Kestra Advisory Services LLC Buys 11,818 Shares of Entergy Corporation $ETR

Kestra Advisory Services LLC increased its position in Entergy Corporation (NYSE:ETR) by 54.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,443 shares of the utilities provider’s stock after purchasing an additional 11,818 shares during the quarter. Kestra Advisory Services LLC’s holdings in Entergy were worth $3,758,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ETR. Fairway Wealth LLC purchased a new stake in Entergy in the first quarter worth about $30,000. United Community Bank boosted its stake in 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. grew its stake in Entergy by 119.4% during the 4th quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock worth $26,000 after buying an additional 154 shares during the last quarter. Union Savings Bank purchased a new stake in shares of Entergy during the fourth quarter worth about $28,000. Finally, Valley National Advisers Inc. grew 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 purchasing an additional 257 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on ETR. Wells Fargo & Company boosted their price target on Entergy from $123.00 to $128.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Mizuho set a $122.00 price target on shares of Entergy and gave the company an “outperform” rating in a report on Wednesday, June 10th. Truist Financial set a $127.00 price objective on shares of Entergy and gave the stock a “buy” rating in a research note on Friday, May 29th. KeyCorp restated an “overweight” rating and set a $123.00 target price (up from $118.00) on shares of Entergy in a research report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Entergy from $129.00 to $139.00 and gave the company an “overweight” rating in a research note on Thursday. Seventeen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $120.21.

Entergy Price Performance

ETR stock opened at $113.43 on Friday. Entergy Corporation has a 1 year low of $84.76 and a 1 year high of $118.44. The firm has a market capitalization of $51.94 billion, a PE ratio of 28.94, a price-to-earnings-growth ratio of 1.96 and a beta of 0.50. The business has a 50 day simple moving average of $112.20 and a 200-day simple moving average of $106.95. 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 (NYSE:ETR) last posted its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $0.86 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $2.89 billion. During the same quarter in the previous year, the firm earned $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities research analysts anticipate that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Insider Transactions at Entergy

In other Entergy news, insider Haley Fisackerly sold 10,638 shares of Entergy stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $110.00, for a total value of $1,170,180.00. Following the sale, the insider owned 14,182 shares in the company, valued at $1,560,020. The trade was 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 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.