HB Wealth Management LLC Buys 2,932 Shares of Entergy Corporation $ETR

HB Wealth Management LLC raised its stake in shares of Entergy Corporation (NYSE:ETR) by 15.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,271 shares of the utilities provider’s stock after acquiring an additional 2,932 shares during the period. HB Wealth Management LLC’s holdings in Entergy were worth $1,851,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Entergy by 5.2% during the 1st quarter. Vanguard Group Inc. now owns 54,828,994 shares of the utilities provider’s stock valued at $4,687,331,000 after acquiring an additional 2,695,348 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Entergy by 2.2% during the 1st quarter. Ameriprise Financial Inc. now owns 13,173,889 shares of the utilities provider’s stock worth $1,126,244,000 after purchasing an additional 289,468 shares during the period. Northern Trust Corp raised its stake in shares of Entergy by 3.4% during the 1st quarter. Northern Trust Corp now owns 4,333,701 shares of the utilities provider’s stock worth $370,488,000 after purchasing an additional 143,187 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Entergy by 15.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,326,466 shares of the utilities provider’s stock worth $284,380,000 after purchasing an additional 454,059 shares during the period. Finally, Boston Partners raised its stake in shares of Entergy by 0.4% during the 1st quarter. Boston Partners now owns 3,229,814 shares of the utilities provider’s stock worth $276,101,000 after purchasing an additional 14,068 shares during the period. 88.07% of the stock is currently owned by institutional investors.

Entergy Trading Up 0.2%

Shares of ETR opened at $93.55 on Friday. The business has a 50-day moving average of $89.58 and a 200 day moving average of $85.19. Entergy Corporation has a fifty-two week low of $64.38 and a fifty-two week high of $94.31. The firm has a market cap of $41.76 billion, a P/E ratio of 23.30, a price-to-earnings-growth ratio of 2.54 and a beta of 0.62. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.52 and a current ratio of 0.80.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.14. Entergy had a return on equity of 11.52% and a net margin of 14.35%.The company had revenue of $3.02 billion during the quarter, compared to analyst estimates of $3.11 billion. During the same quarter last year, the firm posted $1.92 EPS. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. As a group, research analysts forecast that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 13th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Wednesday, August 13th. Entergy’s payout ratio is presently 59.85%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on ETR shares. KeyCorp reiterated an “overweight” rating and set a $96.00 target price (up from $88.00) on shares of Entergy in a research note on Thursday, July 31st. Raymond James Financial started coverage on Entergy in a research note on Friday, June 13th. They set a “market perform” rating on the stock. Jefferies Financial Group started coverage on Entergy in a research note on Thursday, September 4th. They set a “buy” rating and a $109.00 target price on the stock. Barclays lowered their target price on Entergy from $91.00 to $87.00 and set an “overweight” rating on the stock in a research note on Thursday, July 10th. Finally, JPMorgan Chase & Co. lifted their target price on Entergy from $102.00 to $103.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Eleven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.80.

Insiders Place Their Bets

In other Entergy news, insider Haley Fisackerly sold 4,463 shares of Entergy stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $90.50, for a total transaction of $403,901.50. Following the completion of the transaction, the insider owned 3,318 shares of the company’s stock, valued at $300,279. The trade was a 57.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.39% of the stock is owned by insiders.

About Entergy

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.