Burney Co. Sells 5,632 Shares of Entergy Corporation $ETR

Burney Co. decreased its holdings in Entergy Corporation (NYSE:ETR) by 28.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,218 shares of the utilities provider’s stock after selling 5,632 shares during the quarter. Burney Co.’s holdings in Entergy were worth $1,598,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC lifted its position in Entergy by 275.6% during the fourth quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock valued at $696,000 after purchasing an additional 6,733 shares during the period. Woodline Partners LP raised its stake in Entergy by 40.7% during the 1st quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider’s stock valued at $3,097,000 after buying an additional 10,476 shares during the last quarter. Marshall Wace LLP purchased a new stake in Entergy during the 2nd quarter valued at $6,869,000. Brown Advisory Inc. lifted its holdings in shares of Entergy by 4.8% during the 2nd quarter. Brown Advisory Inc. now owns 4,254 shares of the utilities provider’s stock valued at $354,000 after buying an additional 193 shares during the period. Finally, Qube Research & Technologies Ltd bought a new position in shares of Entergy during the 2nd quarter valued at $17,225,000. Institutional investors own 88.07% of the company’s stock.

Entergy Price Performance

Shares of Entergy stock opened at $114.32 on Thursday. The company has a market capitalization of $52.34 billion, a price-to-earnings ratio of 29.16, a PEG ratio of 1.97 and a beta of 0.50. 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 $112.16 and its 200-day simple moving average is $105.96. Entergy Corporation has a 52 week low of $80.35 and a 52 week high of $118.44.

Entergy (NYSE:ETR) last released its earnings results on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share (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 firm had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $2.89 billion. During the same quarter last year, the business posted $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, analysts expect that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ETR. Scotiabank reaffirmed a “sector outperform” rating on shares of Entergy in a report on Wednesday, June 10th. Weiss Ratings raised Entergy from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, May 14th. Citigroup reissued a “neutral” rating and issued a $121.00 target price (up from $116.00) on shares of Entergy in a research report on Tuesday, May 5th. Seaport Research Partners downgraded Entergy from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Entergy in a research report 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. Based on data from MarketBeat, Entergy presently has an average rating of “Moderate Buy” and a consensus price target of $119.68.

Insider Activity

In other 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 value of $1,170,180.00. Following the transaction, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by 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.