United Asset Strategies Inc. Sells 72,715 Shares of Entergy Corporation $ETR

United Asset Strategies Inc. cut its holdings in shares of Entergy Corporation (NYSE:ETR) by 51.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 69,959 shares of the utilities provider’s stock after selling 72,715 shares during the period. United Asset Strategies Inc.’s holdings in Entergy were worth $7,861,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Fairway Wealth LLC acquired a new position in Entergy in the first quarter valued at approximately $30,000. United Community Bank lifted its stake in shares of Entergy by 806.7% in the 4th quarter. United Community Bank now owns 272 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 242 shares during the period. Washington Trust Advisors Inc. grew its stake in shares of Entergy by 119.4% during the fourth quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 154 shares during the period. Union Savings Bank bought a new stake in Entergy in the fourth quarter valued at about $28,000. Finally, Valley National Advisers Inc. increased its holdings in Entergy by 306.0% in the fourth quarter. Valley National Advisers Inc. now owns 341 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 257 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Stock Up 1.7%

Shares of NYSE:ETR traded up $1.91 during mid-day trading on Tuesday, reaching $115.73. 291,452 shares of the stock were exchanged, compared to its average volume of 3,158,041. The stock’s 50 day simple moving average is $112.12 and its 200-day simple moving average is $105.49. Entergy Corporation has a one year low of $80.11 and a one year high of $118.44. The company has a market cap of $52.99 billion, a P/E ratio of 29.53, a P/E/G ratio of 1.96 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 (NYSE:ETR) last released its earnings results on Wednesday, April 29th. The utilities provider reported $0.86 EPS for the quarter, beating the consensus estimate of $0.84 by $0.02. Entergy had a return on equity of 10.75% and a net margin of 13.48%.The firm had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $2.89 billion. During the same quarter in the previous year, the business posted $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, equities research analysts predict that Entergy Corporation will post 4.4 EPS for the current year.

Insider Activity

In other news, insider Haley Fisackerly sold 10,638 shares of Entergy stock in a transaction that occurred on Wednesday, June 3rd. The shares were 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 $1,560,020. This trade represents a 42.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 owned by company insiders.

Wall Street Analysts Forecast Growth

ETR has been the topic of several analyst reports. Wall Street Zen upgraded shares of Entergy from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. Scotiabank reiterated a “sector outperform” rating on shares of Entergy in a report on Wednesday, June 10th. Morgan Stanley set a $94.00 price target on Entergy in a report on Thursday, May 21st. UBS Group reaffirmed a “buy” rating and set a $135.00 price target (up from $131.00) on shares of Entergy in a research report on Thursday, April 30th. Finally, Seaport Research Partners cut Entergy from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. Seventeen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $119.68.

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.