Groupama Asset Managment Has $78.18 Million Stake in Entergy Corporation $ETR

Groupama Asset Managment increased its stake in Entergy Corporation (NYSE:ETR) by 5.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 695,812 shares of the utilities provider’s stock after acquiring an additional 33,493 shares during the quarter. Entergy accounts for approximately 1.1% of Groupama Asset Managment’s portfolio, making the stock its 29th largest position. Groupama Asset Managment’s holdings in Entergy were worth $78,181,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ETR. Western Wealth Management LLC boosted its stake in Entergy by 5.4% during the first quarter. Western Wealth Management LLC now owns 5,285 shares of the utilities provider’s stock worth $594,000 after acquiring an additional 269 shares in the last quarter. Mascagni Wealth Management Inc. acquired a new stake in Entergy in the first quarter worth $252,000. Bank of America Corp DE increased its stake in Entergy by 5.3% in the first quarter. Bank of America Corp DE now owns 17,369,775 shares of the utilities provider’s stock valued at $1,951,668,000 after purchasing an additional 870,847 shares in the last quarter. Edgestream Partners L.P. bought a new stake in Entergy in the first quarter valued at $4,820,000. Finally, Janus Henderson Group PLC increased its stake in Entergy by 16.6% in the first quarter. Janus Henderson Group PLC now owns 614,906 shares of the utilities provider’s stock valued at $69,089,000 after purchasing an additional 87,561 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Stock Down 0.1%

Shares of NYSE:ETR opened at $107.95 on Friday. The stock has a market cap of $49.43 billion, a price-to-earnings ratio of 27.68, a PEG ratio of 1.85 and a beta of 0.50. The company has a quick ratio of 0.73, a current ratio of 0.91 and a debt-to-equity ratio of 1.73. Entergy Corporation has a 12-month low of $86.40 and a 12-month high of $118.44. The business’s 50 day moving average is $112.29 and its 200 day moving average is $108.31.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.02. The business had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.49 billion. Entergy had a return on equity of 10.53% and a net margin of 13.40%.During the same quarter in the prior year, the company posted $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, sell-side analysts forecast that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Insider Transactions at Entergy

In other news, insider Haley Fisackerly sold 10,638 shares of the company’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 owned 14,182 shares in the company, valued at $1,560,020. This represents a 42.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

ETR has been the topic of a number of research analyst reports. Wells Fargo & Company increased their price objective on shares of Entergy from $123.00 to $128.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. KeyCorp reaffirmed an “overweight” rating and issued a $123.00 target price (up from $118.00) on shares of Entergy in a research report on Tuesday, April 21st. Seaport Research Partners lowered Entergy from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. Citigroup reaffirmed a “neutral” rating and set a $121.00 price target (up from $116.00) on shares of Entergy in a research note on Tuesday, May 5th. Finally, Wall Street Zen upgraded Entergy from a “sell” rating to a “hold” rating in a report on Saturday. Seventeen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $121.05.

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.