Benjamin Edwards Inc. Grows Position in Entergy Corporation $ETR

Benjamin Edwards Inc. raised its stake in shares of Entergy Corporation (NYSE:ETR) by 325.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 65,982 shares of the utilities provider’s stock after purchasing an additional 50,470 shares during the period. Benjamin Edwards Inc.’s holdings in Entergy were worth $6,149,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in ETR. United Asset Strategies Inc. raised its stake in Entergy by 2.6% during the 3rd quarter. United Asset Strategies Inc. now owns 140,404 shares of the utilities provider’s stock worth $13,084,000 after acquiring an additional 3,576 shares during the period. SG Americas Securities LLC boosted its holdings in Entergy by 246.2% in the 3rd quarter. SG Americas Securities LLC now owns 136,162 shares of the utilities provider’s stock worth $12,689,000 after buying an additional 96,827 shares during the period. Moran Wealth Management LLC increased its stake in Entergy by 15.9% in the 3rd quarter. Moran Wealth Management LLC now owns 4,124 shares of the utilities provider’s stock worth $384,000 after buying an additional 567 shares in the last quarter. Childress Capital Advisors LLC raised its holdings in Entergy by 19.8% during the third quarter. Childress Capital Advisors LLC now owns 8,098 shares of the utilities provider’s stock valued at $755,000 after acquiring an additional 1,339 shares during the period. Finally, Cigna Investments Inc. New lifted its position in shares of Entergy by 3.5% in the third quarter. Cigna Investments Inc. New now owns 4,331 shares of the utilities provider’s stock valued at $404,000 after acquiring an additional 147 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Haley Fisackerly sold 5,136 shares of Entergy stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $96.50, for a total transaction of $495,624.00. Following the completion of the sale, the insider owned 7,899 shares of the company’s stock, valued at approximately $762,253.50. The trade was a 39.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ralph Lewis Ropp purchased 1,000 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was purchased at an average price of $96.69 per share, with a total value of $96,690.00. Following the acquisition, the director directly owned 1,050 shares of the company’s stock, valued at $101,524.50. This trade represents a 2,000.00% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders sold 10,179 shares of company stock valued at $981,707. 0.39% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ETR has been the topic of several recent analyst reports. Royal Bank Of Canada raised Entergy to a “moderate buy” rating in a research note on Tuesday, October 28th. Wall Street Zen lowered shares of Entergy from a “hold” rating to a “sell” rating in a report on Monday, December 22nd. Bank of America boosted their target price on shares of Entergy from $88.00 to $97.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. Barclays set a $100.00 target price on shares of Entergy and gave the company an “overweight” rating in a research note on Monday, October 6th. Finally, BTIG Research upgraded shares of Entergy to a “strong-buy” rating in a report on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Entergy has a consensus rating of “Moderate Buy” and a consensus price target of $103.19.

Entergy Trading Up 2.6%

Shares of ETR opened at $93.56 on Friday. Entergy Corporation has a twelve month low of $75.04 and a twelve month high of $98.58. The company has a market cap of $41.79 billion, a P/E ratio of 23.10, a P/E/G ratio of 2.04 and a beta of 0.66. The company has a current ratio of 0.71, a quick ratio of 0.48 and a debt-to-equity ratio of 1.62. The company’s fifty day simple moving average is $94.05 and its 200-day simple moving average is $91.12.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Friday, July 8th. The utilities provider reported $0.71 EPS for the quarter. The company had revenue of $2.37 billion for the quarter. Entergy had a net margin of 14.26% and a return on equity of 11.53%. Entergy has set its FY 2025 guidance at 3.850-3.950 EPS. As a group, analysts expect that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Thursday, November 13th were given a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 2.7%. This is a positive change from Entergy’s previous quarterly dividend of $0.60. The ex-dividend date was Thursday, November 13th. Entergy’s dividend payout ratio is 63.21%.

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.