Burney Co. Sells 5,632 Shares of Entergy Corporation $ETR

Burney Co. lessened its position in shares of Entergy Corporation (NYSE:ETR) by 28.4% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 14,218 shares of the utilities provider’s stock after selling 5,632 shares during the quarter. Burney Co.’s holdings in Entergy were worth $1,598,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ETR. Vanguard Group Inc. boosted its holdings in shares of Entergy by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 58,537,223 shares of the utilities provider’s stock worth $5,410,596,000 after purchasing an additional 589,317 shares during the period. State Street Corp raised its holdings in Entergy by 4.4% during the 4th quarter. State Street Corp now owns 24,356,461 shares of the utilities provider’s stock valued at $2,251,268,000 after buying an additional 1,018,503 shares during the period. JPMorgan Chase & Co. lifted its position in Entergy by 54.9% in the fourth quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider’s stock worth $2,097,699,000 after buying an additional 8,046,287 shares during the last quarter. Bank of America Corp DE boosted its stake in Entergy by 2.9% during the third quarter. Bank of America Corp DE now owns 16,034,738 shares of the utilities provider’s stock worth $1,494,277,000 after buying an additional 452,562 shares during the period. Finally, Geode Capital Management LLC increased its position in Entergy by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 11,607,806 shares of the utilities provider’s stock valued at $1,068,725,000 after acquiring an additional 126,625 shares during the last quarter. Institutional investors own 88.07% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on ETR. Mizuho set a $122.00 price target on shares of Entergy and gave the stock an “outperform” rating in a research note on Wednesday, June 10th. Seaport Research Partners downgraded shares of Entergy from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Barclays cut their target price on Entergy from $124.00 to $119.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 3rd. Morgan Stanley set a $94.00 price target on Entergy in a report on Thursday, May 21st. Finally, JPMorgan Chase & Co. raised their price target on Entergy from $126.00 to $129.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Seventeen investment 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. Based on data from MarketBeat, Entergy has a consensus rating of “Moderate Buy” and a consensus price target of $119.68.

Entergy Trading Down 0.8%

ETR opened at $114.32 on Thursday. The stock’s fifty day moving average is $112.16 and its two-hundred day moving average is $105.96. The company has a market capitalization of $52.34 billion, a P/E ratio of 29.16, a PEG ratio of 1.97 and a beta of 0.50. Entergy Corporation has a 52 week low of $80.35 and a 52 week high of $118.44. 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 issued its earnings results on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.02. Entergy had a return on equity of 10.75% and a net margin of 13.48%.The business had revenue of $3.19 billion during the quarter, compared to analyst estimates of $2.89 billion. During the same period in the previous year, the company posted $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Analysts forecast that Entergy Corporation will post 4.4 earnings per share for the current year.

Insider Buying and Selling at Entergy

In related news, insider Haley Fisackerly sold 10,638 shares of the company’s stock in a transaction dated 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 directly owned 14,182 shares of the company’s stock, 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 Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by insiders.

Entergy Company 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.