HighTower Advisors LLC Has $9.99 Million Position in Entergy Corporation $ETR

HighTower Advisors LLC cut its position in Entergy Corporation (NYSE:ETR) by 23.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 86,983 shares of the utilities provider’s stock after selling 27,095 shares during the quarter. HighTower Advisors LLC’s holdings in Entergy were worth $9,991,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ETR. Union Savings Bank acquired a new position in shares of Entergy in the 4th quarter valued at $28,000. Bell Investment Advisors Inc bought a new position in Entergy during the second quarter worth about $28,000. Fairway Wealth LLC acquired a new position in Entergy in the first quarter valued at about $30,000. Dynamic Wealth Strategies LLC acquired a new position in Entergy in the first quarter valued at about $30,000. Finally, Pingora Partners LLC bought a new stake in shares of Entergy in the second quarter worth about $30,000. 88.07% of the stock is owned by institutional investors.

Entergy Stock Down 1.1%

ETR opened at $107.30 on Thursday. 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 stock has a fifty day moving average of $109.90 and a 200-day moving average of $110.23. Entergy Corporation has a fifty-two week low of $86.90 and a fifty-two week high of $118.44. The company has a market capitalization of $50.07 billion, a P/E ratio of 27.51, a P/E/G ratio of 2.43 and a beta of 0.49.

Entergy (NYSE:ETR) last issued 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. Entergy had a net margin of 13.40% and a return on equity of 10.53%. The business had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.49 billion. During the same quarter in the previous year, the company earned $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities analysts expect that Entergy Corporation will post 4.4 EPS for the current year.

Entergy Dividend Announcement

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

Insider Buying and Selling at Entergy

In related news, Director Ralph Lewis Ropp bought 1,000 shares of Entergy stock in a transaction dated Thursday, August 6th. The shares were bought at an average cost of $106.08 per share, with a total value of $106,080.00. Following the acquisition, the director owned 3,423 shares in the company, valued at $363,111.84. This trade represents a 41.27% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

ETR has been the subject of several research analyst reports. Truist Financial set a $122.00 price objective on Entergy and gave the company a “buy” rating in a research report on Thursday, August 13th. Morgan Stanley set a $105.00 price target on Entergy and gave the company an “equal weight” rating in a research note on Friday, August 21st. Weiss Ratings lowered Entergy from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, August 20th. Evercore reaffirmed an “outperform” rating and set a $128.00 price objective on shares of Entergy in a research report on Monday, August 17th. Finally, BMO Capital Markets lifted 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. Seventeen research 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, Entergy currently has a consensus rating of “Moderate Buy” and an average target price of $120.84.

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.