Empirical Financial Services LLC d.b.a. Empirical Wealth Management Acquires 11,560 Shares of Entergy Corporation $ETR

Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in shares of Entergy Corporation (NYSE:ETR) by 37.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,418 shares of the utilities provider’s stock after buying an additional 11,560 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Entergy were worth $3,953,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in Entergy during the 2nd quarter worth approximately $468,628,000. Boston Partners boosted its position in shares of Entergy by 114.9% during the second quarter. Boston Partners now owns 6,940,628 shares of the utilities provider’s stock valued at $578,531,000 after buying an additional 3,710,814 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Entergy by 3.0% during the second quarter. Vanguard Group Inc. now owns 56,459,668 shares of the utilities provider’s stock valued at $4,692,928,000 after buying an additional 1,630,674 shares during the last quarter. Mizuho Markets Americas LLC bought a new stake in Entergy during the third quarter worth $135,396,000. Finally, State Street Corp raised its position in Entergy by 4.5% in the 2nd quarter. State Street Corp now owns 22,920,881 shares of the utilities provider’s stock valued at $1,905,184,000 after buying an additional 981,750 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Stock Up 0.7%

ETR opened at $104.01 on Friday. Entergy Corporation has a twelve month low of $75.57 and a twelve month high of $106.71. The company’s 50-day moving average price is $95.78 and its two-hundred day moving average price is $93.87. The stock has a market cap of $46.45 billion, a price-to-earnings ratio of 26.60, a PEG ratio of 2.06 and a beta of 0.65. The company has a quick ratio of 0.48, a current ratio of 0.71 and a debt-to-equity ratio of 1.62.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Thursday, February 12th. The utilities provider reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). Entergy had a return on equity of 11.04% and a net margin of 13.66%.The company had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same period last year, the firm posted $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, equities analysts expect that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ETR shares. Morgan Stanley set a $98.00 price objective on shares of Entergy in a report on Friday. Wall Street Zen cut shares of Entergy from a “hold” rating to a “sell” rating in a report on Sunday. UBS Group reaffirmed a “buy” rating and issued a $105.00 price objective (up from $96.00) on shares of Entergy in a research report on Wednesday, December 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Entergy in a research report on Thursday, January 22nd. Finally, Mizuho set a $112.00 target price on Entergy in a report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $106.11.

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.