Inspire Investing LLC Acquires 4,599 Shares of Entergy Corporation $ETR

Inspire Investing LLC boosted its holdings in shares of Entergy Corporation (NYSE:ETR) by 11.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,459 shares of the utilities provider’s stock after buying an additional 4,599 shares during the quarter. Inspire Investing LLC’s holdings in Entergy were worth $4,294,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. United Community Bank grew its position in Entergy by 806.7% during the fourth quarter. United Community Bank now owns 272 shares of the utilities provider’s stock valued at $25,000 after buying an additional 242 shares during the period. Washington Trust Advisors Inc. grew its position in Entergy by 119.4% during the fourth quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock valued at $26,000 after buying an additional 154 shares during the period. Valley National Advisers Inc. boosted its position in shares of Entergy by 306.0% in the fourth quarter. Valley National Advisers Inc. now owns 341 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 257 shares during the period. Sarver Vrooman Wealth Advisors bought a new position in shares of Entergy in the fourth quarter worth approximately $37,000. Finally, JFS Wealth Advisors LLC boosted its position in shares of Entergy by 46.1% in the third quarter. JFS Wealth Advisors LLC now owns 412 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 130 shares during the period. 88.07% of the stock is currently owned by institutional investors.

Entergy Stock Performance

ETR opened at $110.81 on Thursday. The firm has a market cap of $50.74 billion, a P/E ratio of 28.27, a PEG ratio of 1.92 and a beta of 0.50. Entergy Corporation has a 1-year low of $80.11 and a 1-year high of $118.44. The company has a 50 day simple moving average of $112.26 and a two-hundred day simple moving average of $103.79. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.96 and a quick ratio of 0.73.

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

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 1st were given a dividend of $0.64 per share. The ex-dividend date was Friday, May 1st. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.3%. Entergy’s dividend payout ratio (DPR) is presently 65.31%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on ETR shares. Argus upped their price target on shares of Entergy from $100.00 to $118.00 and gave the stock a “buy” rating in a research report on Monday, April 6th. Mizuho set a $122.00 price target on shares of Entergy and gave the stock an “outperform” rating in a research report on Wednesday, June 10th. Seaport Research Partners lowered shares of Entergy from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. Truist Financial set a $127.00 price target on shares of Entergy and gave the stock a “buy” rating in a research report on Friday, May 29th. Finally, BTIG Research reiterated a “buy” rating and issued a $126.00 price target on shares of Entergy in a research report on Wednesday, June 10th. 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 stock. According to data from MarketBeat, Entergy presently has a consensus rating of “Moderate Buy” and an average price target of $119.68.

Insider Buying and Selling at Entergy

In other news, insider Haley Fisackerly sold 10,638 shares of Entergy 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 directly owned 14,182 shares of the company’s stock, valued at approximately $1,560,020. The trade was a 42.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by 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.