Soroban Capital Partners LP Lowers Stock Position in Entergy Corporation $ETR

Soroban Capital Partners LP trimmed its holdings in Entergy Corporation (NYSE:ETR) by 46.5% during the first quarter, HoldingsChannel.com reports. The fund owned 1,723,304 shares of the utilities provider’s stock after selling 1,499,230 shares during the period. Entergy makes up approximately 0.4% of Soroban Capital Partners LP’s holdings, making the stock its 19th largest holding. Soroban Capital Partners LP’s holdings in Entergy were worth $193,630,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ETR. Brighton Jones LLC increased its stake in Entergy by 275.6% in the fourth quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock valued at $696,000 after purchasing an additional 6,733 shares during the period. Woodline Partners LP grew its holdings in shares of Entergy by 40.7% during the first quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider’s stock worth $3,097,000 after buying an additional 10,476 shares during the last quarter. Marshall Wace LLP acquired a new position in Entergy in the 2nd quarter valued at about $6,869,000. Brown Advisory Inc. increased its position in Entergy by 4.8% in the 2nd quarter. Brown Advisory Inc. now owns 4,254 shares of the utilities provider’s stock valued at $354,000 after acquiring an additional 193 shares during the period. Finally, Qube Research & Technologies Ltd purchased a new stake in Entergy during the 2nd quarter valued at approximately $17,225,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ETR. Morgan Stanley set a $109.00 price objective on Entergy in a research report on Wednesday, July 22nd. Seaport Research Partners lowered Entergy from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. Evercore set a $123.00 price target on Entergy in a research note on Wednesday, June 10th. Truist Financial set a $127.00 price target on Entergy and gave the stock a “buy” rating in a report on Friday, May 29th. Finally, Barclays decreased their price target on Entergy from $124.00 to $119.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. Seventeen investment 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $121.05.

Entergy Trading Down 1.8%

NYSE ETR opened at $113.91 on Tuesday. 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 stock has a market capitalization of $52.16 billion, a P/E ratio of 29.06, a P/E/G ratio of 1.98 and a beta of 0.50. Entergy Corporation has a 52-week low of $86.40 and a 52-week high of $118.44. The firm has a 50-day moving average price of $112.50 and a 200 day moving average price of $107.94.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.02. Entergy had a return on equity of 10.75% and a net margin of 13.48%.The company had revenue of $3.19 billion for the quarter, compared to analyst estimates of $2.89 billion. During the same quarter in the previous year, the company earned $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities research analysts expect that Entergy Corporation will post 4.4 EPS for the current year.

Insider Activity at Entergy

In other news, insider Haley Fisackerly sold 10,638 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at $1,560,020. This trade represents a 42.86% decrease in their position. 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. 0.21% of the stock is owned by corporate 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.