Equitable Holdings Inc. Purchases New Shares in Entergy Corporation $ETR

Equitable Holdings Inc. purchased a new position in Entergy Corporation (NYSE:ETR) during the second quarter, Holdings Channel.com reports. The firm purchased 12,451 shares of the utilities provider’s stock, valued at approximately $1,430,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Pinnacle Wealth Management Advisory Group LLC lifted its stake in Entergy by 3.6% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,623 shares of the utilities provider’s stock valued at $295,000 after buying an additional 90 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in shares of Entergy by 9.2% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,096 shares of the utilities provider’s stock worth $126,000 after acquiring an additional 92 shares in the last quarter. Aristotle Capital Management LLC increased its position in shares of Entergy by 4.4% in the fourth quarter. Aristotle Capital Management LLC now owns 2,280 shares of the utilities provider’s stock worth $211,000 after acquiring an additional 96 shares in the last quarter. Founders Financial Securities LLC raised its holdings in shares of Entergy by 2.5% during the first quarter. Founders Financial Securities LLC now owns 4,094 shares of the utilities provider’s stock valued at $481,000 after acquiring an additional 101 shares during the period. Finally, Rehmann Capital Advisory Group raised its holdings in shares of Entergy by 2.8% during the fourth quarter. Rehmann Capital Advisory Group now owns 3,807 shares of the utilities provider’s stock valued at $352,000 after acquiring an additional 102 shares during the period. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insiders Place Their Bets

In other news, 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 value of $1,170,180.00. Following the transaction, the insider directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp acquired 1,000 shares of Entergy stock in a transaction that occurred on Thursday, August 6th. The shares were purchased at an average cost of $106.08 per share, with a total value of $106,080.00. Following the transaction, the director owned 3,423 shares of the company’s stock, valued at approximately $363,111.84. The trade was a 41.27% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on ETR shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of Entergy in a research note on Wednesday, June 10th. BTIG Research reiterated a “buy” rating and set a $126.00 price objective on shares of Entergy in a research report on Wednesday, June 10th. BMO Capital Markets boosted their target price on shares of Entergy from $123.00 to $124.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Evercore restated an “outperform” rating and issued a $128.00 target price on shares of Entergy in a report on Monday, August 17th. Finally, Mizuho set a $122.00 target price on Entergy and gave the stock an “outperform” rating in a research report on Wednesday, June 10th. Seventeen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $120.84.

Entergy Stock Performance

ETR stock opened at $105.77 on Friday. The firm has a 50 day simple moving average of $111.05 and a 200 day simple moving average of $109.89. Entergy Corporation has a 52 week low of $86.40 and a 52 week high of $118.44. The stock has a market cap of $49.36 billion, a P/E ratio of 27.12, a P/E/G ratio of 1.82 and a beta of 0.50. 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, beating the consensus estimate 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 earned $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Research analysts anticipate that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders 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 is Thursday, August 13th. Entergy’s payout ratio is currently 65.64%.

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.