Entergy Corporation $ETR Shares Bought by Continuum Advisory LLC

Continuum Advisory LLC raised its position in Entergy Corporation (NYSE:ETR) by 27.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 34,449 shares of the utilities provider’s stock after acquiring an additional 7,315 shares during the quarter. Continuum Advisory LLC’s holdings in Entergy were worth $3,871,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ETR. United Community Bank grew its holdings in Entergy by 806.7% during the fourth quarter. United Community Bank now owns 272 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 242 shares during the period. Washington Trust Advisors Inc. increased its holdings in Entergy by 119.4% during the 4th quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 154 shares in the last quarter. Union Savings Bank acquired a new position in shares of Entergy during the 4th quarter worth approximately $28,000. Valley National Advisers Inc. raised its holdings 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 acquiring an additional 257 shares during the last quarter. Finally, Sarver Vrooman Wealth Advisors acquired a new position in Entergy in the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insider Buying and Selling

In related news, insider Haley Fisackerly sold 10,638 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $1,560,020. This trade represents a 42.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 corporate insiders.

Entergy Trading Down 0.0%

NYSE ETR opened at $115.91 on Monday. The firm has a market capitalization of $53.07 billion, a PE ratio of 29.57, a price-to-earnings-growth ratio of 1.98 and a beta of 0.50. The company has a 50-day simple moving average of $111.97 and a 200-day simple moving average of $104.73. Entergy Corporation has a one year low of $80.11 and a one year high of $118.44. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.73 and a current ratio of 0.96.

Entergy (NYSE:ETR) last announced its quarterly 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. The business had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $2.89 billion. Entergy had a return on equity of 10.75% and a net margin of 13.48%.During the same period in the prior year, the firm earned $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities analysts forecast that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 1st were given a $0.64 dividend. The ex-dividend date was Friday, May 1st. This represents a $2.56 annualized dividend and a yield of 2.2%. Entergy’s dividend payout ratio is 65.31%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ETR shares. Weiss Ratings upgraded Entergy from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, May 14th. Seaport Research Partners cut shares of Entergy from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. BTIG Research reaffirmed a “buy” rating and issued a $126.00 target price on shares of Entergy in a research report on Wednesday, June 10th. Scotiabank reaffirmed a “sector outperform” rating on shares of Entergy in a report on Wednesday, June 10th. Finally, Argus increased their price target on Entergy from $100.00 to $118.00 and gave the company a “buy” rating in a report on Monday, April 6th. Seventeen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Entergy has a consensus rating of “Moderate Buy” and an average target price of $119.68.

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.