Hsbc Holdings PLC Decreases Holdings in Entergy Corporation $ETR

Hsbc Holdings PLC lowered its position in Entergy Corporation (NYSE:ETR) by 11.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,030,291 shares of the utilities provider’s stock after selling 131,233 shares during the period. Hsbc Holdings PLC’s holdings in Entergy were worth $115,674,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in Entergy by 54.9% in the fourth quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider’s stock valued at $2,097,699,000 after purchasing an additional 8,046,287 shares during the last quarter. Norges Bank acquired a new position in shares of Entergy during the 4th quarter worth $528,313,000. Morgan Stanley boosted its position in shares of Entergy by 22.9% in the 4th quarter. Morgan Stanley now owns 10,651,436 shares of the utilities provider’s stock worth $984,512,000 after buying an additional 1,986,369 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of Entergy by 89.6% in the 4th quarter. Raymond James Financial Inc. now owns 3,866,426 shares of the utilities provider’s stock worth $357,415,000 after buying an additional 1,826,782 shares in the last quarter. Finally, Zimmer Partners LP acquired a new stake in Entergy in the 4th quarter valued at about $153,616,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. BTIG Research restated a “buy” rating and set a $126.00 target price on shares of Entergy in a report on Wednesday, June 10th. Jefferies Financial Group reiterated a “buy” rating on shares of Entergy in a research report on Wednesday, June 10th. Seaport Research Partners cut shares of Entergy from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Weiss Ratings raised Entergy from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, May 14th. Finally, JPMorgan Chase & Co. increased their target price on Entergy from $129.00 to $139.00 and gave the company an “overweight” rating in a report on Thursday. Seventeen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $120.21.

Insider Buying and Selling

In other Entergy news, insider Haley Fisackerly sold 10,638 shares of the business’s stock in a transaction 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 directly owned 14,182 shares in the company, valued at approximately $1,560,020. The trade was a 42.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.21% of the company’s stock.

Entergy Price Performance

Entergy stock opened at $113.43 on Friday. The stock has a market capitalization of $51.94 billion, a P/E ratio of 28.94, a P/E/G ratio of 1.93 and a beta of 0.50. Entergy Corporation has a 12-month low of $84.76 and a 12-month high of $118.44. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.96 and a quick ratio of 0.73. The firm’s 50-day moving average is $112.20 and its two-hundred day moving average is $106.95.

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

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.