Sanctuary Advisors LLC Grows Holdings in Entergy Corporation $ETR

Sanctuary Advisors LLC grew its position in Entergy Corporation (NYSE:ETR) by 6.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 113,162 shares of the utilities provider’s stock after acquiring an additional 6,761 shares during the period. Sanctuary Advisors LLC’s holdings in Entergy were worth $12,715,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Entergy by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 58,537,223 shares of the utilities provider’s stock valued at $5,410,596,000 after purchasing an additional 589,317 shares in the last quarter. State Street Corp boosted its holdings in Entergy by 4.4% in the 4th quarter. State Street Corp now owns 24,356,461 shares of the utilities provider’s stock worth $2,251,268,000 after buying an additional 1,018,503 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Entergy by 54.9% during 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 in the last quarter. Geode Capital Management LLC lifted its position in shares of Entergy by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 11,607,806 shares of the utilities provider’s stock valued at $1,068,725,000 after acquiring an additional 126,625 shares in the last quarter. Finally, Morgan Stanley increased its position in shares of Entergy by 22.9% during the fourth quarter. Morgan Stanley now owns 10,651,436 shares of the utilities provider’s stock worth $984,512,000 after purchasing an additional 1,986,369 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Entergy

In other news, insider Haley Fisackerly sold 10,638 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $110.00, for a total transaction of $1,170,180.00. Following the completion of the transaction, 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 transaction was disclosed in a filing with the SEC, which is available at 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 corporate insiders.

Wall Street Analyst Weigh In

ETR has been the topic of several recent research reports. Wells Fargo & Company lifted their target price on shares of Entergy from $123.00 to $128.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Scotiabank reiterated a “sector outperform” rating on shares of Entergy in a report on Wednesday, June 10th. BMO Capital Markets set a $123.00 target price on shares of Entergy in a research note on Wednesday, June 10th. Mizuho set a $122.00 target price on Entergy and gave the stock an “outperform” rating in a report on Wednesday, June 10th. Finally, Seaport Research Partners lowered 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 given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $120.21.

Entergy Stock Performance

NYSE ETR opened at $114.71 on Friday. The stock has a fifty day simple moving average of $112.17 and a 200-day simple moving average of $106.90. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 1.80. The stock has a market cap of $52.52 billion, a PE ratio of 29.26, a P/E/G ratio of 1.95 and a beta of 0.50. Entergy Corporation has a twelve month low of $83.14 and a twelve month high of $118.44.

Entergy (NYSE:ETR) last posted its earnings results on Wednesday, April 29th. The utilities provider reported $0.86 EPS for the quarter, beating 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 company had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $2.89 billion. During the same quarter in the prior year, the company posted $0.82 earnings per share. 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 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.