Continuum Advisory LLC Boosts Stock Holdings in Entergy Corporation $ETR

Continuum Advisory LLC increased its holdings in Entergy Corporation (NYSE:ETR) by 27.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,449 shares of the utilities provider’s stock after buying an additional 7,315 shares during the period. Continuum Advisory LLC’s holdings in Entergy were worth $3,871,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in shares of Entergy by 275.6% during the 4th quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock worth $696,000 after acquiring an additional 6,733 shares in the last quarter. Woodline Partners LP raised its holdings in shares of Entergy by 40.7% during the first quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider’s stock worth $3,097,000 after purchasing an additional 10,476 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Entergy in the 2nd quarter valued at about $6,869,000. Brown Advisory Inc. lifted its holdings in Entergy by 4.8% in the second quarter. Brown Advisory Inc. now owns 4,254 shares of the utilities provider’s stock valued at $354,000 after acquiring an additional 193 shares during the period. Finally, Qube Research & Technologies Ltd acquired a new position in shares of Entergy in the 2nd quarter valued at $17,225,000. 88.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. UBS Group reaffirmed a “buy” rating and issued a $135.00 price target (up from $131.00) on shares of Entergy in a report on Thursday, April 30th. JPMorgan Chase & Co. raised their price target on shares of Entergy from $126.00 to $129.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Morgan Stanley set a $94.00 price objective on Entergy in a research note on Thursday, May 21st. BMO Capital Markets set a $123.00 price target on shares of Entergy in a research note on Wednesday, June 10th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Entergy in a report on Wednesday, June 10th. Seventeen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Entergy has a consensus rating of “Moderate Buy” and an average target price of $119.68.

Entergy Stock Down 0.0%

ETR stock opened at $115.91 on Monday. Entergy Corporation has a fifty-two week low of $80.11 and a fifty-two week high of $118.44. The company’s 50 day moving average price is $111.97 and its 200 day moving average price is $104.73. The firm has a market capitalization of $53.07 billion, a price-to-earnings ratio of 29.57, a PEG ratio of 1.98 and a beta of 0.50. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.73 and a current ratio of 0.96.

Entergy (NYSE:ETR) last released its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.02. The business had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $2.89 billion. Entergy had a net margin of 13.48% and a return on equity of 10.75%. During the same period in the previous year, the company earned $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities research analysts anticipate that Entergy Corporation will post 4.4 EPS for the current fiscal year.

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 1st were issued a dividend of $0.64 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a $2.56 dividend on an annualized basis and a yield of 2.2%. Entergy’s dividend payout ratio (DPR) is presently 65.31%.

Insiders Place Their Bets

In related news, insider Haley Fisackerly sold 10,638 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total value of $1,170,180.00. Following the completion of the sale, the insider directly owned 14,182 shares of the company’s stock, valued at $1,560,020. The trade was a 42.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by company insiders.

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.