AMF Tjanstepension AB Acquires 10,517 Shares of Entergy Corporation $ETR

AMF Tjanstepension AB boosted its position in Entergy Corporation (NYSE:ETR) by 2.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 402,074 shares of the utilities provider’s stock after buying an additional 10,517 shares during the quarter. AMF Tjanstepension AB’s holdings in Entergy were worth $45,177,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of ETR. Brighton Jones LLC grew its holdings in Entergy by 275.6% during the 4th quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock valued at $696,000 after buying an additional 6,733 shares in the last quarter. Woodline Partners LP boosted its position in shares of 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 acquiring an additional 10,476 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Entergy during the 2nd quarter valued at about $6,869,000. Brown Advisory Inc. grew its holdings in shares of Entergy by 4.8% during the second quarter. Brown Advisory Inc. now owns 4,254 shares of the utilities provider’s stock worth $354,000 after purchasing an additional 193 shares in the last quarter. Finally, Qube Research & Technologies Ltd bought a new position in shares of Entergy in the second quarter worth approximately $17,225,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Stock Up 0.1%

Shares of Entergy stock opened at $115.22 on Monday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.73 and a current ratio of 0.96. Entergy Corporation has a 52-week low of $80.86 and a 52-week high of $118.44. The company’s 50 day moving average price is $112.19 and its 200-day moving average price is $106.28. The stock has a market capitalization of $52.76 billion, a price-to-earnings ratio of 29.39, a P/E/G ratio of 1.96 and a beta of 0.50.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.02. The business had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $2.89 billion. Entergy had a net margin of 13.48% and a return on equity of 10.75%. During the same quarter in the prior year, the company posted $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities research analysts forecast that Entergy Corporation will post 4.4 EPS for the current year.

Insider Transactions at Entergy

In related news, insider Haley Fisackerly sold 10,638 shares of the business’s stock in a transaction dated 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 transaction, the insider owned 14,182 shares in the company, valued at $1,560,020. The trade was a 42.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on ETR shares. Truist Financial set a $127.00 price objective on shares of Entergy and gave the company a “buy” rating in a research report on Friday, May 29th. Wall Street Zen upgraded shares of Entergy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. Morgan Stanley set a $94.00 target price on Entergy in a research note on Thursday, May 21st. Scotiabank restated a “sector outperform” rating on shares of Entergy in a research report on Wednesday, June 10th. Finally, Seaport Research Partners lowered Entergy from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Seventeen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from 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.