Illinois Municipal Retirement Fund Has $20.27 Million Stake in Entergy Corporation $ETR

Illinois Municipal Retirement Fund grew its position in Entergy Corporation (NYSE:ETR) by 18.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 180,358 shares of the utilities provider’s stock after purchasing an additional 27,868 shares during the period. Illinois Municipal Retirement Fund’s holdings in Entergy were worth $20,265,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC lifted its stake in Entergy by 275.6% in the 4th quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock valued at $696,000 after acquiring an additional 6,733 shares in the last quarter. Woodline Partners LP grew its stake in shares of Entergy by 40.7% during the 1st quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider’s stock worth $3,097,000 after acquiring an additional 10,476 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Entergy in the second quarter valued at approximately $6,869,000. Brown Advisory Inc. raised its holdings in shares of 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 purchasing an additional 193 shares during the last quarter. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Entergy in the second quarter worth $17,225,000. 88.07% of the stock is owned by institutional investors and hedge funds.

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 shares were 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 trade represents a 42.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ETR has been the subject of several recent research reports. Jefferies Financial Group restated a “buy” rating on shares of Entergy in a report on Wednesday, June 10th. KeyCorp reiterated an “overweight” rating and issued a $123.00 price target (up from $118.00) on shares of Entergy in a research note on Tuesday, April 21st. Barclays cut their price target on shares of Entergy from $124.00 to $119.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 3rd. Mizuho set a $122.00 price objective on shares of Entergy and gave the stock an “outperform” rating in a research note on Wednesday, June 10th. Finally, Wells Fargo & Company raised their price objective on Entergy from $123.00 to $128.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Seventeen equities 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $119.68.

Entergy Trading Down 0.9%

NYSE ETR opened at $114.33 on Thursday. The company has a market cap of $52.35 billion, a PE ratio of 29.17, a PEG ratio of 1.97 and a beta of 0.50. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 1.80. Entergy Corporation has a 12 month low of $82.38 and a 12 month high of $118.44. The stock has a 50 day moving average of $112.11 and a 200-day moving average of $106.75.

Entergy (NYSE:ETR) last issued its earnings results on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. Entergy had a net margin of 13.48% and a return on equity of 10.75%. The business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same period in the previous year, the company earned $0.82 earnings per share. 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 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.