Liberty One Investment Management LLC Raises Stock Holdings in Entergy Corporation $ETR

Liberty One Investment Management LLC lifted its stake in shares of Entergy Corporation (NYSE:ETR) by 7.6% during the first quarter, Holdings Channel reports. The fund owned 67,942 shares of the utilities provider’s stock after purchasing an additional 4,781 shares during the quarter. Entergy comprises 0.8% of Liberty One Investment Management LLC’s portfolio, making the stock its 29th biggest holding. Liberty One Investment Management LLC’s holdings in Entergy were worth $7,634,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ETR. United Community Bank raised its stake in Entergy by 806.7% in 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 during the last quarter. Washington Trust Advisors Inc. boosted its stake in shares of Entergy by 119.4% during the 4th quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 154 shares during the last quarter. Union Savings Bank purchased a new stake in shares of Entergy during the fourth quarter worth about $28,000. Fairway Wealth LLC purchased a new stake in shares of Entergy during the first quarter worth about $30,000. Finally, Dynamic Wealth Strategies LLC acquired a new position in shares of Entergy in the first quarter valued at approximately $30,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insider Buying and Selling at Entergy

In other Entergy news, insider Haley Fisackerly sold 10,638 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total transaction 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. 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 available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ETR. Barclays reduced their price objective on shares of Entergy from $124.00 to $119.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 3rd. Weiss Ratings cut shares of Entergy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday. BMO Capital Markets boosted their price target on Entergy from $123.00 to $124.00 and gave the company an “outperform” rating in a report on Wednesday. KeyCorp reissued 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. Finally, Seaport Research Partners cut Entergy from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. Seventeen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $121.05.

Entergy Price Performance

Entergy stock opened at $115.92 on Friday. Entergy Corporation has a 1 year low of $86.40 and a 1 year high of $118.44. The firm has a 50 day moving average price of $112.28 and a 200 day moving average price of $107.63. The company has a market cap of $53.08 billion, a price-to-earnings ratio of 29.57, a PEG ratio of 1.96 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.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.84 by $0.02. The firm had revenue of $3.19 billion during the quarter, compared to analyst estimates of $2.89 billion. Entergy had a net margin of 13.48% and a return on equity of 10.75%. During the same quarter in the prior year, the business posted $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Sell-side analysts predict that Entergy Corporation will post 4.4 earnings per share for the current 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.