Waverly Advisors LLC Purchases 6,175 Shares of Entergy Corporation $ETR

Waverly Advisors LLC lifted its position in shares of Entergy Corporation (NYSE:ETR) by 47.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,314 shares of the utilities provider’s stock after purchasing an additional 6,175 shares during the period. Waverly Advisors LLC’s holdings in Entergy were worth $2,218,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. California State Teachers Retirement System increased its position in Entergy by 11,763.2% during the second quarter. California State Teachers Retirement System now owns 61,144,343 shares of the utilities provider’s stock worth $7,023,039,000 after buying an additional 60,628,930 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of Entergy in the second quarter valued at approximately $4,861,376,000. Bank of America Corp DE bought a new position in shares of Entergy during the 2nd quarter worth approximately $1,991,669,000. JPMorgan Chase & Co. boosted its stake in shares of Entergy by 54.9% during the 4th quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider’s stock worth $2,097,699,000 after acquiring an additional 8,046,287 shares during the period. Finally, Norges Bank bought a new position in shares of Entergy during the 4th quarter worth approximately $528,313,000. 88.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ETR has been the subject of several research reports. Mizuho set a $122.00 price target on Entergy and gave the company an “outperform” rating in a report on Wednesday, June 10th. JPMorgan Chase & Co. upped their price objective on shares of Entergy from $129.00 to $139.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Truist Financial set a $122.00 price objective on shares of Entergy and gave the company a “buy” rating in a research report on Thursday, August 13th. Morgan Stanley set a $105.00 target price on shares of Entergy and gave the stock an “equal weight” rating in a research note on Friday, August 21st. Finally, Wall Street Zen downgraded shares of Entergy from a “hold” rating to a “sell” rating in a report on Sunday, August 9th. Seventeen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $120.84.

Entergy Price Performance

NYSE:ETR opened at $105.34 on Friday. Entergy Corporation has a 52 week low of $87.38 and a 52 week high of $118.44. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.70 and a current ratio of 0.91. The firm’s 50-day simple moving average is $109.52 and its 200 day simple moving average is $110.21. The firm has a market cap of $49.16 billion, a price-to-earnings ratio of 27.01, a P/E/G ratio of 2.36 and a beta of 0.49.

Entergy (NYSE:ETR) last announced its earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.02. Entergy had a net margin of 13.40% and a return on equity of 10.53%. The firm had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.49 billion. During the same quarter in the prior year, the business posted $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, sell-side analysts predict that Entergy Corporation will post 4.39 earnings per share for the current year.

Entergy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Thursday, August 13th were given a dividend of $0.64 per share. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $2.56 dividend on an annualized basis and a yield of 2.4%. Entergy’s dividend payout ratio is currently 65.64%.

Insiders Place Their Bets

In other Entergy 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 transaction of $594,720.00. Following the transaction, the insider owned 22,589 shares in the company, valued at $2,398,951.80. This trade represents a 19.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ralph Lewis Ropp acquired 1,000 shares of the company’s stock in a transaction on Thursday, August 6th. The stock was bought at an average cost of $106.08 per share, with a total value of $106,080.00. Following the completion of the acquisition, the director directly owned 3,423 shares in the company, valued at approximately $363,111.84. This represents a 41.27% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.21% of the stock is owned by company insiders.

Entergy Company Profile

Entergy Corporation is an integrated energy company headquartered in New Orleans, Louisiana. Through its regulated utility subsidiaries, the company generates, transmits, distributes and sells electricity to residential, commercial, industrial and governmental customers. Entergy also operates natural gas distribution businesses in parts of its service territory and provides related energy services.

Entergy serves customers across Arkansas, Louisiana, Mississippi and portions of Texas, including the greater New Orleans area.