Jennison Associates LLC Decreases Stock Holdings in Entergy Corporation $ETR

Jennison Associates LLC trimmed its position in shares of Entergy Corporation (NYSE:ETR) by 25.0% in the 1st quarter, HoldingsChannel.com reports. The fund owned 1,965,259 shares of the utilities provider’s stock after selling 653,575 shares during the quarter. Jennison Associates LLC’s holdings in Entergy were worth $220,816,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Pinnacle Wealth Management Advisory Group LLC increased its holdings in Entergy by 3.6% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,623 shares of the utilities provider’s stock valued at $295,000 after purchasing an additional 90 shares during the period. Whittier Trust Co. of Nevada Inc. raised its position in Entergy by 9.2% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,096 shares of the utilities provider’s stock valued at $126,000 after purchasing an additional 92 shares during the last quarter. Aristotle Capital Management LLC lifted its holdings in Entergy by 4.4% in the 4th quarter. Aristotle Capital Management LLC now owns 2,280 shares of the utilities provider’s stock worth $211,000 after buying an additional 96 shares during the period. Founders Financial Securities LLC lifted its holdings in Entergy by 2.5% in the 1st quarter. Founders Financial Securities LLC now owns 4,094 shares of the utilities provider’s stock worth $481,000 after buying an additional 101 shares during the period. Finally, Rehmann Capital Advisory Group grew its position in shares of Entergy by 2.8% in the 4th quarter. Rehmann Capital Advisory Group now owns 3,807 shares of the utilities provider’s stock worth $352,000 after buying an additional 102 shares during the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Entergy

In other 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 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 position. The transaction 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. Company insiders own 0.21% of the company’s stock.

Entergy Trading Down 1.3%

ETR opened at $113.43 on Friday. The stock has a market cap of $51.94 billion, a PE ratio of 28.94, a PEG ratio of 1.93 and a beta of 0.50. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 1.80. The business has a 50 day moving average of $112.20 and a 200-day moving average of $106.95. Entergy Corporation has a 52 week low of $84.76 and a 52 week high of $118.44.

Entergy (NYSE:ETR) last released its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.02. The company had revenue of $3.19 billion for 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 in the previous year, the company posted $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities research analysts predict that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on ETR shares. Mizuho set a $122.00 target price on Entergy and gave the company an “outperform” rating in a report on Wednesday, June 10th. Jefferies Financial Group reissued a “buy” rating on shares of Entergy in a research report on Wednesday, June 10th. Wells Fargo & Company upped their price objective on shares of Entergy from $123.00 to $128.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. 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. Finally, BMO Capital Markets set a $123.00 target price on shares of Entergy in a research note on Wednesday, June 10th. Seventeen equities research analysts have rated the stock with a Buy rating, two have given 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 $120.21.

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.