Entergy (NYSE:ETR) Insider Haley Fisackerly Sells 10,638 Shares

Entergy Corporation (NYSE:ETR) insider Haley Fisackerly sold 10,638 shares of Entergy stock in a transaction dated 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 transaction, the insider 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Entergy Price Performance

ETR opened at $110.87 on Friday. The business’s 50-day moving average is $112.48 and its two-hundred day moving average is $102.87. Entergy Corporation has a 1 year low of $80.11 and a 1 year high of $118.44. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.96 and a quick ratio of 0.73. The firm has a market capitalization of $50.77 billion, a PE ratio of 28.28, a price-to-earnings-growth ratio of 1.86 and a beta of 0.50.

Entergy (NYSE:ETR) last posted its earnings results on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share (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 company had revenue of $3.19 billion for the quarter, compared to analyst estimates of $2.89 billion. During the same quarter in the previous year, the firm earned $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Research analysts anticipate that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 1st were paid a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 2.3%. The ex-dividend date was Friday, May 1st. Entergy’s payout ratio is 65.31%.

Hedge Funds Weigh In On Entergy

A number of institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC lifted its holdings in Entergy by 4.9% in the first quarter. Parallel Advisors LLC now owns 7,549 shares of the utilities provider’s stock valued at $848,000 after acquiring an additional 354 shares during the period. NewEdge Advisors LLC lifted its holdings in Entergy by 382.6% in the first quarter. NewEdge Advisors LLC now owns 485,852 shares of the utilities provider’s stock valued at $54,590,000 after acquiring an additional 385,178 shares during the period. Optiver Holding B.V. acquired a new position in Entergy in the first quarter valued at approximately $300,000. Groupama Asset Managment lifted its holdings in Entergy by 5.1% in the first quarter. Groupama Asset Managment now owns 695,812 shares of the utilities provider’s stock valued at $78,181,000 after acquiring an additional 33,493 shares during the period. Finally, Western Wealth Management LLC lifted its holdings in Entergy by 5.4% in the first quarter. Western Wealth Management LLC now owns 5,285 shares of the utilities provider’s stock valued at $594,000 after acquiring an additional 269 shares during the period. 88.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on ETR shares. BMO Capital Markets lifted their target price on Entergy from $118.00 to $127.00 and gave the company an “outperform” rating in a research note on Monday, April 13th. Citigroup reissued a “neutral” rating and issued a $121.00 price target (up from $116.00) on shares of Entergy in a report on Tuesday, May 5th. Morgan Stanley set a $94.00 price target on Entergy in a report on Thursday, May 21st. Argus raised their price target on Entergy from $100.00 to $118.00 and gave the stock a “buy” rating in a report on Monday, April 6th. Finally, UBS Group reissued a “buy” rating and issued a $135.00 price target (up from $131.00) on shares of Entergy in a report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $118.58.

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.