Patriot Financial Group Insurance Agency LLC Buys 6,128 Shares of Entergy Corporation $ETR

Patriot Financial Group Insurance Agency LLC increased its stake in shares of Entergy Corporation (NYSE:ETR) by 37.5% in the 1st quarter, Holdings Channel reports. The firm owned 22,466 shares of the utilities provider’s stock after buying an additional 6,128 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Entergy were worth $2,524,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ETR. Brighton Jones LLC raised its stake in Entergy by 275.6% during the 4th quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock valued at $696,000 after buying an additional 6,733 shares during the last quarter. Woodline Partners LP boosted its stake in shares of Entergy by 40.7% in the 1st quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider’s stock worth $3,097,000 after buying an additional 10,476 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of Entergy in the 2nd quarter worth $6,869,000. Brown Advisory Inc. grew its holdings in shares of Entergy by 4.8% in the second quarter. Brown Advisory Inc. now owns 4,254 shares of the utilities provider’s stock worth $354,000 after acquiring an additional 193 shares during the period. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Entergy in the second quarter worth $17,225,000. Institutional investors own 88.07% of the company’s stock.

Entergy Stock Performance

NYSE:ETR opened at $115.91 on Monday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.73 and a current ratio of 0.96. The stock has a 50-day simple moving average of $111.97 and a two-hundred day simple moving average of $104.73. The firm has a market capitalization of $53.07 billion, a PE ratio of 29.57, a P/E/G ratio of 1.98 and a beta of 0.50. Entergy Corporation has a 52-week low of $80.11 and a 52-week high of $118.44.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $0.86 EPS for the quarter, topping 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 the consensus estimate of $2.89 billion. During the same quarter last year, the company earned $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Analysts forecast that Entergy Corporation will post 4.4 EPS for the current year.

Entergy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 1st were paid a dividend of $0.64 per share. The ex-dividend date was Friday, May 1st. This represents a $2.56 dividend on an annualized basis and a yield of 2.2%. Entergy’s dividend payout ratio (DPR) is presently 65.31%.

Insiders Place Their Bets

In other Entergy news, insider Haley Fisackerly sold 10,638 shares of Entergy 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 transaction, the insider owned 14,182 shares of the company’s stock, valued at $1,560,020. The trade was a 42.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ETR has been the topic of a number of recent research reports. Truist Financial set a $127.00 target price on Entergy and gave the company a “buy” rating in a report on Friday, May 29th. Mizuho set a $122.00 price target on Entergy and gave the company an “outperform” rating in a research note on Wednesday, June 10th. Morgan Stanley set a $94.00 price objective on shares of Entergy in a research note on Thursday, May 21st. Scotiabank reissued a “sector outperform” rating on shares of Entergy in a report on Wednesday, June 10th. Finally, Weiss Ratings upgraded shares of Entergy from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, May 14th. Seventeen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Entergy presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.68.

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.