CI Investments Inc. Decreases Stock Holdings in Entergy Corporation $ETR

CI Investments Inc. reduced its stake in shares of Entergy Corporation (NYSE:ETR) by 19.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 950,636 shares of the utilities provider’s stock after selling 236,216 shares during the quarter. CI Investments Inc.’s holdings in Entergy were worth $106,813,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Nordea Investment Management AB grew its holdings in shares of Entergy by 66.0% in the 4th quarter. Nordea Investment Management AB now owns 800,258 shares of the utilities provider’s stock worth $74,512,000 after acquiring an additional 318,221 shares during the period. World Investment Advisors raised its holdings in Entergy by 170.6% during the fourth quarter. World Investment Advisors now owns 60,579 shares of the utilities provider’s stock worth $5,303,000 after purchasing an additional 38,195 shares during the last quarter. Caliber Wealth Management LLC KS purchased a new stake in Entergy during the fourth quarter worth $2,404,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Entergy by 4.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 928,984 shares of the utilities provider’s stock worth $87,194,000 after purchasing an additional 38,742 shares in the last quarter. Finally, Phoenix Wealth Advisors acquired a new stake in Entergy in the fourth quarter valued at $1,502,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ETR has been the subject of a number of research analyst reports. Wall Street Zen upgraded Entergy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. Truist Financial set a $127.00 price objective on shares of Entergy and gave the company a “buy” rating in a research note on Friday, May 29th. Seaport Research Partners downgraded shares of Entergy from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. JPMorgan Chase & Co. lifted their target price on shares of Entergy from $129.00 to $139.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $126.00 price target on shares of Entergy in a report on Wednesday, June 10th. Seventeen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $120.21.

Entergy Trading Up 0.2%

Shares of ETR stock opened at $112.14 on Wednesday. The firm has a 50-day moving average price of $112.16 and a 200 day moving average price of $107.31. Entergy Corporation has a twelve month low of $86.40 and a twelve month high of $118.44. The company has a market capitalization of $51.35 billion, a price-to-earnings ratio of 28.61, a PEG ratio of 1.91 and a beta of 0.50. 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 (NYSE:ETR) last released its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.02. The company had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $2.89 billion. Entergy had a net margin of 13.48% and a return on equity of 10.75%. During the same period last year, the company earned $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.

Insider Buying and Selling

In other Entergy news, insider Haley Fisackerly sold 10,638 shares of Entergy 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 directly owned 14,182 shares of the company’s stock, valued at approximately $1,560,020. The trade was a 42.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.21% of the company’s stock.

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.