Union Bancaire Privee UBP SA Has $22.82 Million Holdings in Entergy Corporation $ETR

Union Bancaire Privee UBP SA cut its stake in shares of Entergy Corporation (NYSE:ETR) by 7.6% in the 1st quarter, HoldingsChannel reports. The fund owned 205,109 shares of the utilities provider’s stock after selling 16,756 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in Entergy were worth $22,815,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of ETR. Brighton Jones LLC raised its position in shares of Entergy by 275.6% in the 4th quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock valued at $696,000 after buying an additional 6,733 shares in the last quarter. Woodline Partners LP boosted its holdings in shares of Entergy by 40.7% during the 1st quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider’s stock valued at $3,097,000 after acquiring an additional 10,476 shares in the last quarter. Marshall Wace LLP bought a new stake in Entergy during the 2nd quarter worth $6,869,000. Brown Advisory Inc. boosted its position in Entergy by 4.8% during the 2nd quarter. Brown Advisory Inc. now owns 4,254 shares of the utilities provider’s stock worth $354,000 after buying an additional 193 shares during the period. Finally, Qube Research & Technologies Ltd acquired a new stake in Entergy in the second quarter valued at $17,225,000. 88.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on ETR shares. BTIG Research reaffirmed a “buy” rating and issued a $126.00 price objective on shares of Entergy in a research note on Wednesday, June 10th. Morgan Stanley set a $94.00 target price on Entergy in a research report on Thursday, May 21st. Mizuho set a $122.00 target price on Entergy and gave the stock an “outperform” rating in a report on Wednesday, June 10th. Citigroup restated a “neutral” rating and set a $121.00 price target (up from $116.00) on shares of Entergy in a report on Tuesday, May 5th. Finally, Truist Financial set a $127.00 price objective on shares of Entergy and gave the company a “buy” rating in a report on Friday, May 29th. Seventeen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $119.68.

Entergy Stock Up 0.5%

ETR stock opened at $115.91 on Friday. The stock’s 50 day moving average is $111.97 and its 200-day moving average is $104.64. The firm has a market capitalization of $53.07 billion, a PE ratio of 29.57, a P/E/G ratio of 1.97 and a beta of 0.50. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 1.80. Entergy Corporation has a twelve month low of $80.11 and a twelve month high of $118.44.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $0.86 EPS for the quarter, beating 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 last year, the business posted $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Sell-side analysts expect that Entergy Corporation will post 4.4 EPS for the current fiscal year.

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 1st were paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Friday, May 1st. Entergy’s payout ratio is currently 65.31%.

Insider Transactions at Entergy

In other Entergy 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 transaction of $1,170,180.00. Following the sale, the insider owned 14,182 shares in the company, valued at $1,560,020. This represents a 42.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by insiders.

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.