Entergy Corporation $ETR Shares Bought by World Investment Advisors

World Investment Advisors grew its stake in Entergy Corporation (NYSE:ETR) by 8.8% during the 1st quarter, Holdings Channel reports. The fund owned 65,906 shares of the utilities provider’s stock after acquiring an additional 5,327 shares during the period. World Investment Advisors’ holdings in Entergy were worth $7,405,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in ETR. Turtle Creek Wealth Advisors LLC increased its position in Entergy by 11.8% during the 1st quarter. Turtle Creek Wealth Advisors LLC now owns 97,530 shares of the utilities provider’s stock worth $10,959,000 after purchasing an additional 10,301 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund acquired a new stake in shares of Entergy during the 1st quarter worth about $4,590,000. Elevation Point Wealth Partners LLC boosted its stake in shares of Entergy by 515.2% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 43,744 shares of the utilities provider’s stock worth $4,915,000 after purchasing an additional 36,633 shares during the last quarter. Jamison Private Wealth Management Inc. grew its holdings in shares of Entergy by 11.0% during the first quarter. Jamison Private Wealth Management Inc. now owns 2,875 shares of the utilities provider’s stock worth $323,000 after buying an additional 284 shares in the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. grew its holdings in shares of Entergy by 12.7% during the first quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. now owns 33,606 shares of the utilities provider’s stock worth $3,776,000 after buying an additional 3,786 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insider Activity

In other news, insider Haley Fisackerly sold 10,638 shares of the company’s 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 completion of the sale, the insider directly owned 14,182 shares in the company, valued at $1,560,020. This represents a 42.86% decrease in their position. The transaction was disclosed in a 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 corporate insiders.

Entergy Price Performance

ETR opened at $115.00 on Friday. The company’s 50 day simple moving average is $112.12 and its 200 day simple moving average is $105.41. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.73 and a current ratio of 0.96. Entergy Corporation has a 1 year low of $80.11 and a 1 year high of $118.44. The stock has a market capitalization of $52.66 billion, a PE ratio of 29.34, a P/E/G ratio of 1.96 and a beta of 0.50.

Entergy (NYSE:ETR) last released its earnings results on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $2.89 billion. During the same period in the previous year, the firm earned $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, sell-side analysts expect that Entergy Corporation will post 4.4 EPS for the current year.

Entergy Dividend Announcement

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

Analysts Set New Price Targets

ETR has been the subject of a number of analyst reports. Argus boosted their price objective on shares of Entergy from $100.00 to $118.00 and gave the company a “buy” rating in a research report on Monday, April 6th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Entergy in a research note on Wednesday, June 10th. Morgan Stanley set a $94.00 price target on Entergy in a report on Thursday, May 21st. Seaport Research Partners lowered Entergy from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Finally, KeyCorp restated an “overweight” rating and set a $123.00 price objective (up from $118.00) on shares of Entergy in a report on Tuesday, April 21st. Seventeen equities 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’s stock. According to MarketBeat.com, Entergy currently has a consensus rating of “Moderate Buy” and a consensus target price of $119.68.

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.