Entergy Corporation $ETR Shares Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC grew its position in Entergy Corporation (NYSE:ETR) by 6.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 113,162 shares of the utilities provider’s stock after purchasing an additional 6,761 shares during the quarter. Sanctuary Advisors LLC’s holdings in Entergy were worth $12,715,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Pinnacle Wealth Management Advisory Group LLC boosted its position in shares of Entergy by 3.6% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,623 shares of the utilities provider’s stock worth $295,000 after purchasing an additional 90 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in Entergy by 9.2% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,096 shares of the utilities provider’s stock worth $126,000 after acquiring an additional 92 shares in the last quarter. Aristotle Capital Management LLC boosted its holdings in Entergy by 4.4% in the fourth quarter. Aristotle Capital Management LLC now owns 2,280 shares of the utilities provider’s stock worth $211,000 after acquiring an additional 96 shares in the last quarter. Founders Financial Securities LLC increased its holdings in shares of Entergy by 2.5% during the first quarter. Founders Financial Securities LLC now owns 4,094 shares of the utilities provider’s stock valued at $481,000 after acquiring an additional 101 shares in the last quarter. Finally, Rehmann Capital Advisory Group increased its holdings in shares of Entergy by 2.8% during the fourth quarter. Rehmann Capital Advisory Group now owns 3,807 shares of the utilities provider’s stock valued at $352,000 after acquiring an additional 102 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on ETR. Seaport Research Partners cut shares of Entergy from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Mizuho set a $122.00 price objective on shares of Entergy and gave the stock an “outperform” rating in a research note on Wednesday, June 10th. BTIG Research reissued a “buy” rating and issued a $126.00 target price on shares of Entergy in a research report on Wednesday, June 10th. Jefferies Financial Group restated a “buy” rating on shares of Entergy in a research note on Wednesday, June 10th. Finally, Argus lifted their price target on Entergy from $100.00 to $118.00 and gave the stock a “buy” rating in a research report on Monday, April 6th. Seventeen 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 stock. According to data from MarketBeat.com, Entergy has an average rating of “Moderate Buy” and a consensus target price of $120.21.

Insider Activity

In other news, insider Haley Fisackerly sold 10,638 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $110.00, for a total value of $1,170,180.00. Following the sale, the insider owned 14,182 shares in the company, valued at $1,560,020. This represents a 42.86% decrease in their ownership of the stock. The sale was disclosed in a 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 currently owned by company insiders.

Entergy Stock Performance

Shares of NYSE ETR opened at $114.71 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 1.80. Entergy Corporation has a 12 month low of $83.14 and a 12 month high of $118.44. The company has a 50 day simple moving average of $112.17 and a two-hundred day simple moving average of $106.90. The stock has a market cap of $52.52 billion, a price-to-earnings ratio of 29.26, a PEG ratio of 1.95 and a beta of 0.50.

Entergy (NYSE:ETR) last released its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $2.89 billion. During the same quarter in the prior year, the business earned $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, analysts predict that Entergy Corporation will post 4.4 earnings per share for the current year.

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.