Entergy Corporation $ETR Position Lessened by Electron Capital Partners LLC

Electron Capital Partners LLC decreased its holdings in shares of Entergy Corporation (NYSE:ETR) by 12.1% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,265,320 shares of the utilities provider’s stock after selling 174,764 shares during the period. Entergy makes up approximately 5.6% of Electron Capital Partners LLC’s investment portfolio, making the stock its 6th biggest position. Electron Capital Partners LLC’s holdings in Entergy were worth $142,171,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Caliber Wealth Management LLC KS purchased a new position in shares of Entergy during the fourth quarter worth about $2,404,000. World Investment Advisors raised its stake in Entergy by 170.6% in the fourth quarter. World Investment Advisors now owns 60,579 shares of the utilities provider’s stock valued at $5,303,000 after purchasing an additional 38,195 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Entergy by 4.4% during the fourth 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 during the last quarter. Phoenix Wealth Advisors bought a new stake in Entergy during the fourth quarter valued at approximately $1,502,000. Finally, Illinois Municipal Retirement Fund grew its stake in Entergy by 18.3% in the 1st quarter. Illinois Municipal Retirement Fund now owns 180,358 shares of the utilities provider’s stock worth $20,265,000 after buying an additional 27,868 shares in the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Entergy Price Performance

Shares of Entergy stock opened at $113.91 on Tuesday. 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 Corporation has a 52-week low of $86.40 and a 52-week high of $118.44. The company has a fifty day moving average of $112.50 and a 200-day moving average of $107.94. The stock has a market capitalization of $52.16 billion, a price-to-earnings ratio of 29.06, a price-to-earnings-growth ratio of 1.98 and a beta of 0.50.

Entergy (NYSE:ETR) last issued its earnings results on Wednesday, April 29th. The utilities provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. The company had revenue of $3.19 billion for 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 quarter last year, the company earned $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities research analysts expect that Entergy Corporation will post 4.4 EPS for the current year.

Insider Activity at Entergy

In other news, insider Haley Fisackerly sold 10,638 shares of Entergy stock in a transaction dated 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 transaction, the insider owned 14,182 shares in the company, valued at approximately $1,560,020. The trade was a 42.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on ETR shares. Morgan Stanley set a $109.00 price objective on shares of Entergy in a research report on Wednesday, July 22nd. Mizuho set a $122.00 target price on shares of Entergy and gave the stock an “outperform” rating in a research report on Wednesday, June 10th. Argus increased their target price on Entergy from $100.00 to $118.00 and gave the company a “buy” rating in a research note on Monday, April 6th. UBS Group restated a “buy” rating and set a $135.00 price target (up from $131.00) on shares of Entergy in a research report on Thursday, April 30th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $123.00 price target (up from $118.00) on shares of Entergy in a research note on Tuesday, April 21st. Seventeen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $121.05.

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.