Spartan Wealth Advisory Services LLC Purchases New Stake in Entergy Corporation $ETR

Spartan Wealth Advisory Services LLC acquired a new position in shares of Entergy Corporation (NYSE:ETR) in the 1st quarter, Holdings Channel.com reports. The firm acquired 16,154 shares of the utilities provider’s stock, valued at approximately $1,815,000.

Several other hedge funds have also recently bought and sold shares of ETR. United Community Bank raised its position in shares of Entergy by 806.7% in the 4th quarter. United Community Bank now owns 272 shares of the utilities provider’s stock valued at $25,000 after buying an additional 242 shares in the last quarter. Washington Trust Advisors Inc. boosted its position in shares of Entergy by 119.4% during the 4th quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 154 shares in the last quarter. Union Savings Bank acquired a new stake in shares of Entergy during the 4th quarter worth approximately $28,000. Fairway Wealth LLC bought a new position in Entergy in the first quarter valued at approximately $30,000. Finally, Valley National Advisers Inc. increased its stake in Entergy by 306.0% in the fourth quarter. Valley National Advisers Inc. now owns 341 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 257 shares during the last quarter. 88.07% of the stock is owned by institutional investors.

Insider Activity

In other 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 directly owned 14,182 shares in the company, valued at approximately $1,560,020. This represents a 42.86% decrease in their position. The sale 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. Company insiders own 0.21% of the company’s stock.

Entergy Price Performance

ETR stock opened at $113.43 on Friday. The company has a 50 day simple moving average of $112.20 and a 200 day simple moving average of $106.95. The stock has a market cap of $51.94 billion, a price-to-earnings ratio of 28.94, a P/E/G ratio of 1.93 and a beta of 0.50. Entergy Corporation has a 1 year low of $84.76 and a 1 year high of $118.44. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.96 and a quick ratio of 0.73.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $0.86 EPS for the quarter, beating the consensus estimate of $0.84 by $0.02. Entergy had a net margin of 13.48% and a return on equity of 10.75%. The business had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter in the prior year, the firm earned $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Research analysts anticipate that Entergy Corporation will post 4.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ETR has been the subject of several research analyst reports. BTIG Research restated a “buy” rating and set a $126.00 price objective on shares of Entergy in a research report on Wednesday, June 10th. Weiss Ratings raised Entergy from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, May 14th. JPMorgan Chase & Co. lifted their price target on Entergy from $129.00 to $139.00 and gave the company an “overweight” rating in a research note on Thursday. BMO Capital Markets set a $123.00 price target on Entergy in a report on Wednesday, June 10th. Finally, Barclays dropped their price objective on Entergy from $124.00 to $119.00 and set an “overweight” rating for the company in a research report on Wednesday, June 3rd. Seventeen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.