Forty three Eighteen Advisors LLC Invests $1.20 Million in Entergy Corporation $ETR

Forty three Eighteen Advisors LLC bought a new stake in Entergy Corporation (NYSE:ETR) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 12,975 shares of the utilities provider’s stock, valued at approximately $1,199,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Aristotle Capital Management LLC boosted its position in Entergy by 4.4% in the fourth quarter. Aristotle Capital Management LLC now owns 2,280 shares of the utilities provider’s stock worth $211,000 after purchasing an additional 96 shares during the last quarter. Rehmann Capital Advisory Group increased its position in shares of Entergy by 2.8% during the 4th quarter. Rehmann Capital Advisory Group now owns 3,807 shares of the utilities provider’s stock valued at $352,000 after purchasing an additional 102 shares during the last quarter. MFA Wealth Services raised its stake in shares of Entergy by 3.8% during the 3rd quarter. MFA Wealth Services now owns 2,891 shares of the utilities provider’s stock worth $269,000 after purchasing an additional 107 shares during the period. Oakworth Capital Inc. raised its stake in shares of Entergy by 7.6% during the 4th quarter. Oakworth Capital Inc. now owns 1,543 shares of the utilities provider’s stock worth $143,000 after purchasing an additional 109 shares during the period. Finally, Summit Financial LLC boosted its holdings in shares of Entergy by 4.7% in the 4th quarter. Summit Financial LLC now owns 2,510 shares of the utilities provider’s stock worth $232,000 after buying an additional 112 shares during the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on ETR. Argus raised their price objective on shares of Entergy from $100.00 to $118.00 and gave the stock a “buy” rating in a report on Monday, April 6th. Jefferies Financial Group reissued a “buy” rating on shares of Entergy in a research report on Wednesday, June 10th. Weiss Ratings upgraded shares of Entergy from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, May 14th. Mizuho set a $122.00 price target on shares of Entergy and gave the stock an “outperform” rating in a report on Wednesday, June 10th. Finally, Truist Financial set a $127.00 price objective on Entergy and gave the company a “buy” rating in a research note on Friday, May 29th. Seventeen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Entergy presently has an average rating of “Moderate Buy” and an average price target of $119.68.

Insider Transactions at Entergy

In other Entergy 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 value of $1,170,180.00. Following the sale, the insider directly owned 14,182 shares in the company, valued at $1,560,020. This represents a 42.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by corporate insiders.

Entergy Stock Down 0.0%

Shares of NYSE ETR opened at $111.08 on Friday. Entergy Corporation has a 52 week low of $80.11 and a 52 week high of $118.44. The business has a 50-day simple moving average of $112.13 and a two-hundred day simple moving average of $103.93. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 1.80. The company has a market cap of $50.86 billion, a P/E ratio of 28.34, a P/E/G ratio of 1.90 and a beta of 0.50.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.02. Entergy had a return on equity of 10.75% and a net margin of 13.48%.The firm had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $2.89 billion. During the same period in the prior year, the business posted $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Research analysts anticipate that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 1st were issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Friday, May 1st. Entergy’s dividend payout ratio is 65.31%.

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.