Provenance Wealth Advisors LLC Acquires New Shares in Entergy Corporation $ETR

Provenance Wealth Advisors LLC acquired a new stake in shares of Entergy Corporation (NYSE:ETR) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 7,369 shares of the utilities provider’s stock, valued at approximately $731,000.

Several other hedge funds have also recently modified their holdings of ETR. Oregon Public Employees Retirement Fund increased its holdings in Entergy by 1.9% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 57,364 shares of the utilities provider’s stock valued at $5,694,000 after acquiring an additional 1,060 shares during the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC lifted its stake in Entergy by 9.8% in the 3rd quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 15,487 shares of the utilities provider’s stock worth $1,537,000 after purchasing an additional 1,379 shares in the last quarter. Signature Equity Partners LLC lifted its stake in Entergy by 23.9% in the 3rd quarter. Signature Equity Partners LLC now owns 627 shares of the utilities provider’s stock worth $62,000 after purchasing an additional 121 shares in the last quarter. Trek Financial LLC purchased a new stake in Entergy in the 3rd quarter worth $5,269,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in Entergy in the 3rd quarter worth $11,629,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Trading Up 2.6%

Shares of NYSE ETR opened at $111.70 on Thursday. Entergy Corporation has a 1-year low of $90.87 and a 1-year high of $118.44. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.18 and a quick ratio of 0.70. The business’s 50 day moving average is $104.63 and its two-hundred day moving average is $107.53. The stock has a market capitalization of $52.12 billion, a P/E ratio of 25.68, a PEG ratio of 2.43 and a beta of 0.44.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Monday, November 2nd. The utilities provider reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.25. The business had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.12 billion. Entergy had a return on equity of 11.44% and a net margin of 14.63%. During the same period last year, the company earned $1.53 EPS. As a group, research analysts expect that Entergy Corporation will post 4.41 EPS for the current year.

Entergy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 13th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, November 13th. This is a boost from Entergy’s previous quarterly dividend of $0.64. Entergy’s payout ratio is currently 62.53%.

Insiders Place Their Bets

In related news, insider Laura Landreaux sold 5,600 shares of the firm’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $106.20, for a total value of $594,720.00. Following the completion of the sale, the insider directly owned 22,589 shares in the company, valued at $2,398,951.80. This trade represents a 19.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

ETR has been the subject of several research reports. BMO Capital Markets dropped their price objective on shares of Entergy from $124.00 to $123.00 and set an “outperform” rating for the company in a report on Thursday, July 30th. Barclays reaffirmed an “overweight” rating and issued a $115.00 target price (down from $128.00) on shares of Entergy in a report on Monday, October 19th. LADENBURG THALM/SH SH decreased their target price on Entergy from $120.50 to $113.50 and set a “buy” rating on the stock in a research report on Monday, October 12th. KeyCorp dropped their price target on Entergy from $123.00 to $118.00 and set an “overweight” rating for the company in a research note on Tuesday, October 13th. Finally, Mizuho dropped their price target on Entergy from $122.00 to $121.00 and set an “outperform” rating for the company in a research note on Thursday, July 30th. Twenty investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $121.57.

Entergy News Summary

Here are the key news stories impacting Entergy this week:

• Positive Sentiment: Wells Fargo initiated or reiterated a Buy view, adding to favorable analyst sentiment. Entergy Receives a Buy from Wells Fargo
• Positive Sentiment: Entergy’s third-quarter results beat expectations: EPS was $1.98 versus a $1.73 consensus, while revenue also exceeded estimates. Coverage cited weather and data-center demand as supports for the longer-term outlook. Earnings beat, data-center demand and outlook
• Positive Sentiment: The company raised its dividend, which may appeal to income-focused investors. Companies that raised dividends
• Neutral Sentiment: Entergy’s 2026 EPS guidance of $4.35–$4.45 is broadly in line with the $4.41 analyst consensus, offering little apparent change to near-term expectations.
• Negative Sentiment: Industrial growth is cooling, and the planned expansion of Meta’s Hyperion data-center project is described as a key test of whether large-load demand can sustain the growth outlook. Meta’s Hyperion expansion is the next test
• Negative Sentiment: The dividend increase also puts cash returns and funding requirements in focus, as investors weigh payouts against Entergy’s capital needs. Dividend increase and funding needs

Entergy Company Profile

Entergy Corporation is an integrated energy company that operates as a regulated electric utility. Through its operating companies, the company generates, transmits and distributes electricity to residential, commercial, industrial and governmental customers. Its generation portfolio includes nuclear, natural gas, renewable and other power resources, while its transmission and distribution networks deliver electricity across its service territories.

Entergy serves customers in Arkansas, Louisiana, Mississippi and Texas, including the New Orleans area through Entergy New Orleans.