Tulsa Wealth Advisors INC Invests $2.41 Million in Entergy Corporation $ETR

Tulsa Wealth Advisors INC purchased a new stake in shares of Entergy Corporation (NYSE:ETR) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 26,104 shares of the utilities provider’s stock, valued at approximately $2,413,000.

Several other large investors have also made changes to their positions in ETR. Brighton Jones LLC lifted its stake in Entergy by 275.6% in 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 last quarter. Woodline Partners LP grew its position in 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 acquiring an additional 10,476 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Entergy during the 2nd quarter worth $6,869,000. Brown Advisory Inc. increased its stake 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 stake in shares of Entergy in the 2nd quarter valued at $17,225,000. Institutional investors own 88.07% of the company’s stock.

Entergy Trading Down 0.0%

Entergy stock opened at $111.08 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 business’s 50-day simple moving average is $112.13 and its 200-day simple moving average is $103.93. The firm has a market capitalization of $50.86 billion, a PE ratio of 28.34, a PEG ratio of 1.90 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 issued its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. Entergy had a return on equity of 10.75% and a net margin of 13.48%.The company had revenue of $3.19 billion during the quarter, compared to analyst estimates of $2.89 billion. During the same period in the previous year, the company earned $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities research analysts forecast that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 1st were paid a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 2.3%. The ex-dividend date was Friday, May 1st. Entergy’s dividend payout ratio is presently 65.31%.

Insiders Place Their Bets

In other Entergy news, insider Haley Fisackerly sold 10,638 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total value of $1,170,180.00. Following the completion of the sale, the insider directly owned 14,182 shares of the company’s stock, valued at $1,560,020. This represents a 42.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ETR. BMO Capital Markets set a $123.00 price objective on shares of Entergy in a report on Wednesday, June 10th. Truist Financial set a $127.00 target price on Entergy and gave the company a “buy” rating in a report on Friday, May 29th. Argus boosted their price target on Entergy from $100.00 to $118.00 and gave the stock a “buy” rating in a research report on Monday, April 6th. Jefferies Financial Group reiterated a “buy” rating on shares of Entergy in a research note on Wednesday, June 10th. Finally, Mizuho set a $122.00 price objective on Entergy and gave the company an “outperform” rating in a report on Wednesday, June 10th. Seventeen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Entergy presently has a consensus rating of “Moderate Buy” and an average 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.