Principal Financial Group Inc. Has $71.11 Million Stock Holdings in Entergy Corporation $ETR

Principal Financial Group Inc. lessened its stake in Entergy Corporation (NYSE:ETR) by 1.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 632,837 shares of the utilities provider’s stock after selling 8,240 shares during the quarter. Principal Financial Group Inc.’s holdings in Entergy were worth $71,106,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ETR. Pinnacle Wealth Management Advisory Group LLC increased its position in shares of Entergy by 3.6% in 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 buying an additional 90 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in Entergy by 9.2% in 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 buying an additional 92 shares during the last quarter. Aristotle Capital Management LLC increased its position in shares of Entergy by 4.4% in the fourth quarter. Aristotle Capital Management LLC now owns 2,280 shares of the utilities provider’s stock valued at $211,000 after acquiring an additional 96 shares during the last quarter. Founders Financial Securities LLC raised its stake in shares of Entergy by 2.5% during the 1st quarter. Founders Financial Securities LLC now owns 4,094 shares of the utilities provider’s stock worth $481,000 after purchasing an additional 101 shares in the last quarter. Finally, Rehmann Capital Advisory Group raised its position in Entergy by 2.8% during the fourth quarter. Rehmann Capital Advisory Group now owns 3,807 shares of the utilities provider’s stock worth $352,000 after acquiring an additional 102 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

Insider Buying and Selling

In other Entergy news, insider Haley Fisackerly sold 10,638 shares of the firm’s stock in a transaction that occurred 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 sale, the insider owned 14,182 shares of the company’s stock, valued at approximately $1,560,020. This trade represents a 42.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by insiders.

Entergy Trading Up 0.4%

Shares of ETR stock opened at $114.71 on Friday. The stock has a market cap of $52.52 billion, a price-to-earnings ratio of 29.26, a PEG ratio of 1.95 and a beta of 0.50. The stock has a 50-day moving average of $112.17 and a 200-day moving average of $106.90. 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 Corporation has a 1-year low of $83.14 and a 1-year high of $118.44.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $0.86 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $2.89 billion. During the same quarter in the prior year, the firm posted $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities research analysts forecast that Entergy Corporation will post 4.4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ETR has been the topic of several research analyst reports. UBS Group restated a “buy” rating and issued a $135.00 price objective (up from $131.00) on shares of Entergy in a research note on Thursday, April 30th. Argus boosted their price objective on shares of Entergy from $100.00 to $118.00 and gave the company a “buy” rating in a report on Monday, April 6th. Wall Street Zen upgraded Entergy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. Scotiabank reiterated a “sector outperform” rating on shares of Entergy in a research report on Wednesday, June 10th. Finally, Morgan Stanley set a $94.00 price objective on Entergy in a research note on Thursday, May 21st. Seventeen research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $120.21.

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.