WealthShield Partners LLC Makes New Investment in Entergy Corporation $ETR

WealthShield Partners LLC bought a new position in shares of Entergy Corporation (NYSE:ETR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 11,438 shares of the utilities provider’s stock, valued at approximately $1,057,000.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Scotiabank restated an “outperform” rating and issued a $129.00 price objective (up from $114.00) on shares of Entergy in a report on Thursday, April 30th. Wells Fargo & Company lifted their price target on shares of Entergy from $123.00 to $128.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Seaport Research Partners lowered shares of Entergy from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. BMO Capital Markets lifted their price objective on shares of Entergy from $118.00 to $127.00 and gave the company an “outperform” rating in a research note on Monday, April 13th. Finally, Argus lifted their price objective on shares of Entergy from $100.00 to $118.00 and gave the company a “buy” rating in a research note on Monday, April 6th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Entergy presently has a consensus rating of “Moderate Buy” and an average price target of $118.11.

Entergy Trading Down 0.9%

NYSE ETR opened at $111.92 on Friday. 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 firm has a market cap of $51.25 billion, a PE ratio of 28.55, a P/E/G ratio of 2.23 and a beta of 0.54. Entergy Corporation has a one year low of $79.40 and a one year high of $118.44. The firm’s fifty day moving average is $109.94 and its two-hundred day moving average is $100.76.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.02. The company had revenue of $3.19 billion for the quarter, compared to analyst estimates of $2.89 billion. Entergy had a net margin of 13.48% and a return on equity of 10.75%. During the same period in the previous year, the business posted $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Analysts expect that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 1st will be issued a $0.64 dividend. The ex-dividend date of this dividend is Friday, May 1st. This represents a $2.56 annualized dividend and a dividend yield of 2.3%. Entergy’s payout ratio is presently 65.31%.

Insider Buying and Selling at Entergy

In other news, EVP John C. Dinelli sold 5,372 shares of Entergy stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $103.95, for a total value of $558,419.40. Following the sale, the executive vice president owned 23,609 shares of the company’s stock, valued at $2,454,155.55. The trade was a 18.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.21% of the stock is currently owned by insiders.

About Entergy

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.