United Capital Financial Advisors LLC Makes New $2.80 Million Investment in Entergy Corporation $ETR

United Capital Financial Advisors LLC acquired a new stake in Entergy Corporation (NYSE:ETR) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 24,362 shares of the utilities provider’s stock, valued at approximately $2,798,000.

A number of other hedge funds also recently modified their holdings of ETR. Bank OZK bought a new stake in shares of Entergy during the 2nd quarter worth about $838,000. Equitable Holdings Inc. acquired a new stake in Entergy during the second quarter worth approximately $1,430,000. Public Employees Retirement System of Ohio bought a new stake in shares of Entergy during the second quarter worth approximately $24,157,000. Proficio Capital Partners LLC acquired a new position in shares of Entergy in the second quarter valued at approximately $446,000. Finally, Transamerica Financial Advisors LLC bought a new position in shares of Entergy during the second quarter worth approximately $7,300,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

ETR has been the topic of a number of analyst reports. Truist Financial set a $122.00 target price on shares of Entergy and gave the stock a “buy” rating in a research report on Thursday, August 13th. Citigroup reissued a “neutral” rating and set a $121.00 price target (up from $116.00) on shares of Entergy in a research report on Tuesday, May 5th. JPMorgan Chase & Co. raised their price objective on Entergy from $129.00 to $139.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Weiss Ratings cut Entergy from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, August 20th. Finally, Scotiabank reiterated a “sector outperform” rating on shares of Entergy in a research report on Wednesday, June 10th. Seventeen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $120.84.

Insider Activity

In related news, Director Ralph Lewis Ropp bought 1,000 shares of the company’s stock in a transaction dated Thursday, August 6th. The stock was purchased 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 owned 3,423 shares of the company’s stock, valued at $363,111.84. The trade was a 41.27% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Haley Fisackerly sold 10,638 shares of the firm’s 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 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by insiders.

Entergy Stock Performance

NYSE ETR opened at $105.77 on Friday. The firm’s 50 day simple moving average is $111.05 and its 200 day simple moving average is $109.89. The firm has a market capitalization of $49.36 billion, a price-to-earnings ratio of 27.12, a P/E/G ratio of 1.82 and a beta of 0.50. 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 Corporation has a 1 year low of $86.40 and a 1 year high of $118.44.

Entergy (NYSE:ETR) last released its earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.02. Entergy had a return on equity of 10.53% and a net margin of 13.40%.The firm had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.49 billion. During the same period in the prior year, the company earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, research 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. Shareholders of record on Thursday, August 13th will be given a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Thursday, August 13th. Entergy’s payout ratio is currently 65.64%.

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.