Union Bancaire Privee UBP SA Trims Stake in Entergy Corporation $ETR

Union Bancaire Privee UBP SA lessened its holdings in Entergy Corporation (NYSE:ETR) by 7.6% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. 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 large investors have also recently modified their holdings of the company. Nordea Investment Management AB lifted its stake in shares of Entergy by 66.0% during the 4th quarter. Nordea Investment Management AB now owns 800,258 shares of the utilities provider’s stock worth $74,512,000 after purchasing an additional 318,221 shares during the last quarter. Tounjian Advisory Partners LLC acquired a new position in shares of Entergy in the 4th quarter valued at $1,473,000. World Investment Advisors boosted its position in Entergy by 170.6% in the fourth quarter. World Investment Advisors now owns 60,579 shares of the utilities provider’s stock valued at $5,303,000 after buying an additional 38,195 shares during the last quarter. Phoenix Wealth Advisors acquired a new position in Entergy during the fourth quarter valued at $1,502,000. Finally, Caliber Wealth Management LLC KS acquired a new stake in shares of Entergy during the 4th quarter worth approximately $2,404,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Trading Up 0.5%

Shares of ETR stock opened at $115.91 on Friday. Entergy Corporation has a twelve month low of $80.11 and a twelve month high of $118.44. The firm has a 50-day moving average price of $111.97 and a 200 day moving average price of $104.64. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 1.80. The company has a market capitalization of $53.07 billion, a price-to-earnings ratio of 29.57, a PEG ratio of 1.97 and a beta of 0.50.

Entergy (NYSE:ETR) last issued its earnings results on Wednesday, April 29th. The utilities provider reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.02. The business had revenue of $3.19 billion for the quarter, compared to the consensus estimate 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 firm posted $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Research analysts forecast that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on ETR shares. Evercore set a $123.00 target price on shares of Entergy in a research report on Wednesday, June 10th. KeyCorp restated an “overweight” rating and set a $123.00 target price (up from $118.00) on shares of Entergy in a report on Tuesday, April 21st. Wall Street Zen raised shares of Entergy from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. Weiss Ratings raised shares of Entergy from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, May 14th. Finally, Seaport Research Partners cut Entergy from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. Seventeen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $119.68.

Insider Buying and Selling at Entergy

In other Entergy news, insider Haley Fisackerly sold 10,638 shares of the firm’s stock in a transaction dated 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 transaction, 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 filing 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. Company insiders own 0.21% of the company’s stock.

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.