QRG Capital Management Inc. Increases Stock Position in Entergy Corporation $ETR

QRG Capital Management Inc. grew its holdings in shares of Entergy Corporation (NYSE:ETR) by 8.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 75,353 shares of the utilities provider’s stock after purchasing an additional 5,980 shares during the period. QRG Capital Management Inc.’s holdings in Entergy were worth $8,467,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ETR. HB Wealth Management LLC boosted its stake in shares of Entergy by 8.4% in the first quarter. HB Wealth Management LLC now owns 26,124 shares of the utilities provider’s stock valued at $2,935,000 after buying an additional 2,027 shares in the last quarter. Mustard Seed Financial LLC grew its holdings in Entergy by 6.7% in the first quarter. Mustard Seed Financial LLC now owns 2,744 shares of the utilities provider’s stock valued at $308,000 after purchasing an additional 172 shares during the last quarter. PFG Investments LLC acquired a new stake in Entergy in the first quarter valued at $243,000. World Investment Advisors increased its position in shares of Entergy by 8.8% in the first quarter. World Investment Advisors now owns 65,906 shares of the utilities provider’s stock valued at $7,405,000 after buying an additional 5,327 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC increased its position in shares of Entergy by 11.8% in the first quarter. Turtle Creek Wealth Advisors LLC now owns 97,530 shares of the utilities provider’s stock valued at $10,959,000 after buying an additional 10,301 shares in the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Entergy Stock Performance

Entergy stock opened at $115.00 on Friday. The company has a market cap of $52.66 billion, a price-to-earnings ratio of 29.34, a price-to-earnings-growth ratio of 1.96 and a beta of 0.50. Entergy Corporation has a 12 month low of $80.11 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 stock’s 50-day moving average is $112.12 and its 200-day moving average is $105.41.

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 previous year, the business earned $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities analysts anticipate that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 1st were paid a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 2.2%. The ex-dividend date was Friday, May 1st. Entergy’s payout ratio is currently 65.31%.

Insider Transactions at Entergy

In other news, insider Haley Fisackerly sold 10,638 shares of the 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 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ETR shares. Wall Street Zen upgraded shares of Entergy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. 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. Truist Financial set a $127.00 price objective on Entergy and gave the company a “buy” rating in a research report on Friday, May 29th. Scotiabank reaffirmed a “sector outperform” rating on shares of Entergy in a research report on Wednesday, June 10th. Finally, Barclays decreased their price target on shares of Entergy from $124.00 to $119.00 and set an “overweight” rating on the stock in a report on Wednesday, June 3rd. Seventeen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Entergy currently has an average 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.