6,268 Shares in Entergy Corporation $ETR Acquired by HBK Sorce Advisory LLC

HBK Sorce Advisory LLC bought a new position in shares of Entergy Corporation (NYSE:ETR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 6,268 shares of the utilities provider’s stock, valued at approximately $670,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ETR. Tulsa Wealth Advisors INC acquired a new stake in shares of Entergy in the second quarter valued at $2,532,000. Northstar Financial Companies Inc. acquired a new position in Entergy during the 2nd quarter worth $219,000. Flputnam Investment Management Co. purchased a new stake in Entergy during the 2nd quarter worth about $859,000. Global Retirement Partners LLC purchased a new stake in Entergy during the 2nd quarter worth about $2,767,000. Finally, 1ST Source Bank acquired a new stake in Entergy in the 2nd quarter valued at about $261,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insider Activity at Entergy

In related news, Director Ralph Lewis Ropp acquired 1,000 shares of Entergy stock in a transaction dated Thursday, August 6th. The stock was 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 of the company’s stock, valued at $363,111.84. This represents a 41.27% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Haley Fisackerly sold 10,638 shares of the company’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. The trade was a 42.86% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.21% of the company’s stock.

Entergy Stock Up 0.6%

Shares of NYSE ETR opened at $108.52 on Tuesday. The business has a 50-day moving average of $111.80 and a two-hundred day moving average of $109.35. The company has a market capitalization of $50.64 billion, a price-to-earnings ratio of 27.83, a price-to-earnings-growth ratio of 1.84 and a beta of 0.50. Entergy Corporation has a 1 year low of $86.40 and a 1 year high of $118.44. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.91 and a quick ratio of 0.70.

Entergy (NYSE:ETR) last released its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.02. Entergy had a return on equity of 10.53% and a net margin of 13.40%.The business had revenue of $3.52 billion for the quarter, compared to the consensus estimate 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. On average, analysts forecast that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ETR shares. Citigroup reiterated 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. Mizuho set a $122.00 target price on shares of Entergy and gave the company an “outperform” rating in a report on Wednesday, June 10th. Truist Financial set a $122.00 price target on shares of Entergy and gave the stock a “buy” rating in a research note on Thursday. KeyCorp reiterated an “overweight” rating and set a $123.00 price target (up from $118.00) on shares of Entergy in a report on Tuesday, April 21st. Finally, Wells Fargo & Company increased their price objective on shares of Entergy from $123.00 to $128.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Seventeen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.05.

Entergy Company 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.