Liberty One Investment Management LLC Boosts Holdings in Entergy Corporation $ETR

Liberty One Investment Management LLC raised its position in Entergy Corporation (NYSE:ETR) by 7.6% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 67,942 shares of the utilities provider’s stock after buying an additional 4,781 shares during the quarter. Entergy comprises about 0.8% of Liberty One Investment Management LLC’s holdings, making the stock its 29th largest position. Liberty One Investment Management LLC’s holdings in Entergy were worth $7,634,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. United Community Bank boosted its holdings 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 acquiring an additional 242 shares in the last quarter. Washington Trust Advisors Inc. raised its holdings in Entergy by 119.4% during the fourth quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 154 shares in the last quarter. Union Savings Bank acquired a new stake in Entergy in the fourth quarter valued at about $28,000. Fairway Wealth LLC acquired a new stake in Entergy in the first quarter valued at about $30,000. Finally, Dynamic Wealth Strategies LLC purchased a new stake in Entergy in the 1st quarter valued at approximately $30,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ETR. Wall Street Zen raised Entergy from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 2nd. Argus lifted their price target on Entergy from $100.00 to $118.00 and gave the company a “buy” rating in a research note on Monday, April 6th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Entergy in a report on Wednesday, June 10th. Evercore set a $123.00 price objective on Entergy in a research report on Wednesday, June 10th. Finally, Weiss Ratings downgraded Entergy from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday. Seventeen investment 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $121.05.

Entergy Trading Up 0.9%

NYSE:ETR opened at $115.92 on Friday. The company has a market capitalization of $53.08 billion, a PE ratio of 29.57, a price-to-earnings-growth ratio of 1.96 and a beta of 0.50. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 1.80. Entergy Corporation has a 52-week low of $86.40 and a 52-week high of $118.44. The stock has a fifty day simple moving average of $112.28 and a 200-day simple moving average of $107.63.

Entergy (NYSE:ETR) last released its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.84 by $0.02. The business had revenue of $3.19 billion for the quarter, compared to analyst estimates 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 earned $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities research analysts expect that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Insider Activity at Entergy

In other news, insider Haley Fisackerly sold 10,638 shares of the stock in a transaction that occurred 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 sale, the insider directly owned 14,182 shares in the company, valued at $1,560,020. This represents a 42.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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.