Entergy Corporation $ETR Shares Sold by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. trimmed its holdings in Entergy Corporation (NYSE:ETR) by 2.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 305,669 shares of the utilities provider’s stock after selling 8,176 shares during the quarter. Braun Stacey Associates Inc. owned about 0.07% of Entergy worth $35,109,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Washington Trust Advisors Inc. boosted its position in Entergy by 119.4% during the 4th quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 154 shares during the period. Union Savings Bank bought a new position in shares of Entergy in the fourth quarter worth $28,000. Bell Investment Advisors Inc acquired a new position in shares of Entergy during the second quarter valued at $28,000. Fairway Wealth LLC acquired a new position in shares of Entergy during the first quarter valued at $30,000. Finally, Dynamic Wealth Strategies LLC bought a new stake in shares of Entergy during the first quarter valued at about $30,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ETR shares. JPMorgan Chase & Co. upped their price objective on shares of Entergy from $129.00 to $139.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Scotiabank reissued a “sector outperform” rating on shares of Entergy in a research note on Wednesday, June 10th. 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. Morgan Stanley set a $105.00 price target on shares of Entergy and gave the stock an “equal weight” rating in a research note on Friday, August 21st. Finally, Weiss Ratings cut shares of Entergy from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, August 20th. Seventeen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Entergy has an average rating of “Moderate Buy” and an average price target of $120.84.

Entergy Trading Down 0.7%

Shares of ETR stock opened at $105.77 on Friday. The stock has a 50-day simple moving average of $111.05 and a 200 day simple moving average of $109.89. The stock has a market capitalization of $49.36 billion, a P/E ratio of 27.12, a P/E/G ratio of 1.82 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 company has a quick ratio of 0.70, a current ratio of 0.91 and a debt-to-equity ratio of 1.73.

Entergy (NYSE:ETR) last issued its quarterly earnings results 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 firm had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.49 billion. During the same period in the previous year, the business earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, sell-side analysts expect that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The firm 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 $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Thursday, August 13th. Entergy’s payout ratio is presently 65.64%.

Insider Buying and Selling

In related news, insider Haley Fisackerly sold 10,638 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total transaction of $1,170,180.00. Following the completion of the sale, the insider directly owned 14,182 shares of the company’s stock, valued at $1,560,020. This represents a 42.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp bought 1,000 shares of Entergy stock in a transaction that occurred on Thursday, August 6th. The shares were acquired at an average price of $106.08 per share, with a total value of $106,080.00. Following the completion of the acquisition, the director directly owned 3,423 shares of the company’s stock, valued at $363,111.84. This represents a 41.27% increase in their position. The SEC filing for this purchase provides additional information. 0.21% of the stock is 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.