilities provider’s stock valued at $295,000 after acquiring an additional 90 shares in the last quarter. Aristotle Capital Management LLC increased its stake in shares of Entergy by 4.4% in the 4th quarter. Aristotle Capital Management LLC now owns 2,280 shares of the utilities provider’s stock worth $211,000 after acquiring an additional 96 shares in the last quarter. Founders Financial Securities LLC boosted its stake in Entergy by 2.5% during the first quarter. Founders Financial Securities LLC now owns 4,094 shares of the utilities provider’s stock worth $481,000 after acquiring an additional 101 shares in the last quarter. Rehmann Capital Advisory Group grew its stake in shares of Entergy by 2.8% in the 4th quarter. Rehmann Capital Advisory Group now owns 3,807 shares of the utilities provider’s stock worth $352,000 after buying an additional 102 shares during the last quarter. Finally, Stock Yards Bank & Trust Co. grew its position in Entergy by 1.5% during the 1st quarter. Stock Yards Bank & Trust Co. now owns 7,087 shares of the utilities provider’s stock valued at $796,000 after purchasing an additional 105 shares during the last quarter. Institutional investors own 88.07% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on ETR shares. Jefferies Financial Group reiterated a “buy” rating on shares of Entergy in a research note on Wednesday, June 10th. Barclays reduced their price objective on shares of Entergy from $124.00 to $119.00 and set an “overweight” rating for the company in a research note on Wednesday, June 3rd. Truist Financial set a $127.00 price objective on shares of Entergy and gave the company a “buy” rating in a report on Friday, May 29th. Wells Fargo & Company upped their target price on shares of Entergy from $123.00 to $128.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Finally, UBS Group reaffirmed a “buy” rating and set a $135.00 price target (up from $131.00) on shares of Entergy in a research note on Thursday, April 30th. Seventeen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Entergy currently has a consensus rating of “Moderate Buy” and a consensus target price of $119.68.

Insiders Place Their Bets

In related news, insider Haley Fisackerly sold 10,638 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $110.00, for a total transaction of $1,170,180.00. Following the transaction, the insider directly owned 14,182 shares of the company’s stock, valued at $1,560,020. This represents a 42.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by company insiders.

Entergy Trading Up 1.9%

NYSE:ETR opened at $115.00 on Friday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.73 and a current ratio of 0.96. The firm has a market cap of $52.66 billion, a P/E ratio of 29.34, a P/E/G ratio of 1.93 and a beta of 0.50. The firm has a 50-day simple moving average of $112.03 and a 200-day simple moving average of $105.34. Entergy Corporation has a one year low of $80.11 and a one year high of $118.44.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.02. Entergy had a return on equity of 10.75% and a net margin of 13.48%.The business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same period last year, the business posted $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities analysts anticipate that Entergy Corporation will post 4.4 EPS for the current fiscal year.

Entergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 1st were given a $0.64 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.2%. Entergy’s dividend payout ratio (DPR) is presently 65.31%.

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.