First Trust Advisors LP Sells 49,196 Shares of Entergy Corporation $ETR

First Trust Advisors LP trimmed its stake in Entergy Corporation (NYSE:ETR) by 4.8% during the first quarter, HoldingsChannel.com reports. The fund owned 967,734 shares of the utilities provider’s stock after selling 49,196 shares during the quarter. First Trust Advisors LP’s holdings in Entergy were worth $108,735,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Brighton Jones LLC boosted its stake 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 purchasing an additional 6,733 shares in the last quarter. Woodline Partners LP grew its holdings in shares of Entergy by 40.7% in the 1st quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider’s stock worth $3,097,000 after purchasing an additional 10,476 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Entergy during the 2nd quarter worth about $6,869,000. Brown Advisory Inc. increased its position in shares of 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 purchasing an additional 193 shares in the last quarter. Finally, Qube Research & Technologies Ltd bought a new position in Entergy during the 2nd quarter valued at about $17,225,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ETR has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Entergy from $129.00 to $139.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Wall Street Zen upgraded shares of Entergy from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 2nd. UBS Group reissued a “buy” rating and issued a $135.00 target price (up from $131.00) on shares of Entergy in a report on Thursday, April 30th. Citigroup restated a “neutral” rating and set a $121.00 price target (up from $116.00) on shares of Entergy in a research report on Tuesday, May 5th. Finally, BMO Capital Markets raised their price target on Entergy from $123.00 to $124.00 and gave the company an “outperform” rating in a report on Wednesday. Seventeen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $121.05.

Insider Activity at Entergy

In related news, insider Haley Fisackerly sold 10,638 shares of the firm’s 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 completion of the sale, the insider owned 14,182 shares of the company’s stock, valued at $1,560,020. This trade represents a 42.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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.

Entergy Stock Up 0.9%

Shares of NYSE ETR opened at $115.92 on Friday. Entergy Corporation has a 12-month low of $86.40 and a 12-month high of $118.44. The firm’s 50-day simple moving average is $112.28 and its 200 day simple moving average is $107.63. 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 company has a market cap of $53.08 billion, a price-to-earnings ratio of 29.57, a price-to-earnings-growth ratio of 1.96 and a beta of 0.50.

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

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.