Entergy Corporation $ETR Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC raised its position in Entergy Corporation (NYSE:ETR) by 91.4% during the first quarter, HoldingsChannel.com reports. The firm owned 222,006 shares of the utilities provider’s stock after buying an additional 105,992 shares during the quarter. SG Americas Securities LLC’s holdings in Entergy were worth $24,945,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Aristotle Capital Management LLC grew its holdings in shares of Entergy by 4.4% during the 4th quarter. Aristotle Capital Management LLC now owns 2,280 shares of the utilities provider’s stock worth $211,000 after purchasing an additional 96 shares during the period. Founders Financial Securities LLC raised its holdings in Entergy by 2.5% in the first quarter. Founders Financial Securities LLC now owns 4,094 shares of the utilities provider’s stock valued at $481,000 after buying an additional 101 shares during the period. Rehmann Capital Advisory Group lifted 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 valued at $352,000 after buying an additional 102 shares in the last quarter. MFA Wealth Services lifted its position in Entergy by 3.8% during the third quarter. MFA Wealth Services now owns 2,891 shares of the utilities provider’s stock valued at $269,000 after buying an additional 107 shares in the last quarter. Finally, Oakworth Capital Inc. grew its stake in Entergy by 7.6% during the fourth quarter. Oakworth Capital Inc. now owns 1,543 shares of the utilities provider’s stock worth $143,000 after buying an additional 109 shares during the period. 88.07% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Entergy

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 transaction 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by corporate insiders.

Entergy Trading Up 0.6%

ETR opened at $114.51 on Thursday. The firm’s 50 day moving average is $111.96 and its 200-day moving average is $104.42. Entergy Corporation has a 52-week low of $80.11 and a 52-week high of $118.44. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 1.80. The firm has a market capitalization of $52.43 billion, a P/E ratio of 29.21, a P/E/G ratio of 1.94 and a beta of 0.50.

Entergy (NYSE:ETR) last announced 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 business had revenue of $3.19 billion during 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 prior year, the firm earned $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Analysts expect that Entergy Corporation will post 4.4 EPS for the current fiscal year.

Entergy Announces Dividend

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

Analyst Ratings Changes

ETR has been the subject of several recent research reports. Jefferies Financial Group reissued a “buy” rating on shares of Entergy in a research report on Wednesday, June 10th. Scotiabank restated a “sector outperform” rating on shares of Entergy in a report on Wednesday, June 10th. UBS Group reaffirmed a “buy” rating and set a $135.00 price target (up from $131.00) on shares of Entergy in a research report on Thursday, April 30th. JPMorgan Chase & Co. raised their price objective on Entergy from $126.00 to $129.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Finally, Wells Fargo & Company raised their price objective on Entergy from $123.00 to $128.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Seventeen research 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 data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $119.68.

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.