Calton & Associates Inc. Invests $490,000 in Entergy Corporation $ETR

Calton & Associates Inc. bought a new position in shares of Entergy Corporation (NYSE:ETR) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 5,297 shares of the utilities provider’s stock, valued at approximately $490,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. United Community Bank raised its position in shares of Entergy by 806.7% during the 4th quarter. United Community Bank now owns 272 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 242 shares in the last quarter. Washington Trust Advisors Inc. increased its position in Entergy by 119.4% during the fourth quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock worth $26,000 after buying an additional 154 shares during the period. Physician Wealth Advisors Inc. increased its position in Entergy by 56.9% during the third quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock worth $30,000 after buying an additional 115 shares during the period. Hantz Financial Services Inc. increased its position in Entergy by 150.4% during the third quarter. Hantz Financial Services Inc. now owns 323 shares of the utilities provider’s stock worth $30,000 after buying an additional 194 shares during the period. Finally, Valley National Advisers Inc. increased its position in Entergy by 306.0% during the fourth quarter. Valley National Advisers Inc. now owns 341 shares of the utilities provider’s stock worth $31,000 after buying an additional 257 shares during the period. Institutional investors and hedge funds own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Citigroup reaffirmed a “neutral” rating and set a $121.00 price target (up from $116.00) on shares of Entergy in a research report on Tuesday, May 5th. KeyCorp reaffirmed an “overweight” rating and set a $123.00 price target (up from $118.00) on shares of Entergy in a research report on Tuesday, April 21st. JPMorgan Chase & Co. lifted their price target on Entergy from $126.00 to $129.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Jefferies Financial Group reaffirmed a “buy” rating and set a $131.00 price target (up from $114.00) on shares of Entergy in a research report on Monday, April 20th. Finally, Evercore set a $115.00 price target on Entergy in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $118.58.

Entergy Trading Up 1.3%

Shares of ETR stock opened at $108.97 on Thursday. The business’s 50 day moving average is $112.17 and its two-hundred day moving average is $102.71. Entergy Corporation has a twelve month low of $80.11 and a twelve month high of $118.44. The company has a market capitalization of $49.90 billion, a P/E ratio of 27.80, a price-to-earnings-growth ratio of 1.84 and a beta of 0.50. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 1.80.

Entergy (NYSE:ETR) last announced its earnings results on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.02. Entergy had a return on equity of 10.75% and a net margin of 13.48%.The company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same period last year, the business posted $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities analysts forecast that Entergy Corporation will post 4.4 EPS for the current year.

Entergy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 1st were paid a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Friday, May 1st. Entergy’s dividend payout ratio (DPR) is 65.31%.

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.