Excelsior Advisor Network LLC Takes $646,000 Position in Entergy Corporation $ETR

Excelsior Advisor Network LLC acquired a new position in Entergy Corporation (NYSE:ETR) in the 1st quarter, Holdings Channel.com reports. The firm acquired 5,750 shares of the utilities provider’s stock, valued at approximately $646,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its holdings in Entergy by 54.9% during the fourth quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider’s stock valued at $2,097,699,000 after purchasing an additional 8,046,287 shares during the period. Norges Bank bought a new position in shares of Entergy in the fourth quarter worth about $528,313,000. Morgan Stanley lifted its position in shares of Entergy by 22.9% during the 4th quarter. Morgan Stanley now owns 10,651,436 shares of the utilities provider’s stock valued at $984,512,000 after buying an additional 1,986,369 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of Entergy by 89.6% during the 4th quarter. Raymond James Financial Inc. now owns 3,866,426 shares of the utilities provider’s stock valued at $357,415,000 after acquiring an additional 1,826,782 shares during the period. Finally, Zimmer Partners LP bought a new position in shares of Entergy during the 4th quarter valued at approximately $153,616,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Scotiabank reissued a “sector outperform” rating on shares of Entergy in a research note on Wednesday, June 10th. Mizuho set a $122.00 price target on Entergy and gave the company an “outperform” rating in a report on Wednesday, June 10th. BMO Capital Markets boosted their price objective on Entergy from $123.00 to $124.00 and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Truist Financial set a $127.00 price objective on Entergy and gave the stock a “buy” rating in a research note on Friday, May 29th. Finally, KeyCorp reiterated an “overweight” rating and set a $123.00 target price (up from $118.00) on shares of Entergy in a research report on Tuesday, April 21st. Seventeen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $121.05.

Entergy Price Performance

Shares of NYSE:ETR opened at $113.91 on Tuesday. The firm has a market cap of $52.16 billion, a price-to-earnings ratio of 29.06, a P/E/G ratio of 1.98 and a beta of 0.50. The firm has a fifty day moving average price of $112.50 and a 200 day moving average price of $107.94. Entergy Corporation has a fifty-two week low of $86.40 and a fifty-two week high of $118.44. 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 announced its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.02. The company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $2.89 billion. Entergy had a net margin of 13.48% and a return on equity of 10.75%. During the same period in the previous year, the firm posted $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, sell-side analysts expect that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Haley Fisackerly sold 10,638 shares of Entergy stock in a transaction dated 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 sale, the insider directly owned 14,182 shares of the company’s stock, valued at approximately $1,560,020. The trade was a 42.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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 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.