Vise Technologies Inc. Invests $6.23 Million in Entergy Corporation $ETR

Vise Technologies Inc. bought a new position in Entergy Corporation (NYSE:ETR) in the 2nd quarter, Holdings Channel.com reports. The firm bought 54,201 shares of the utilities provider’s stock, valued at approximately $6,226,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ETR. Northcape Wealth Management LLC bought a new position in shares of Entergy during the 2nd quarter valued at about $214,000. Csenge Advisory Group purchased a new stake in Entergy in the second quarter worth approximately $1,043,000. Shepherd Financial Partners LLC purchased a new stake in Entergy in the second quarter worth approximately $1,780,000. Johnson Financial Group Inc. bought a new position in Entergy during the second quarter valued at approximately $843,000. Finally, NewEdge Wealth LLC bought a new position in Entergy during the second quarter valued at approximately $1,110,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ETR shares. Evercore restated an “outperform” rating and issued a $128.00 price objective on shares of Entergy in a report on Monday. Citigroup reaffirmed a “neutral” rating and set a $121.00 target price (up from $116.00) on shares of Entergy in a report on Tuesday, May 5th. JPMorgan Chase & Co. lifted their target price on shares of Entergy from $129.00 to $139.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Scotiabank restated a “sector outperform” rating on shares of Entergy in a research report on Wednesday, June 10th. Finally, BTIG Research reissued a “buy” rating and issued a $126.00 target price on shares of Entergy in a research note on Wednesday, June 10th. Seventeen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.05.

Insider Buying and Selling

In other Entergy 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 value of $1,170,180.00. Following the completion of 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 document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp purchased 1,000 shares of the stock in a transaction dated Thursday, August 6th. The shares were purchased at an average cost 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 in the company, valued at approximately $363,111.84. This trade represents a 41.27% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.21% of the company’s stock.

Entergy Price Performance

Shares of ETR stock opened at $107.47 on Friday. The firm has a market cap of $50.15 billion, a P/E ratio of 27.56, a P/E/G ratio of 1.84 and a beta of 0.50. Entergy Corporation has a fifty-two week low of $86.40 and a fifty-two week high of $118.44. The business’s 50 day moving average price is $111.68 and its 200-day moving average price is $109.60. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.70 and a current ratio of 0.91.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.03 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 business had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.49 billion. During the same period last year, the business posted $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities research analysts anticipate 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. Shareholders of record on Thursday, August 13th will be paid a dividend of $0.64 per share. The ex-dividend date is Thursday, August 13th. This represents a $2.56 annualized dividend and a yield of 2.4%. Entergy’s dividend payout ratio is currently 65.64%.

Entergy 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.