WealthShield Partners LLC Makes New Investment in Entergy Corporation $ETR

WealthShield Partners LLC purchased a new stake in Entergy Corporation (NYSE:ETR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 15,255 shares of the utilities provider’s stock, valued at approximately $1,752,000.

Other large investors have also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Entergy by 4.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 928,984 shares of the utilities provider’s stock worth $87,194,000 after acquiring an additional 38,742 shares in the last quarter. Illinois Municipal Retirement Fund raised its position in Entergy by 18.3% during the first quarter. Illinois Municipal Retirement Fund now owns 180,358 shares of the utilities provider’s stock valued at $20,265,000 after purchasing an additional 27,868 shares in the last quarter. World Investment Advisors lifted its stake in Entergy by 170.6% during the fourth quarter. World Investment Advisors now owns 60,579 shares of the utilities provider’s stock worth $5,303,000 after purchasing an additional 38,195 shares during the last quarter. Truist Financial Corp boosted its holdings in shares of Entergy by 9.0% in the 4th quarter. Truist Financial Corp now owns 2,439,479 shares of the utilities provider’s stock worth $225,481,000 after purchasing an additional 200,783 shares in the last quarter. Finally, Vestcor Inc boosted its holdings in shares of Entergy by 36.6% in the 4th quarter. Vestcor Inc now owns 78,692 shares of the utilities provider’s stock worth $7,274,000 after purchasing an additional 21,100 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

Insider Transactions at Entergy

In other Entergy news, insider Haley Fisackerly sold 10,638 shares of the business’s stock in a transaction dated 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 transaction, the insider owned 14,182 shares in the company, valued at approximately $1,560,020. The trade was a 42.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp acquired 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, with a total value of $106,080.00. Following the completion of the purchase, the director owned 3,423 shares of the company’s stock, valued at approximately $363,111.84. The trade was a 41.27% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.21% of the stock is currently owned by insiders.

Entergy Trading Down 2.6%

NYSE ETR opened at $104.56 on Friday. The firm has a market cap of $48.79 billion, a PE ratio of 26.81, a price-to-earnings-growth ratio of 1.79 and a beta of 0.50. Entergy Corporation has a 1-year low of $86.40 and a 1-year high of $118.44. The stock has a 50-day moving average of $111.55 and a 200-day moving average of $109.57. The company has a current ratio of 0.91, a quick ratio of 0.70 and a debt-to-equity ratio of 1.73.

Entergy (NYSE:ETR) last issued its earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share (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 firm had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.49 billion. During the same quarter last year, the business earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, sell-side analysts forecast that Entergy Corporation will post 4.4 EPS for the current year.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Thursday, August 13th will be issued a $0.64 dividend. This represents a $2.56 dividend on an annualized basis 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%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ETR shares. Morgan Stanley set a $105.00 price objective on Entergy and gave the company an “equal weight” rating in a report on Friday. Barclays cut their target price on Entergy from $124.00 to $119.00 and set an “overweight” rating for the company in a research note on Wednesday, June 3rd. Citigroup reissued a “neutral” rating and set a $121.00 price target (up from $116.00) on shares of Entergy in a research note on Tuesday, May 5th. BMO Capital Markets boosted their price objective on shares of Entergy from $123.00 to $124.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Finally, UBS Group reaffirmed a “buy” rating and issued a $135.00 price objective (up from $131.00) on shares of Entergy in a research note on Thursday, April 30th. Seventeen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $120.84.

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.