Global Retirement Partners LLC Buys 5,222 Shares of Entergy Corporation $ETR

Global Retirement Partners LLC increased its stake in Entergy Corporation (NYSE:ETR) by 33.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,973 shares of the utilities provider’s stock after purchasing an additional 5,222 shares during the period. Global Retirement Partners LLC’s holdings in Entergy were worth $1,939,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. United Community Bank increased its position in shares of Entergy by 806.7% in the fourth quarter. United Community Bank now owns 272 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 242 shares during the last quarter. Washington Trust Advisors Inc. increased its position in shares of Entergy by 119.4% in the fourth quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 154 shares during the last quarter. Physician Wealth Advisors Inc. increased its position in shares of Entergy by 56.9% in the third quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 115 shares during the last quarter. Hantz Financial Services Inc. increased its position in shares of Entergy by 150.4% in the third quarter. Hantz Financial Services Inc. now owns 323 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 194 shares during the last quarter. Finally, Valley National Advisers Inc. increased its position in shares of Entergy by 306.0% in the fourth quarter. Valley National Advisers Inc. now owns 341 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 257 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ETR has been the topic of a number of recent research reports. UBS Group reiterated a “buy” rating and set a $135.00 price target (up from $131.00) on shares of Entergy in a research report on Thursday, April 30th. KeyCorp reiterated an “overweight” rating and set a $123.00 price target (up from $118.00) on shares of Entergy in a research report on Tuesday, April 21st. Wells Fargo & Company increased their price target on shares of Entergy from $123.00 to $128.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. BMO Capital Markets increased their price target on shares of Entergy from $118.00 to $127.00 and gave the company an “outperform” rating in a research report on Monday, April 13th. Finally, Evercore set a $115.00 price objective on Entergy in a research note on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $119.00.

Entergy Stock Performance

Shares of ETR stock opened at $112.39 on Friday. The stock has a fifty day moving average of $111.30 and a 200 day moving average of $101.93. Entergy Corporation has a 52 week low of $80.11 and a 52 week high of $118.44. The firm has a market capitalization of $51.46 billion, a price-to-earnings ratio of 28.67, a PEG ratio of 1.92 and a beta of 0.54. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 1.80.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. Entergy had a return on equity of 10.75% and a net margin of 13.48%.The company had revenue of $3.19 billion during the quarter, compared to analyst estimates of $2.89 billion. During the same quarter last year, the firm posted $0.82 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 year.

Entergy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 1st will be paid a $0.64 dividend. The ex-dividend date of this dividend is Friday, May 1st. This represents a $2.56 dividend on an annualized basis and a yield of 2.3%. Entergy’s dividend payout ratio (DPR) is presently 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.