Edgestream Partners L.P. Makes New Investment in Entergy Corporation $ETR

Edgestream Partners L.P. acquired a new stake in shares of Entergy Corporation (NYSE:ETR) in the 1st quarter, Holdings Channel.com reports. The fund acquired 42,901 shares of the utilities provider’s stock, valued at approximately $4,820,000.

A number of other institutional investors have also recently made changes to their positions in the company. Pinnacle Wealth Management Advisory Group LLC increased its holdings in shares of Entergy by 3.6% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,623 shares of the utilities provider’s stock worth $295,000 after purchasing an additional 90 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in Entergy by 9.2% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,096 shares of the utilities provider’s stock valued at $126,000 after buying an additional 92 shares during the last quarter. Aristotle Capital Management LLC boosted its stake in Entergy by 4.4% during the fourth quarter. Aristotle Capital Management LLC now owns 2,280 shares of the utilities provider’s stock valued at $211,000 after buying an additional 96 shares during the last quarter. Founders Financial Securities LLC grew its holdings in Entergy by 2.5% during the 1st quarter. Founders Financial Securities LLC now owns 4,094 shares of the utilities provider’s stock valued at $481,000 after buying an additional 101 shares in the last quarter. Finally, Rehmann Capital Advisory Group grew its holdings in Entergy by 2.8% during the 4th quarter. Rehmann Capital Advisory Group now owns 3,807 shares of the utilities provider’s stock valued at $352,000 after buying an additional 102 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Trading Down 0.1%

Shares of ETR stock opened at $107.95 on Friday. The company has a market cap of $49.43 billion, a PE ratio of 27.68, a price-to-earnings-growth ratio of 1.85 and a beta of 0.50. Entergy Corporation has a 1 year low of $86.40 and a 1 year high of $118.44. The stock’s 50 day simple moving average is $112.29 and its two-hundred day simple moving average is $108.31. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.91 and a quick ratio of 0.73.

Entergy (NYSE:ETR) last announced its earnings results on Wednesday, July 29th. The utilities provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.02. The firm had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.49 billion. Entergy had a return on equity of 10.53% and a net margin of 13.40%.During the same quarter in the previous year, the business earned $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Research analysts predict that Entergy Corporation will post 4.4 earnings per share for the current year.

Insider Transactions at Entergy

In related 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 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 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 currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on ETR. Seaport Research Partners cut Entergy from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. KeyCorp reissued an “overweight” rating and issued a $123.00 target price (up from $118.00) on shares of Entergy in a report on Tuesday, April 21st. Scotiabank reaffirmed a “sector outperform” rating on shares of Entergy in a research note on Wednesday, June 10th. Barclays lowered their price objective on shares of Entergy from $124.00 to $119.00 and set an “overweight” rating for the company in a research report on Wednesday, June 3rd. Finally, Citigroup reissued a “neutral” rating and issued a $121.00 price objective (up from $116.00) on shares of Entergy in a research note on Tuesday, May 5th. Seventeen analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $121.05.

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.