Sumitomo Mitsui Trust Group Inc. Has $105.01 Million Stock Holdings in Entergy Corporation $ETR

Sumitomo Mitsui Trust Group Inc. reduced its holdings in shares of Entergy Corporation (NYSE:ETR) by 5.3% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 934,599 shares of the utilities provider’s stock after selling 52,223 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Entergy were worth $105,012,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. United Community Bank boosted its position in 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. raised its holdings in Entergy by 119.4% in the 4th 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 during the last quarter. Union Savings Bank acquired a new position in Entergy in the 4th quarter valued at approximately $28,000. Fairway Wealth LLC acquired a new position in shares of Entergy during the first quarter worth $30,000. Finally, Valley National Advisers Inc. raised its position in Entergy by 306.0% during the 4th quarter. Valley National Advisers Inc. now owns 341 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 257 shares during the last quarter. Institutional investors own 88.07% of the company’s stock.

Entergy Stock Up 1.1%

Shares of NYSE ETR traded up $1.29 during midday trading on Friday, hitting $115.22. 2,484,227 shares of the stock traded hands, compared to its average volume of 3,035,122. 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 Corporation has a one year low of $80.86 and a one year high of $118.44. The business has a 50 day moving average price of $112.19 and a two-hundred day moving average price of $106.18. The company has a market cap of $52.76 billion, a PE ratio of 29.39, a P/E/G ratio of 1.94 and a beta of 0.50.

Entergy (NYSE:ETR) last issued its earnings results on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. The company had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $2.89 billion. Entergy had a return on equity of 10.75% and a net margin of 13.48%.During the same period last year, the business earned $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities analysts predict that Entergy Corporation will post 4.4 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on ETR shares. BMO Capital Markets set a $123.00 target price on shares of Entergy in a research report on Wednesday, June 10th. Wall Street Zen raised Entergy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. Barclays decreased their target price on Entergy from $124.00 to $119.00 and set an “overweight” rating for the company in a research note on Wednesday, June 3rd. Jefferies Financial Group reissued a “buy” rating on shares of Entergy in a research note on Wednesday, June 10th. Finally, KeyCorp reiterated an “overweight” rating and issued a $123.00 price objective (up from $118.00) on shares of Entergy in a research note 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.68.

Insider Activity

In other news, insider Haley Fisackerly sold 10,638 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider directly owned 14,182 shares of the company’s stock, valued at $1,560,020. The trade was a 42.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by corporate insiders.

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.