Ninepoint Partners LP Takes $1.67 Million Position in Entergy Corporation $ETR

Ninepoint Partners LP acquired a new stake in Entergy Corporation (NYSE:ETR) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 14,516 shares of the utilities provider’s stock, valued at approximately $1,667,000.

Several other large investors also recently bought and sold shares of the stock. Bell Investment Advisors Inc purchased a new position in shares of Entergy in the second quarter worth $28,000. Dynamic Wealth Strategies LLC acquired a new stake in shares of Entergy during the first quarter worth $30,000. Fairway Wealth LLC purchased a new stake in shares of Entergy during the first quarter valued at $30,000. United Community Bank grew its holdings in shares of 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 last quarter. Finally, Washington Trust Advisors Inc. increased its position in shares of Entergy by 119.4% in 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 during the period. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insider Activity

In related news, Director Ralph Lewis Ropp purchased 1,000 shares of Entergy stock in a transaction that occurred on Thursday, August 6th. The stock was bought at an average cost of $106.08 per share, for a total transaction of $106,080.00. Following the completion of the transaction, the director owned 3,423 shares in the company, valued at $363,111.84. The trade was a 41.27% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Haley Fisackerly sold 10,638 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total value of $1,170,180.00. Following the completion of the transaction, the insider directly owned 14,182 shares of the company’s stock, valued at $1,560,020. The trade was a 42.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. BTIG Research reaffirmed a “buy” rating and set a $126.00 price target on shares of Entergy in a research report on Wednesday, June 10th. Weiss Ratings raised Entergy from a “buy (b)” rating to a “buy (b+)” rating in a report on Wednesday, August 5th. Morgan Stanley set a $109.00 price objective on Entergy in a research note on Wednesday, July 22nd. Mizuho set a $122.00 target price on Entergy and gave the stock an “outperform” rating in a report on Wednesday, June 10th. Finally, Truist Financial set a $122.00 target price on Entergy and gave the company a “buy” rating in a research report on Thursday, August 13th. Seventeen 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $121.05.

Entergy Trading Down 0.5%

NYSE ETR opened at $107.47 on Friday. The company has a market capitalization of $50.15 billion, a PE ratio of 27.56, a P/E/G ratio of 1.84 and a beta of 0.50. The company has a fifty day moving average of $111.68 and a 200 day moving average of $109.60. Entergy Corporation has a 1 year low of $86.40 and a 1 year high of $118.44. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.91 and a quick ratio of 0.70.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.03 EPS for the quarter, beating the consensus estimate of $1.01 by $0.02. The company had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.49 billion. Entergy had a net margin of 13.40% and a return on equity of 10.53%. During the same period in the prior year, the company earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Research analysts forecast that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Announces Dividend

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

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.