Benjamin Edwards Inc. Increases Stake in Entergy Corporation $ETR

Benjamin Edwards Inc. lifted its position in Entergy Corporation (NYSE:ETR) by 325.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 65,982 shares of the utilities provider’s stock after buying an additional 50,470 shares during the period. Benjamin Edwards Inc.’s holdings in Entergy were worth $6,149,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. HB Wealth Management LLC grew its stake in Entergy by 15.2% in the 2nd quarter. HB Wealth Management LLC now owns 22,271 shares of the utilities provider’s stock valued at $1,851,000 after acquiring an additional 2,932 shares during the period. World Investment Advisors lifted its holdings in Entergy by 269.9% during the third quarter. World Investment Advisors now owns 22,384 shares of the utilities provider’s stock valued at $2,086,000 after purchasing an additional 16,332 shares in the last quarter. G&S Capital LLC acquired a new stake in shares of Entergy in the second quarter valued at about $2,557,000. Ameriprise Financial Inc. increased its stake in shares of Entergy by 3.6% during the second quarter. Ameriprise Financial Inc. now owns 13,652,982 shares of the utilities provider’s stock worth $1,134,850,000 after purchasing an additional 479,093 shares in the last quarter. Finally, Soltis Investment Advisors LLC raised its position in shares of Entergy by 5.9% during the 2nd quarter. Soltis Investment Advisors LLC now owns 87,432 shares of the utilities provider’s stock worth $7,267,000 after purchasing an additional 4,834 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on ETR. UBS Group reiterated a “buy” rating and set a $105.00 price objective (up from $96.00) on shares of Entergy in a research note on Wednesday, December 17th. Cowen began coverage on Entergy in a research report on Thursday. They set a “buy” rating for the company. Scotiabank set a $105.00 price objective on Entergy and gave the company an “outperform” rating in a report on Friday, October 3rd. Morgan Stanley set a $91.00 target price on shares of Entergy in a research note on Thursday, November 20th. Finally, Royal Bank Of Canada upgraded shares of Entergy to a “moderate buy” rating in a research report on Tuesday, October 28th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $103.19.

Entergy Stock Up 2.6%

Shares of NYSE:ETR opened at $93.56 on Friday. The company has a market capitalization of $41.79 billion, a price-to-earnings ratio of 23.10, a PEG ratio of 2.04 and a beta of 0.66. Entergy Corporation has a 12-month low of $75.04 and a 12-month high of $98.58. The business has a 50-day moving average price of $94.05 and a 200 day moving average price of $91.12. The company has a current ratio of 0.71, a quick ratio of 0.48 and a debt-to-equity ratio of 1.62.

Entergy (NYSE:ETR) last announced its earnings results on Friday, July 8th. The utilities provider reported $0.71 earnings per share for the quarter. Entergy had a net margin of 14.26% and a return on equity of 11.53%. The company had revenue of $2.37 billion during the quarter. Entergy has set its FY 2025 guidance at 3.850-3.950 EPS. Sell-side analysts expect that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Increases Dividend

The business also recently announced 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 annualized dividend and a yield of 2.7%. Entergy’s payout ratio is 63.21%.

Insider Buying and Selling at Entergy

In other news, Director Ralph Lewis Ropp acquired 1,000 shares of the company’s stock in a transaction dated Wednesday, November 12th. The stock was acquired at an average cost of $96.69 per share, with a total value of $96,690.00. Following the completion of the purchase, the director owned 1,050 shares of the company’s stock, valued at $101,524.50. This represents a 2,000.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, insider Haley Fisackerly sold 5,136 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $96.50, for a total value of $495,624.00. Following the completion of the sale, the insider owned 7,899 shares in the company, valued at $762,253.50. This represents a 39.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 10,179 shares of company stock valued at $981,707 over the last quarter. 0.39% of the stock is owned by company 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.