Verbena Value LP Purchases 5,100 Shares of Entergy Corporation $ETR

Verbena Value LP boosted its holdings in Entergy Corporation (NYSE:ETR) by 2.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 254,000 shares of the utilities provider’s stock after purchasing an additional 5,100 shares during the quarter. Entergy makes up about 4.7% of Verbena Value LP’s investment portfolio, making the stock its 10th largest holding. Verbena Value LP owned about 0.06% of Entergy worth $28,539,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Entergy by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 58,537,223 shares of the utilities provider’s stock valued at $5,410,596,000 after buying an additional 589,317 shares during the last quarter. State Street Corp grew its holdings in shares of Entergy by 4.4% during the fourth quarter. State Street Corp now owns 24,356,461 shares of the utilities provider’s stock valued at $2,251,268,000 after purchasing an additional 1,018,503 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Entergy by 54.9% during the 4th quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider’s stock worth $2,097,699,000 after purchasing an additional 8,046,287 shares during the period. Bank of America Corp DE lifted its holdings in shares of Entergy by 2.9% in the 3rd quarter. Bank of America Corp DE now owns 16,034,738 shares of the utilities provider’s stock worth $1,494,277,000 after purchasing an additional 452,562 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Entergy by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 11,607,806 shares of the utilities provider’s stock valued at $1,068,725,000 after purchasing an additional 126,625 shares during the period. 88.07% of the stock is owned by institutional investors and hedge funds.

Entergy Price Performance

NYSE ETR opened at $115.22 on Monday. The stock has a market capitalization of $52.76 billion, a P/E ratio of 29.39, a P/E/G ratio of 1.96 and a beta of 0.50. Entergy Corporation has a 1 year low of $80.86 and a 1 year high of $118.44. The business’s fifty day moving average is $112.19 and its two-hundred day moving average is $106.28. 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 (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 the consensus estimate of $0.84 by $0.02. The business had revenue of $3.19 billion during the quarter, compared to analyst estimates of $2.89 billion. Entergy had a return on equity of 10.75% and a net margin of 13.48%.During the same period last year, the company posted $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, research analysts forecast that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Insider Activity at Entergy

In related news, insider Haley Fisackerly sold 10,638 shares of the stock in a transaction on 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 completion of the transaction, the insider owned 14,182 shares in the company, valued at $1,560,020. This trade represents a 42.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 corporate insiders.

Analyst Ratings Changes

Several brokerages have weighed in on ETR. Citigroup reaffirmed a “neutral” rating and issued a $121.00 target price (up from $116.00) on shares of Entergy in a research report on Tuesday, May 5th. Argus lifted 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. Wall Street Zen raised shares of Entergy from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 2nd. BMO Capital Markets set a $123.00 price target on shares of Entergy in a research note on Wednesday, June 10th. Finally, Weiss Ratings raised Entergy from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, May 14th. 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’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $119.68.

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.