Kentucky Retirement Systems Sells 13,312 Shares of Entergy Corporation $ETR

Kentucky Retirement Systems lowered its stake in Entergy Corporation (NYSE:ETR) by 47.5% during the first quarter, Holdings Channel.com reports. The fund owned 14,722 shares of the utilities provider’s stock after selling 13,312 shares during the period. Kentucky Retirement Systems’ holdings in Entergy were worth $1,654,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Dynamic Wealth Strategies LLC acquired a new position in shares of Entergy during the 1st quarter worth approximately $30,000. Fairway Wealth LLC acquired a new stake in shares of Entergy in the 1st quarter valued at approximately $30,000. United Community Bank grew its stake in shares of Entergy by 806.7% in the fourth 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. grew its stake in shares of Entergy by 119.4% in the fourth quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock valued at $26,000 after buying an additional 154 shares in the last quarter. Finally, Union Savings Bank acquired a new position in Entergy during the fourth quarter worth $28,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Entergy Stock Performance

NYSE:ETR opened at $107.95 on Friday. The stock has a 50 day simple moving average of $112.29 and a 200 day simple moving average of $108.31. The stock has a market cap of $49.43 billion, a P/E ratio of 27.68, a PEG ratio of 1.85 and a beta of 0.50. Entergy Corporation has a 1-year low of $86.40 and a 1-year high of $118.44. The company has a current ratio of 0.91, a quick ratio of 0.73 and a debt-to-equity ratio of 1.73.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.02. The firm had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.49 billion. Entergy had a return on equity of 10.53% and a net margin of 13.40%.During the same period in the prior year, the firm posted $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Research analysts anticipate that Entergy Corporation will post 4.4 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on ETR. Scotiabank reiterated a “sector outperform” rating on shares of Entergy in a research note on Wednesday, June 10th. BTIG Research restated a “buy” rating and set a $126.00 price objective on shares of Entergy in a research note on Wednesday, June 10th. KeyCorp reaffirmed an “overweight” rating and issued a $123.00 target price (up from $118.00) on shares of Entergy in a report on Tuesday, April 21st. Citigroup reiterated a “neutral” rating and issued a $121.00 target price (up from $116.00) on shares of Entergy in a research note on Tuesday, May 5th. Finally, JPMorgan Chase & Co. lifted their price target on Entergy from $129.00 to $139.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Seventeen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $121.05.

Insider Activity

In related 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.21% of the company’s stock.

Entergy Company 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.