Sequoia Financial Advisors LLC Buys 9,253 Shares of Entergy Corporation $ETR

Sequoia Financial Advisors LLC lifted its stake in shares of Entergy Corporation (NYSE:ETR) by 64.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,636 shares of the utilities provider’s stock after purchasing an additional 9,253 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Entergy were worth $2,656,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Nordea Investment Management AB increased its stake in Entergy by 66.0% in the fourth quarter. Nordea Investment Management AB now owns 800,258 shares of the utilities provider’s stock valued at $74,512,000 after acquiring an additional 318,221 shares during the last quarter. Tounjian Advisory Partners LLC bought a new stake in Entergy during the fourth quarter worth $1,473,000. World Investment Advisors lifted its stake in Entergy by 170.6% during the fourth quarter. World Investment Advisors now owns 60,579 shares of the utilities provider’s stock worth $5,303,000 after purchasing an additional 38,195 shares during the last quarter. Caliber Wealth Management LLC KS acquired a new stake in shares of Entergy in the 4th quarter valued at $2,404,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Entergy by 4.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 928,984 shares of the utilities provider’s stock valued at $87,194,000 after purchasing an additional 38,742 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

Insider Buying and Selling at Entergy

In other news, insider Haley Fisackerly sold 10,638 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $110.00, for a total value of $1,170,180.00. Following the completion of the transaction, the insider owned 14,182 shares of the company’s stock, valued at $1,560,020. This represents a 42.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.21% of the company’s stock.

Entergy Trading Up 0.5%

NYSE ETR opened at $115.42 on Wednesday. The company has a market cap of $52.85 billion, a price-to-earnings ratio of 29.44, a price-to-earnings-growth ratio of 1.96 and a beta of 0.50. Entergy Corporation has a twelve month low of $81.91 and a twelve month high of $118.44. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 1.80. The business’s fifty day moving average is $112.08 and its 200 day moving average is $106.60.

Entergy (NYSE:ETR) last issued its earnings results on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 10.75% and a net margin of 13.48%.During the same quarter in the prior year, the firm earned $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, sell-side analysts expect that Entergy Corporation will post 4.4 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on ETR. Jefferies Financial Group reissued a “buy” rating on shares of Entergy in a report on Wednesday, June 10th. Argus raised their price objective on Entergy from $100.00 to $118.00 and gave the company a “buy” rating in a research note on Monday, April 6th. BTIG Research reiterated a “buy” rating and issued a $126.00 target price on shares of Entergy in a research report on Wednesday, June 10th. Citigroup reissued a “neutral” rating and set a $121.00 target price (up from $116.00) on shares of Entergy in a research note on Tuesday, May 5th. Finally, Truist Financial set a $127.00 target price on shares of Entergy and gave the stock a “buy” rating in a report on Friday, May 29th. Seventeen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Entergy has a consensus rating of “Moderate Buy” and an average price target of $119.68.

About Entergy

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.