Fjarde AP Fonden Fourth Swedish National Pension Fund Makes New Investment in Entergy Corporation $ETR

Fjarde AP Fonden Fourth Swedish National Pension Fund bought a new position in shares of Entergy Corporation (NYSE:ETR) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 40,850 shares of the utilities provider’s stock, valued at approximately $4,590,000.

Several other institutional investors and hedge funds have also modified their holdings of ETR. United Community Bank raised its stake in Entergy by 806.7% in the 4th quarter. United Community Bank now owns 272 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 242 shares in the last quarter. Washington Trust Advisors Inc. raised its position in shares of Entergy by 119.4% in the fourth quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock valued at $26,000 after buying an additional 154 shares in the last quarter. Union Savings Bank acquired a new stake in shares of Entergy in the fourth quarter valued at approximately $28,000. Fairway Wealth LLC bought a new stake in shares of Entergy in the first quarter valued at approximately $30,000. Finally, Valley National Advisers Inc. increased its stake 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. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Entergy news, insider Haley Fisackerly sold 10,638 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total transaction of $1,170,180.00. Following the sale, the insider owned 14,182 shares of the company’s stock, valued at approximately $1,560,020. The trade was a 42.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed 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 Stock Performance

NYSE:ETR opened at $113.82 on Tuesday. Entergy Corporation has a twelve month low of $80.11 and a twelve month high of $118.44. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 1.80. The stock’s 50-day simple moving average is $112.12 and its 200 day simple moving average is $105.49. The firm has a market capitalization of $52.12 billion, a PE ratio of 29.04, a price-to-earnings-growth ratio of 1.96 and a beta of 0.50.

Entergy (NYSE:ETR) last issued its 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. The firm had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $2.89 billion. Entergy had a return on equity of 10.75% and a net margin of 13.48%.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. On average, analysts anticipate that Entergy Corporation will post 4.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on ETR shares. Morgan Stanley set a $94.00 target price on Entergy in a report on Thursday, May 21st. Seaport Research Partners downgraded shares of Entergy from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. BTIG Research reissued a “buy” rating and issued a $126.00 target price on shares of Entergy in a report on Wednesday, June 10th. Wall Street Zen raised shares of Entergy from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. Finally, Barclays reduced their price target 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. Seventeen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $119.68.

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.