Ferguson Wellman Capital Management Inc. Acquires 64,037 Shares of Entergy Corporation $ETR

Ferguson Wellman Capital Management Inc. increased its holdings in Entergy Corporation (NYSE:ETR) by 5.2% in the third quarter, Holdings Channel reports. The institutional investor owned 1,299,428 shares of the utilities provider’s stock after buying an additional 64,037 shares during the period. Entergy makes up 2.0% of Ferguson Wellman Capital Management Inc.’s holdings, making the stock its 12th largest holding. Ferguson Wellman Capital Management Inc.’s holdings in Entergy were worth $121,094,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Kingswood Wealth Advisors LLC bought a new position in Entergy during the 3rd quarter worth $239,000. Benjamin Edwards Inc. increased its position in shares of Entergy by 325.4% in the third quarter. Benjamin Edwards Inc. now owns 65,982 shares of the utilities provider’s stock worth $6,149,000 after purchasing an additional 50,470 shares during the period. United Asset Strategies Inc. raised its stake in Entergy by 2.6% in the third quarter. United Asset Strategies Inc. now owns 140,404 shares of the utilities provider’s stock valued at $13,084,000 after purchasing an additional 3,576 shares in the last quarter. SG Americas Securities LLC lifted its position in Entergy by 246.2% during the third quarter. SG Americas Securities LLC now owns 136,162 shares of the utilities provider’s stock worth $12,689,000 after purchasing an additional 96,827 shares during the period. Finally, Moran Wealth Management LLC grew its stake in Entergy by 15.9% during the third 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. 88.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on ETR shares. Morgan Stanley set a $91.00 target price on shares of Entergy in a research report on Thursday, November 20th. Wells Fargo & Company upgraded shares of Entergy to a “strong-buy” rating in a research report on Tuesday, October 28th. Royal Bank Of Canada raised Entergy to a “moderate buy” rating in a report on Tuesday, October 28th. Scotiabank set a $105.00 price target on Entergy and gave the stock an “outperform” rating in a report on Friday, October 3rd. Finally, BMO Capital Markets restated an “outperform” rating and set a $104.00 price objective (up from $96.00) on shares of Entergy in a research report on Tuesday, October 14th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.91.

Entergy Stock Down 0.2%

Shares of NYSE:ETR opened at $91.14 on Friday. Entergy Corporation has a 52-week low of $75.04 and a 52-week high of $98.58. The company has a market capitalization of $40.70 billion, a PE ratio of 22.50, a price-to-earnings-growth ratio of 2.04 and a beta of 0.66. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.48 and a current ratio of 0.71. The company has a fifty day moving average of $94.10 and a 200-day moving average of $91.04.

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

Entergy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Thursday, November 13th were issued a $0.64 dividend. This is a boost from Entergy’s previous quarterly dividend of $0.60. The ex-dividend date was Thursday, November 13th. This represents a $2.56 dividend on an annualized basis and a yield of 2.8%. Entergy’s dividend payout ratio (DPR) is 63.21%.

Insider Buying and Selling

In other news, insider Haley Fisackerly sold 5,136 shares of Entergy stock in a transaction 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 transaction, the insider owned 7,899 shares in the company, valued at approximately $762,253.50. The trade was a 39.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Anastasia Minor sold 5,000 shares of the business’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $96.39, for a total transaction of $481,950.00. Following the completion of the sale, the insider directly owned 10,122 shares in the company, valued at approximately $975,659.58. This represents a 33.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 10,179 shares of company stock worth $981,707 in the last ninety days. Company insiders own 0.39% of the company’s stock.

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.