Dynasty Wealth Management LLC Invests $1.39 Million in Entergy Corporation $ETR

Dynasty Wealth Management LLC purchased a new stake in Entergy Corporation (NYSE:ETR) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 14,933 shares of the utilities provider’s stock, valued at approximately $1,392,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital A Wealth Management LLC lifted its stake in shares of Entergy by 5,466.7% in the 2nd quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 328 shares during the last quarter. GoalVest Advisory LLC raised its holdings in Entergy by 5,733.3% during the 2nd quarter. GoalVest Advisory LLC now owns 350 shares of the utilities provider’s stock valued at $29,000 after buying an additional 344 shares during the period. Atlantic Union Bankshares Corp bought a new stake in Entergy in the second quarter worth $30,000. Legacy Investment Solutions LLC purchased a new position in Entergy during the second quarter worth $31,000. Finally, Mountain Hill Investment Partners Corp. bought a new position in Entergy during the third quarter valued at $43,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Stock Performance

ETR stock opened at $94.74 on Wednesday. Entergy Corporation has a 1-year low of $75.55 and a 1-year high of $98.58. The business has a 50-day moving average price of $93.85 and a 200 day moving average price of $91.88. The company has a market capitalization of $42.31 billion, a P/E ratio of 23.39, a PEG ratio of 2.15 and a beta of 0.66. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.71 and a quick ratio of 0.48.

Entergy (NYSE:ETR) last issued its earnings results on Wednesday, October 29th. The utilities provider reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.21. Entergy had a net margin of 14.26% and a return on equity of 11.53%. The company had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $3.58 billion. During the same period in the prior year, the business earned $2.99 EPS. Entergy has set its FY 2025 guidance at 3.850-3.950 EPS. As a group, equities research analysts forecast that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Thursday, November 13th were issued a dividend of $0.64 per share. This is an increase from Entergy’s previous quarterly dividend of $0.60. This represents a $2.56 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Thursday, November 13th. Entergy’s dividend payout ratio (DPR) is currently 63.21%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ETR. Wall Street Zen cut shares of Entergy from a “hold” rating to a “sell” rating in a research note on Monday, December 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Entergy in a research report on Wednesday, October 8th. UBS Group reiterated a “buy” rating and issued a $105.00 price target (up from $96.00) on shares of Entergy in a report on Wednesday, December 17th. Royal Bank Of Canada raised Entergy to a “moderate buy” rating in a research note on Tuesday, October 28th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $104.00 price objective (up previously from $96.00) on shares of Entergy in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $104.03.

Insider Buying and Selling at Entergy

In other news, insider Haley Fisackerly sold 5,136 shares of Entergy stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $96.50, for a total value of $495,624.00. Following the transaction, the insider directly owned 7,899 shares in the company, valued at approximately $762,253.50. This trade represents a 39.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Anastasia Minor sold 5,000 shares of the company’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $96.39, for a total value of $481,950.00. Following the sale, the insider owned 10,122 shares of the company’s stock, valued at $975,659.58. This trade represents a 33.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 10,179 shares of company stock valued at $981,707. 0.47% of the stock is currently owned by corporate insiders.

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.