Janus Henderson Group PLC Grows Stock Position in Entergy Corporation $ETR

Janus Henderson Group PLC boosted its holdings in Entergy Corporation (NYSE:ETR) by 16.6% during the first quarter, HoldingsChannel reports. The fund owned 614,906 shares of the utilities provider’s stock after buying an additional 87,561 shares during the period. Janus Henderson Group PLC’s holdings in Entergy were worth $69,089,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in ETR. United Community Bank increased its stake in Entergy by 806.7% during the fourth quarter. United Community Bank now owns 272 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 242 shares during the last quarter. Washington Trust Advisors Inc. lifted its stake in shares of Entergy by 119.4% in the 4th quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 154 shares during the last quarter. Union Savings Bank acquired a new position in shares of Entergy in the 4th quarter valued at $28,000. Fairway Wealth LLC acquired a new position in shares of Entergy in the 1st quarter valued at $30,000. Finally, Dynamic Wealth Strategies LLC purchased a new position in shares of Entergy during the 1st quarter worth $30,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Entergy Trading Down 0.1%

Shares of ETR stock opened at $107.95 on Friday. Entergy Corporation has a fifty-two week low of $86.40 and a fifty-two week high of $118.44. The company has a 50 day moving average price of $112.29 and a 200 day moving average price of $108.31. The stock has a market capitalization of $49.43 billion, a P/E ratio of 27.68, a price-to-earnings-growth ratio of 1.84 and a beta of 0.50. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.73 and a current ratio of 0.91.

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

Insider Buying and Selling at Entergy

In other news, insider Haley Fisackerly sold 10,638 shares of the 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 sale, the insider directly owned 14,182 shares in the company, valued at approximately $1,560,020. This trade represents a 42.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Weiss Ratings downgraded Entergy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, July 20th. BMO Capital Markets upped their target price on shares of Entergy from $123.00 to $124.00 and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Scotiabank reiterated a “sector outperform” rating on shares of Entergy in a research report on Wednesday, June 10th. Argus boosted their price target on shares of Entergy from $100.00 to $118.00 and gave the company a “buy” rating in a research note on Monday, April 6th. Finally, UBS Group reissued a “buy” rating and issued a $135.00 price target (up from $131.00) on shares of Entergy in a research note on Thursday, April 30th. Seventeen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.05.

About Entergy

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.