Stephens Inc. AR Grows Position in Entergy Corporation $ETR

Stephens Inc. AR increased its holdings in Entergy Corporation (NYSE:ETR) by 24.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,166 shares of the utilities provider’s stock after acquiring an additional 8,017 shares during the quarter. Stephens Inc. AR’s holdings in Entergy were worth $4,513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the business. JPMorgan Chase & Co. grew its stake in shares of Entergy by 54.9% in the 4th quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider’s stock worth $2,097,699,000 after buying an additional 8,046,287 shares during the last quarter. Norges Bank purchased a new position in Entergy during the fourth quarter valued at $528,313,000. Morgan Stanley boosted its holdings in Entergy by 22.9% in the fourth quarter. Morgan Stanley now owns 10,651,436 shares of the utilities provider’s stock worth $984,512,000 after acquiring an additional 1,986,369 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in Entergy by 89.6% in the fourth quarter. Raymond James Financial Inc. now owns 3,866,426 shares of the utilities provider’s stock worth $357,415,000 after acquiring an additional 1,826,782 shares in the last quarter. Finally, Zimmer Partners LP purchased a new stake in shares of Entergy in the fourth quarter worth $153,616,000. Institutional investors own 88.07% of the company’s stock.

Insider Buying and Selling

In related news, insider Haley Fisackerly sold 10,638 shares of the stock in a transaction that occurred 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 directly owned 14,182 shares of the company’s stock, valued at approximately $1,560,020. This represents a 42.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by insiders.

Entergy Stock Up 1.2%

ETR opened at $115.15 on Wednesday. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 1.80. The firm has a 50 day moving average price of $112.15 and a 200-day moving average price of $105.80. Entergy Corporation has a twelve month low of $80.11 and a twelve month high of $118.44. The stock has a market capitalization of $52.72 billion, a price-to-earnings ratio of 29.37, a PEG ratio of 1.94 and a beta of 0.50.

Entergy (NYSE:ETR) last released its quarterly 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 firm had revenue of $3.19 billion for 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 period last year, the business posted $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities research analysts forecast that Entergy Corporation will post 4.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ETR. Mizuho set a $122.00 price objective on shares of Entergy and gave the company an “outperform” rating in a research report on Wednesday, June 10th. Barclays decreased their target price on shares of Entergy from $124.00 to $119.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. Jefferies Financial Group reiterated a “buy” rating on shares of Entergy in a research note on Wednesday, June 10th. BMO Capital Markets set a $123.00 price target on shares of Entergy in a report on Wednesday, June 10th. Finally, Truist Financial set a $127.00 price target on shares of Entergy and gave the company a “buy” rating in a research report on Friday, May 29th. Seventeen research 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.com, Entergy presently has a consensus rating of “Moderate Buy” and an average price target of $119.68.

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.