Lmcg Investments LLC Sells 23,738 Shares of Entergy Corporation $ETR

Lmcg Investments LLC lowered its holdings in shares of Entergy Corporation (NYSE:ETR) by 17.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 115,043 shares of the utilities provider’s stock after selling 23,738 shares during the quarter. Lmcg Investments LLC’s holdings in Entergy were worth $12,926,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Fairway Wealth LLC bought a new stake in Entergy in the first quarter worth $30,000. United Community Bank increased its holdings in shares of 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 buying an additional 242 shares during the period. Washington Trust Advisors Inc. increased its holdings 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 worth $26,000 after buying an additional 154 shares during the period. Union Savings Bank bought a new stake in shares of Entergy in the 4th quarter valued at about $28,000. Finally, Valley National Advisers Inc. boosted its holdings in Entergy by 306.0% during the 4th quarter. Valley National Advisers Inc. now owns 341 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 257 shares during the period. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Trading Up 1.2%

ETR opened at $115.15 on Wednesday. The stock has a market cap of $52.72 billion, a PE ratio of 29.37, a PEG ratio of 1.94 and a beta of 0.50. The business has a 50 day moving average of $112.15 and a 200-day moving average of $105.80. Entergy Corporation has a 52 week low of $80.11 and a 52 week 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.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $0.86 EPS for the quarter, beating 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 business had revenue of $3.19 billion during the quarter, compared to analyst estimates of $2.89 billion. During the same quarter last year, the firm posted $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities research analysts predict that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ETR has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price target on Entergy from $123.00 to $128.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. UBS Group restated a “buy” rating and issued a $135.00 target price (up from $131.00) on shares of Entergy in a report on Thursday, April 30th. Argus lifted their target price on shares of Entergy from $100.00 to $118.00 and gave the stock a “buy” rating in a research note on Monday, April 6th. BTIG Research reiterated a “buy” rating and set a $126.00 price target on shares of Entergy in a report on Wednesday, June 10th. Finally, Mizuho set a $122.00 price target on shares of Entergy and gave the company an “outperform” rating in a research report on Wednesday, June 10th. Seventeen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Entergy presently has an average rating of “Moderate Buy” and an average target price of $119.68.

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 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 $1,560,020. The trade was a 42.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, 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 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.