Elevated Capital Advisors LLC Has $321,000 Position in Entergy Corporation $ETR

Elevated Capital Advisors LLC lessened its holdings in Entergy Corporation (NYSE:ETR) by 78.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,856 shares of the utilities provider’s stock after selling 10,400 shares during the quarter. Elevated Capital Advisors LLC’s holdings in Entergy were worth $321,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Fairway Wealth LLC acquired a new stake in shares of Entergy during the 1st quarter valued at about $30,000. United Community Bank raised its position in Entergy by 806.7% in the fourth 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. lifted its stake in Entergy by 119.4% during the fourth quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 154 shares during the period. Union Savings Bank bought a new position in Entergy during the fourth quarter worth about $28,000. Finally, Valley National Advisers Inc. boosted its holdings in Entergy by 306.0% during the fourth quarter. Valley National Advisers Inc. now owns 341 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 257 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Price Performance

Shares of Entergy stock opened at $115.22 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 1.80. The stock has a market capitalization of $52.76 billion, a price-to-earnings ratio of 29.39, a P/E/G ratio of 1.94 and a beta of 0.50. Entergy Corporation has a 1-year low of $80.86 and a 1-year high of $118.44. The firm’s 50-day moving average price is $112.19 and its two-hundred day moving average price is $106.18.

Entergy (NYSE:ETR) last posted its quarterly earnings data 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 analyst estimates 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. On average, equities analysts predict that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ETR has been the topic of several analyst reports. KeyCorp reiterated an “overweight” rating and issued a $123.00 price objective (up from $118.00) on shares of Entergy in a research note on Tuesday, April 21st. Jefferies Financial Group restated a “buy” rating on shares of Entergy in a research report on Wednesday, June 10th. Morgan Stanley set a $94.00 price target on Entergy in a research note on Thursday, May 21st. Citigroup reiterated a “neutral” rating and issued a $121.00 price target (up from $116.00) on shares of Entergy in a research report on Tuesday, May 5th. Finally, UBS Group reiterated a “buy” rating and set a $135.00 price objective (up from $131.00) on shares of Entergy in a research note on Thursday, April 30th. Seventeen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $119.68.

Insider Buying and Selling

In related news, insider Haley Fisackerly sold 10,638 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $110.00, for a total transaction of $1,170,180.00. Following the completion of the sale, the insider directly owned 14,182 shares of the company’s stock, valued at $1,560,020. This trade represents a 42.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 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.