Swiss National Bank Purchases 87,300 Shares of Entergy Corporation $ETR

Swiss National Bank raised its position in shares of Entergy Corporation (NYSE:ETR) by 7.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,310,700 shares of the utilities provider’s stock after buying an additional 87,300 shares during the period. Swiss National Bank’s holdings in Entergy were worth $147,270,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Fairway Wealth LLC bought a new stake in Entergy during the 1st quarter worth approximately $30,000. United Community Bank increased its holdings in Entergy by 806.7% during the 4th quarter. United Community Bank now owns 272 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 242 shares in the last quarter. Washington Trust Advisors Inc. raised its position in Entergy by 119.4% in the 4th quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 154 shares during the last quarter. Union Savings Bank bought a new position in Entergy in the 4th quarter valued at $28,000. Finally, Valley National Advisers Inc. boosted its stake in Entergy by 306.0% in the fourth quarter. Valley National Advisers Inc. now owns 341 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 257 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Morgan Stanley set a $94.00 target price on Entergy in a report on Thursday, May 21st. JPMorgan Chase & Co. lifted their price target on Entergy from $129.00 to $139.00 and gave the company an “overweight” rating in a report on Thursday. KeyCorp reiterated an “overweight” rating and set a $123.00 price target (up from $118.00) on shares of Entergy in a research report on Tuesday, April 21st. Truist Financial set a $127.00 price objective on shares of Entergy and gave the stock a “buy” rating in a report on Friday, May 29th. Finally, Seaport Research Partners cut shares of Entergy from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. Seventeen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Entergy currently has an average rating of “Moderate Buy” and a consensus price target of $120.21.

Entergy Stock Up 0.2%

Shares of ETR opened at $113.43 on Monday. The firm has a market capitalization of $51.94 billion, a price-to-earnings ratio of 28.94, a PEG ratio of 1.93 and a beta of 0.50. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.73 and a current ratio of 0.96. The business’s fifty day moving average price is $112.20 and its two-hundred day moving average price is $107.04. Entergy Corporation has a 52 week low of $84.76 and a 52 week high of $118.44.

Entergy (NYSE:ETR) last released 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. The company had revenue of $3.19 billion during the quarter, compared to the consensus estimate 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 company posted $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, analysts predict that Entergy Corporation will post 4.4 earnings per share for the current year.

Insider Buying and Selling

In related 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 completion of the sale, the insider directly owned 14,182 shares in the company, valued at $1,560,020. This trade represents a 42.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by insiders.

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.