Fifth Third Bancorp Purchases 102,976 Shares of Entergy Corporation $ETR

Fifth Third Bancorp lifted its position in Entergy Corporation (NYSE:ETR) by 728.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 117,107 shares of the utilities provider’s stock after buying an additional 102,976 shares during the period. Fifth Third Bancorp’s holdings in Entergy were worth $13,158,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in Entergy by 54.9% in the fourth quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider’s stock valued at $2,097,699,000 after acquiring an additional 8,046,287 shares during the period. Norges Bank acquired a new stake in shares of Entergy during the fourth quarter worth about $528,313,000. Morgan Stanley lifted its holdings in shares of Entergy by 22.9% during the 4th quarter. Morgan Stanley now owns 10,651,436 shares of the utilities provider’s stock valued at $984,512,000 after purchasing an additional 1,986,369 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in shares of Entergy by 89.6% during the 4th quarter. Raymond James Financial Inc. now owns 3,866,426 shares of the utilities provider’s stock valued at $357,415,000 after purchasing an additional 1,826,782 shares in the last quarter. Finally, Zimmer Partners LP acquired a new position in shares of Entergy in the 4th quarter valued at approximately $153,616,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. JPMorgan Chase & Co. raised their target price on shares of Entergy from $126.00 to $129.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Truist Financial set a $127.00 price target on shares of Entergy and gave the company a “buy” rating in a report on Friday, May 29th. Wall Street Zen raised shares of Entergy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. Evercore set a $123.00 price objective on shares of Entergy in a report on Wednesday, June 10th. Finally, Morgan Stanley set a $94.00 price objective on shares of Entergy in a research report on Thursday, May 21st. Seventeen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $119.68.

Entergy Trading Up 0.5%

NYSE ETR opened at $115.42 on Wednesday. The stock has a market capitalization of $52.85 billion, a price-to-earnings ratio of 29.44, a PEG ratio of 1.96 and a beta of 0.50. The stock’s 50 day moving average price is $112.08 and its two-hundred day moving average price is $106.60. 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 52 week low of $81.91 and a 52 week high of $118.44.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.02. Entergy had a net margin of 13.48% and a return on equity of 10.75%. The company had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $2.89 billion. 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. As a group, analysts anticipate that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Entergy 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 sale, the insider directly owned 14,182 shares in the company, valued at approximately $1,560,020. The trade was a 42.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.21% of the company’s stock.

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.