Pictet Asset Management Holding SA Cuts Position in Entergy Corporation $ETR

Pictet Asset Management Holding SA cut its holdings in Entergy Corporation (NYSE:ETR) by 1.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,434,042 shares of the utilities provider’s stock after selling 36,554 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Entergy were worth $273,489,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC raised its holdings in shares of Entergy by 275.6% during the fourth quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock valued at $696,000 after acquiring an additional 6,733 shares during the last quarter. Woodline Partners LP boosted its stake in Entergy by 40.7% during the 1st quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider’s stock worth $3,097,000 after purchasing an additional 10,476 shares during the last quarter. Marshall Wace LLP acquired a new stake in Entergy during the 2nd quarter worth $6,869,000. Brown Advisory Inc. grew its holdings in shares of Entergy by 4.8% during the second quarter. Brown Advisory Inc. now owns 4,254 shares of the utilities provider’s stock worth $354,000 after buying an additional 193 shares in the last quarter. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of Entergy during the second quarter worth $17,225,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

ETR has been the subject of a number of recent research reports. KeyCorp reiterated an “overweight” rating and issued a $123.00 price objective (up from $118.00) on shares of Entergy in a report on Tuesday, April 21st. Wells Fargo & Company upped their price target on Entergy from $123.00 to $128.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. lifted their price objective on Entergy from $126.00 to $129.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Seaport Research Partners lowered Entergy from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Finally, Weiss Ratings raised Entergy from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, May 14th. Seventeen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Entergy has a consensus rating of “Moderate Buy” and an average target price of $119.68.

Entergy Trading Up 0.5%

Shares of NYSE ETR opened at $115.91 on Friday. The stock has a fifty day simple moving average of $111.97 and a 200-day simple moving average of $104.64. Entergy Corporation has a twelve month low of $80.11 and a twelve month high of $118.44. The stock has a market capitalization of $53.07 billion, a PE ratio of 29.57, a PEG ratio of 1.98 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 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 during the quarter, compared to the consensus estimate 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 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities analysts forecast that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 1st were issued a $0.64 dividend. The ex-dividend date was Friday, May 1st. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.2%. Entergy’s payout ratio is 65.31%.

Insider Buying and Selling at Entergy

In related news, insider Haley Fisackerly sold 10,638 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total transaction 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 sale was disclosed in a 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.

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.