Entergy Corporation $ETR Stock Position Reduced by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. trimmed its holdings in Entergy Corporation (NYSE:ETR) by 13.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,411,147 shares of the utilities provider’s stock after selling 223,691 shares during the quarter. Entergy comprises approximately 2.2% of Ferguson Wellman Capital Management Inc.’s portfolio, making the stock its 10th biggest position. Ferguson Wellman Capital Management Inc.’s holdings in Entergy were worth $158,556,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Brighton Jones LLC lifted its position in Entergy by 275.6% in the fourth quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock valued at $696,000 after acquiring an additional 6,733 shares during the last quarter. Woodline Partners LP lifted its holdings in shares of Entergy by 40.7% in the 1st quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider’s stock valued at $3,097,000 after purchasing an additional 10,476 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Entergy in the 2nd quarter valued at about $6,869,000. Brown Advisory Inc. boosted its position in shares of Entergy by 4.8% in the 2nd quarter. Brown Advisory Inc. now owns 4,254 shares of the utilities provider’s stock valued at $354,000 after purchasing an additional 193 shares during the period. Finally, Qube Research & Technologies Ltd purchased a new position in Entergy during the 2nd quarter worth approximately $17,225,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. 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. UBS Group restated a “buy” rating and set a $135.00 target price (up from $131.00) on shares of Entergy in a research report on Thursday, April 30th. Weiss Ratings upgraded shares of Entergy from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, May 14th. Scotiabank reiterated a “sector outperform” rating on shares of Entergy in a research note on Wednesday, June 10th. Finally, Truist Financial set a $127.00 price objective on shares of Entergy and gave the stock a “buy” rating in a research report on Friday, May 29th. Seventeen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $119.68.

Entergy Stock Performance

Entergy stock traded up $1.29 during mid-day trading on Friday, reaching $115.22. 2,484,227 shares of the company were exchanged, compared to its average volume of 3,035,122. Entergy Corporation has a twelve month low of $80.86 and a twelve month high of $118.44. The firm’s 50-day simple moving average is $112.19 and its two-hundred day simple moving average is $106.18. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.73 and a current ratio of 0.96. The firm has a market cap of $52.76 billion, a PE ratio of 29.39, a price-to-earnings-growth ratio of 1.96 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. Entergy had a return on equity of 10.75% and a net margin of 13.48%.The company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same period last year, the business posted $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities analysts predict that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Haley Fisackerly sold 10,638 shares of Entergy stock in a transaction on 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 $1,560,020. This trade represents a 42.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by company insiders.

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.