Shepherd Financial Partners LLC Acquires New Shares in Entergy Corporation $ETR

Shepherd Financial Partners LLC acquired a new position in shares of Entergy Corporation (NYSE:ETR) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 15,494 shares of the utilities provider’s stock, valued at approximately $1,780,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of Entergy by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 58,537,223 shares of the utilities provider’s stock worth $5,410,596,000 after acquiring an additional 589,317 shares during the last quarter. BlackRock Inc. bought a new stake in Entergy in the 2nd quarter valued at about $4,861,376,000. State Street Corp boosted its stake in Entergy by 4.4% during the 4th quarter. State Street Corp now owns 24,356,461 shares of the utilities provider’s stock valued at $2,251,268,000 after purchasing an additional 1,018,503 shares during the period. JPMorgan Chase & Co. grew its position in Entergy by 54.9% in the 4th quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider’s stock worth $2,097,699,000 after purchasing an additional 8,046,287 shares during the last quarter. Finally, Bank of America Corp DE grew its position in Entergy by 5.3% in the 1st quarter. Bank of America Corp DE now owns 17,369,775 shares of the utilities provider’s stock worth $1,951,668,000 after purchasing an additional 870,847 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors.

Entergy Price Performance

NYSE ETR opened at $108.01 on Thursday. The stock has a market capitalization of $50.40 billion, a P/E ratio of 27.69, a P/E/G ratio of 1.85 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 business’s fifty day moving average is $111.73 and its two-hundred day moving average is $109.52. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.70 and a current ratio of 0.91.

Entergy (NYSE:ETR) last released its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.02. The business had revenue of $3.52 billion during the quarter, compared to analyst estimates 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 company posted $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, research analysts forecast that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Dividend Announcement

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

Insider Activity

In other news, Director Ralph Lewis Ropp bought 1,000 shares of the company’s stock in a transaction dated Thursday, August 6th. The shares were acquired at an average cost of $106.08 per share, with a total value of $106,080.00. Following the completion of the transaction, the director directly owned 3,423 shares in the company, valued at approximately $363,111.84. The trade was a 41.27% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Haley Fisackerly sold 10,638 shares of the business’s stock in a transaction that occurred 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 sale, the insider owned 14,182 shares in the company, valued at $1,560,020. This represents 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. 0.21% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ETR shares. Truist Financial set a $122.00 price target on Entergy and gave the company a “buy” rating in a report on Thursday, August 13th. Evercore reissued an “outperform” rating and set a $128.00 target price on shares of Entergy in a research note on Monday. Wells Fargo & Company boosted their price target on shares of Entergy from $123.00 to $128.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. UBS Group reiterated a “buy” rating and issued a $135.00 price objective (up from $131.00) on shares of Entergy in a report on Thursday, April 30th. Finally, Weiss Ratings upgraded shares of Entergy from a “buy (b)” rating to a “buy (b+)” rating in a research note on Wednesday, August 5th. Seventeen analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.