NewEdge Wealth LLC Makes New Investment in Entergy Corporation $ETR

NewEdge Wealth LLC purchased a new stake in shares of Entergy Corporation (NYSE:ETR) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 9,549 shares of the utilities provider’s stock, valued at approximately $919,000.

Several other institutional investors have also recently made changes to their positions in the business. Essex Financial Services Inc. purchased a new stake in Entergy during the third quarter valued at approximately $282,000. Syon Capital LLC increased its stake in shares of Entergy by 16.4% in the 3rd quarter. Syon Capital LLC now owns 4,757 shares of the utilities provider’s stock worth $443,000 after purchasing an additional 670 shares in the last quarter. Beirne Wealth Consulting Services LLC purchased a new stake in shares of Entergy in the 3rd quarter worth $256,000. Crestwood Advisors Group LLC raised its holdings in Entergy by 3.5% in the 3rd quarter. Crestwood Advisors Group LLC now owns 6,808 shares of the utilities provider’s stock worth $634,000 after purchasing an additional 233 shares during the period. Finally, NEOS Investment Management LLC lifted its position in Entergy by 32.3% during the third quarter. NEOS Investment Management LLC now owns 116,575 shares of the utilities provider’s stock valued at $10,864,000 after purchasing an additional 28,488 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

Entergy Price Performance

Shares of NYSE:ETR opened at $104.01 on Monday. The firm has a market cap of $47.12 billion, a price-to-earnings ratio of 26.60, a P/E/G ratio of 2.06 and a beta of 0.65. The firm has a fifty day moving average price of $95.78 and a 200 day moving average price of $93.89. Entergy Corporation has a fifty-two week low of $75.57 and a fifty-two week high of $106.71. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.51 and a current ratio of 0.74.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Thursday, February 12th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). Entergy had a net margin of 13.66% and a return on equity of 10.89%. The company had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the prior year, the firm posted $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, sell-side analysts expect that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Monday, February 9th will be issued a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 2.5%. The ex-dividend date is Monday, February 9th. Entergy’s dividend payout ratio (DPR) is currently 65.47%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ETR shares. UBS Group reaffirmed a “buy” rating and issued a $105.00 price objective (up previously from $96.00) on shares of Entergy in a research note on Wednesday, December 17th. Wall Street Zen lowered shares of Entergy from a “hold” rating to a “sell” rating in a report on Sunday. Barclays set a $96.00 price target on shares of Entergy and gave the company an “overweight” rating in a report on Thursday, January 15th. Evercore increased their price objective on shares of Entergy from $98.00 to $101.00 and gave the stock an “in-line” rating in a research note on Thursday, October 30th. Finally, Morgan Stanley set a $98.00 target price on shares of Entergy in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Entergy has a consensus rating of “Moderate Buy” and an average price target of $106.11.

About Entergy

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.