Perigon Wealth Management LLC Buys New Holdings in Entergy Corporation $ETR

Perigon Wealth Management LLC purchased a new position in Entergy Corporation (NYSE:ETR) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,651 shares of the utilities provider’s stock, valued at approximately $534,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Brighton Jones LLC lifted its stake in Entergy by 275.6% in the 4th quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock worth $696,000 after purchasing an additional 6,733 shares in the last quarter. Woodline Partners LP increased its stake in 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 acquiring an additional 10,476 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Entergy during the 2nd quarter worth approximately $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 valued at $354,000 after purchasing an additional 193 shares in the last quarter. Finally, Qube Research & Technologies Ltd bought a new position in Entergy during the second quarter valued at $17,225,000. Institutional investors own 88.07% of the company’s stock.

Entergy Stock Performance

Shares of ETR opened at $108.01 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.70 and a debt-to-equity ratio of 1.73. The firm has a market cap of $50.40 billion, a PE ratio of 27.69, a P/E/G ratio of 1.85 and a beta of 0.50. Entergy Corporation has a 12 month low of $86.40 and a 12 month high of $118.44. The stock has a fifty day moving average price of $111.73 and a 200-day moving average price of $109.52.

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

Entergy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors 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 65.64%.

Insider Transactions at Entergy

In related news, Director Ralph Lewis Ropp acquired 1,000 shares of the stock in a transaction on Thursday, August 6th. The shares were acquired at an average price of $106.08 per share, for a total transaction of $106,080.00. Following the transaction, the director owned 3,423 shares in the company, valued at approximately $363,111.84. This trade represents a 41.27% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Haley Fisackerly sold 10,638 shares of the business’s stock in a transaction 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 completion of the transaction, the insider owned 14,182 shares of the company’s stock, valued at approximately $1,560,020. This represents a 42.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

ETR has been the subject of several recent research reports. Evercore reiterated an “outperform” rating and issued a $128.00 price target on shares of Entergy in a research report on Monday. Weiss Ratings raised shares of Entergy from a “buy (b)” rating to a “buy (b+)” rating in a research note on Wednesday, August 5th. BMO Capital Markets boosted their target price on Entergy from $123.00 to $124.00 and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Wells Fargo & Company boosted their price objective on Entergy from $123.00 to $128.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Finally, Citigroup restated a “neutral” rating and issued a $121.00 price target (up from $116.00) on shares of Entergy in a report on Tuesday, May 5th. Seventeen analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $121.05.

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.