Bank of Nova Scotia Sells 51,203 Shares of Entergy Corporation $ETR

Bank of Nova Scotia decreased its holdings in shares of Entergy Corporation (NYSE:ETR) by 47.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 57,101 shares of the utilities provider’s stock after selling 51,203 shares during the period. Bank of Nova Scotia’s holdings in Entergy were worth $6,416,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Entergy by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 58,537,223 shares of the utilities provider’s stock worth $5,410,596,000 after acquiring an additional 589,317 shares in the last quarter. State Street Corp lifted its position in Entergy by 4.4% in the 4th quarter. State Street Corp now owns 24,356,461 shares of the utilities provider’s stock valued at $2,251,268,000 after acquiring an additional 1,018,503 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Entergy by 54.9% during the 4th quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider’s stock valued at $2,097,699,000 after purchasing an additional 8,046,287 shares during the last quarter. Geode Capital Management LLC boosted its stake in Entergy by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 11,607,806 shares of the utilities provider’s stock valued at $1,068,725,000 after purchasing an additional 126,625 shares during the last quarter. Finally, Morgan Stanley increased its holdings in Entergy by 22.9% during the 4th quarter. Morgan Stanley now owns 10,651,436 shares of the utilities provider’s stock worth $984,512,000 after purchasing an additional 1,986,369 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

Entergy Price Performance

Shares of NYSE ETR opened at $113.91 on Tuesday. The company has a market capitalization of $52.16 billion, a PE ratio of 29.06, a PEG ratio of 1.98 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 moving average price is $112.50 and its 200-day moving average price is $107.94. Entergy Corporation has a twelve month low of $86.40 and a twelve month high of $118.44.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.02. The company 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 period 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 anticipate that Entergy Corporation will post 4.4 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on ETR shares. Evercore set a $123.00 price objective on Entergy in a research note on Wednesday, June 10th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Entergy in a research report on Wednesday, June 10th. Scotiabank reiterated a “sector outperform” rating on shares of Entergy in a report on Wednesday, June 10th. Barclays lowered their price target on Entergy from $124.00 to $119.00 and set an “overweight” rating for the company in a research report on Wednesday, June 3rd. Finally, Weiss Ratings cut Entergy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, July 20th. Seventeen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Entergy presently has an average rating of “Moderate Buy” and an average target price of $121.05.

Insider Transactions at Entergy

In other Entergy news, insider Haley Fisackerly sold 10,638 shares of the company’s 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 completion of the transaction, the insider owned 14,182 shares in the company, valued at $1,560,020. This represents a 42.86% decrease in their position. The sale 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 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.