Entergy Corporation $ETR Shares Purchased by Verbena Value LP

Verbena Value LP boosted its position in shares of Entergy Corporation (NYSE:ETR) by 2.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 254,000 shares of the utilities provider’s stock after purchasing an additional 5,100 shares during the period. Entergy accounts for 4.7% of Verbena Value LP’s investment portfolio, making the stock its 10th biggest holding. Verbena Value LP’s holdings in Entergy were worth $28,539,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Fairway Wealth LLC acquired a new stake in shares of Entergy in the first quarter worth $30,000. United Community Bank raised its position in Entergy by 806.7% during 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 during the period. Washington Trust Advisors Inc. lifted its stake in Entergy by 119.4% in the 4th quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 154 shares in the last quarter. Union Savings Bank purchased a new stake in Entergy in the 4th quarter worth about $28,000. Finally, Valley National Advisers Inc. boosted 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 acquiring an additional 257 shares during the period. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analysts Set New Price Targets

ETR has been the topic of several research analyst reports. Truist Financial set a $127.00 target price on Entergy and gave the company a “buy” rating in a research note on Friday, May 29th. Evercore set a $123.00 price target on shares of Entergy in a report on Wednesday, June 10th. UBS Group restated a “buy” rating and set a $135.00 price target (up from $131.00) on shares of Entergy in a report on Thursday, April 30th. Barclays lowered their price objective on shares of Entergy from $124.00 to $119.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 3rd. Finally, Scotiabank reiterated a “sector outperform” rating on shares of Entergy in a research note on Wednesday, June 10th. Seventeen analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $119.68.

Insider Buying and Selling

In other Entergy news, insider Haley Fisackerly sold 10,638 shares of the business’s 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 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 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 Stock Up 0.1%

Shares of Entergy stock opened at $115.22 on Monday. The firm has a market cap of $52.76 billion, a price-to-earnings ratio of 29.39, a P/E/G ratio of 1.96 and a beta of 0.50. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.96 and a quick ratio of 0.73. Entergy Corporation has a 52-week low of $80.86 and a 52-week high of $118.44. The stock has a 50-day simple moving average of $112.19 and a 200-day simple moving average of $106.28.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $0.86 EPS 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 business had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $2.89 billion. During the same quarter in the previous year, the business posted $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.

About Entergy

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.