Iams Wealth Management LLC purchased a new position in shares of Entergy Corporation (NYSE:ETR – Free Report) in the third quarter, Holdings Channel.com reports. The fund purchased 5,389 shares of the utilities provider’s stock, valued at approximately $535,000.
Several other institutional investors and hedge funds have also modified their holdings of ETR. V Square Quantitative Management LLC raised its stake in Entergy by 11.4% during the third quarter. V Square Quantitative Management LLC now owns 4,293 shares of the utilities provider’s stock worth $426,000 after acquiring an additional 441 shares in the last quarter. AdvisorNet Financial Inc lifted its holdings in shares of Entergy by 36.8% in the third quarter. AdvisorNet Financial Inc now owns 2,307 shares of the utilities provider’s stock worth $241,000 after acquiring an additional 621 shares during the last quarter. Harrell Investment Partners LLC lifted its holdings in shares of Entergy by 1.4% in the third quarter. Harrell Investment Partners LLC now owns 27,662 shares of the utilities provider’s stock worth $2,746,000 after acquiring an additional 372 shares during the last quarter. Ninety One UK Ltd bought a new position in shares of Entergy in the third quarter worth about $1,022,000. Finally, Summit Financial Wealth Advisors LLC boosted its stake in shares of Entergy by 14.5% in the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 2,483 shares of the utilities provider’s stock valued at $246,000 after purchasing an additional 315 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.
Entergy Trading Down 0.6%
NYSE ETR opened at $103.85 on Friday. 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 Corporation has a twelve month low of $90.87 and a twelve month high of $118.44. The company has a market cap of $48.46 billion, a price-to-earnings ratio of 26.63, a price-to-earnings-growth ratio of 2.34 and a beta of 0.46. The business’s fifty day moving average is $104.39 and its 200 day moving average is $109.71.
Entergy (NYSE:ETR – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.02. Entergy had a return on equity of 10.53% and a net margin of 13.40%. The business had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.49 billion. During the same quarter in the previous year, the company posted $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, sell-side analysts expect that Entergy Corporation will post 4.40 EPS for the current fiscal year.
Entergy Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th were paid a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Thursday, August 13th. Entergy’s dividend payout ratio (DPR) is presently 65.64%.
Insider Transactions at Entergy
In other news, Director Ralph Lewis Ropp acquired 1,000 shares of the stock in a transaction dated Thursday, August 6th. The stock was bought at an average price of $106.08 per share, with a total value of $106,080.00. Following the completion of the purchase, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Laura R. Landreaux sold 5,600 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $106.20, for a total transaction of $594,720.00. Following the completion of the transaction, the insider owned 22,589 shares of the company’s stock, valued at approximately $2,398,951.80. This trade represents a 19.87% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.21% of the company’s stock.
Key Headlines Impacting Entergy
Here are the key news stories impacting Entergy this week:
- Positive Sentiment: KeyBanc reiterated a Buy rating on Entergy and maintained a $118 price target, implying potential upside from recent trading levels. Entergy Receives a Buy from KeyBanc
- Positive Sentiment: KeyCorp made modestly bullish revisions to Entergy’s forecasts: Q3 2026 EPS rose to $1.67 from $1.63, FY2026 EPS increased to $4.40 from $4.39, and FY2027 EPS increased to $5.14 from $5.12. Longer-term estimates also edged higher to $5.77 for FY2028, $6.49 for FY2029 and $7.32 for FY2030. KeyCorp retains an Overweight rating and a $118 target.
- Neutral Sentiment: The revisions point to continued earnings growth, but the FY2026 estimate merely matches the broader consensus of $4.40 per share. KeyCorp’s forecast for FY2027 remains ahead of the current-year outlook, supporting the long-term investment case without creating a major near-term earnings catalyst.
- Negative Sentiment: KeyCorp lowered its Q4 2026 EPS estimate to $0.82 from $0.87, partially offsetting the positive quarterly and long-range changes.
- Negative Sentiment: JPMorgan Chase & Co. cut its price target for Entergy, adding pressure to the shares and signaling more limited near-term upside in that analyst’s view. Entergy Stock Price Target Cut by JPMorgan Chase
- Negative Sentiment: Market commentary highlighted rising-rate headwinds as a key risk for Entergy. Higher interest rates can increase the utility’s borrowing costs and make its dividend yield less attractive relative to bonds, overshadowing solid utility fundamentals and potential data-center-related electricity demand. Rate Headwinds Overshadow Entergy’s Fundamentals
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on ETR. JPMorgan Chase & Co. decreased their price target on shares of Entergy from $137.00 to $130.00 and set an “overweight” rating on the stock in a report on Tuesday. Weiss Ratings cut shares of Entergy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, August 20th. KeyCorp lowered their price objective on shares of Entergy from $123.00 to $118.00 and set an “overweight” rating for the company in a research report on Tuesday. Wall Street Zen downgraded shares of Entergy from a “hold” rating to a “sell” rating in a research note on Sunday, August 9th. Finally, BMO Capital Markets increased their price objective on shares of Entergy from $123.00 to $124.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Seventeen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Entergy currently has an average rating of “Moderate Buy” and an average price target of $120.83.
View Our Latest Stock Analysis on ETR
About Entergy
Entergy Corporation is an integrated energy company that provides electric power and related services through regulated utility subsidiaries. Its operations include electricity generation, transmission and distribution, as well as natural gas distribution and other utility services.
Entergy serves customers across Arkansas, Louisiana, Mississippi and Texas, including the city of New Orleans. The company operates a diverse generation portfolio that includes nuclear, natural gas, renewable and other resources, and it supplies electricity to residential, commercial, industrial and governmental customers.
Founded in 1949 as Middle South Utilities, the company adopted the Entergy name in 1994.
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Want to see what other hedge funds are holding ETR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Entergy Corporation (NYSE:ETR – Free Report).
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