Phoenix Wealth Advisors Makes New $1.50 Million Investment in Entergy Corporation $ETR

Phoenix Wealth Advisors acquired a new position in shares of Entergy Corporation (NYSE:ETR) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 16,246 shares of the utilities provider’s stock, valued at approximately $1,502,000.

Other large investors also recently made changes to their positions in the company. New York State Teachers Retirement System grew its stake in shares of Entergy by 5.4% in the 3rd quarter. New York State Teachers Retirement System now owns 433,613 shares of the utilities provider’s stock valued at $40,408,000 after buying an additional 22,148 shares in the last quarter. New York State Common Retirement Fund grew its stake in shares of Entergy by 3.9% in the 3rd quarter. New York State Common Retirement Fund now owns 184,690 shares of the utilities provider’s stock valued at $17,211,000 after buying an additional 7,000 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of Entergy by 66.0% in the 4th quarter. Nordea Investment Management AB now owns 800,258 shares of the utilities provider’s stock valued at $74,512,000 after buying an additional 318,221 shares in the last quarter. TD Waterhouse Canada Inc. grew its stake in shares of Entergy by 124.6% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 24,949 shares of the utilities provider’s stock valued at $2,335,000 after buying an additional 13,841 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Entergy by 13.9% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 59,279 shares of the utilities provider’s stock valued at $5,524,000 after buying an additional 7,212 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Analyst Ratings Changes

ETR has been the subject of a number of recent analyst reports. Barclays upped their target price on Entergy from $96.00 to $118.00 and gave the stock an “overweight” rating in a research report on Monday, March 30th. Citigroup upped their target price on Entergy from $106.00 to $116.00 and gave the company a “neutral” rating in a research note on Wednesday, March 18th. Wall Street Zen lowered Entergy from a “hold” rating to a “sell” rating in a research note on Sunday, February 22nd. BMO Capital Markets upped their target price on Entergy from $112.00 to $118.00 and gave the company an “outperform” rating in a research note on Monday, March 30th. Finally, JPMorgan Chase & Co. cut their target price on Entergy from $113.00 to $108.00 and set an “overweight” rating for the company in a research note on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $110.17.

Insider Transactions at Entergy

In related news, EVP John C. Dinelli sold 5,372 shares of Entergy stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $103.95, for a total value of $558,419.40. Following the sale, the executive vice president owned 23,609 shares of the company’s stock, valued at approximately $2,454,155.55. This trade represents a 18.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.39% of the company’s stock.

Entergy Price Performance

Entergy stock opened at $114.60 on Thursday. The business’s 50-day simple moving average is $104.64 and its 200 day simple moving average is $98.03. The stock has a market cap of $52.47 billion, a price-to-earnings ratio of 29.31, a P/E/G ratio of 2.27 and a beta of 0.57. Entergy Corporation has a 12-month low of $75.57 and a 12-month high of $115.61. The company has a quick ratio of 0.51, a current ratio of 0.74 and a debt-to-equity ratio of 1.65.

Entergy (NYSE:ETR) last issued its earnings results on Thursday, February 12th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). Entergy had a return on equity of 10.89% and a net margin of 13.66%.The company had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter last year, the business posted $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, research analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 1st will be given a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Friday, May 1st. Entergy’s dividend payout ratio (DPR) is currently 65.47%.

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.