Sanctuary Advisors LLC Buys New Stake in Entergy Corporation $ETR

Sanctuary Advisors LLC bought a new position in Entergy Corporation (NYSE:ETR) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 115,909 shares of the utilities provider’s stock, valued at approximately $13,313,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ETR. Brighton Jones LLC boosted its holdings in Entergy by 275.6% during the fourth quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock valued at $696,000 after acquiring an additional 6,733 shares during the period. Woodline Partners LP increased its stake in shares of Entergy by 40.7% in the first quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider’s stock worth $3,097,000 after purchasing an additional 10,476 shares during the period. Marshall Wace LLP bought a new position in shares of Entergy in the second quarter worth about $6,869,000. Brown Advisory Inc. lifted its position in shares of Entergy by 4.8% during the 2nd quarter. Brown Advisory Inc. now owns 4,254 shares of the utilities provider’s stock worth $354,000 after purchasing an additional 193 shares during the last quarter. Finally, Qube Research & Technologies Ltd acquired a new position in shares of Entergy during the 2nd quarter worth about $17,225,000. 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 research analyst reports. BTIG Research reaffirmed a “buy” rating and issued a $126.00 target price on shares of Entergy in a report on Wednesday, June 10th. Morgan Stanley set a $105.00 price target on Entergy and gave the stock an “equal weight” rating in a report on Friday. JPMorgan Chase & Co. increased their price objective on Entergy from $129.00 to $139.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Citigroup restated a “neutral” rating and issued a $121.00 price objective (up from $116.00) on shares of Entergy in a research note on Tuesday, May 5th. Finally, BMO Capital Markets boosted their target price on shares of Entergy from $123.00 to $124.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. Seventeen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $120.84.

Insider Buying and Selling

In other news, insider Haley Fisackerly sold 10,638 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $110.00, for a total transaction of $1,170,180.00. Following the sale, the insider directly 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. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp bought 1,000 shares of the business’s stock in a transaction that occurred on 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 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 disclosure for this purchase is available in the SEC filing. Insiders own 0.21% of the company’s stock.

Entergy Stock Down 0.1%

NYSE ETR opened at $104.56 on Monday. Entergy Corporation has a twelve month low of $86.40 and a twelve month high of $118.44. The stock has a market cap of $48.79 billion, a PE ratio of 26.81, a PEG ratio of 1.79 and a beta of 0.50. The firm has a 50-day simple moving average of $111.55 and a 200 day simple moving average of $109.66. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.70 and a current ratio of 0.91.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.02. The firm had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.49 billion. Entergy had a return on equity of 10.53% and a net margin of 13.40%.During the same period in the previous year, the company posted $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, research analysts forecast that Entergy Corporation will post 4.4 EPS for the current year.

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th will be issued a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, August 13th. Entergy’s dividend payout ratio (DPR) is presently 65.64%.

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.