Quantinno Capital Management LP Purchases 22,040 Shares of Entergy Corporation $ETR

Quantinno Capital Management LP grew its position in Entergy Corporation (NYSE:ETR) by 12.4% during the 1st quarter, HoldingsChannel reports. The firm owned 199,760 shares of the utilities provider’s stock after purchasing an additional 22,040 shares during the quarter. Quantinno Capital Management LP’s holdings in Entergy were worth $22,445,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ETR. Pinnacle Wealth Management Advisory Group LLC increased its position in shares of Entergy by 3.6% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,623 shares of the utilities provider’s stock valued at $295,000 after buying an additional 90 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in Entergy by 9.2% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,096 shares of the utilities provider’s stock worth $126,000 after acquiring an additional 92 shares in the last quarter. Aristotle Capital Management LLC grew its stake in Entergy by 4.4% in the fourth quarter. Aristotle Capital Management LLC now owns 2,280 shares of the utilities provider’s stock valued at $211,000 after acquiring an additional 96 shares during the period. Founders Financial Securities LLC grew its stake in Entergy by 2.5% in the first quarter. Founders Financial Securities LLC now owns 4,094 shares of the utilities provider’s stock valued at $481,000 after acquiring an additional 101 shares during the period. Finally, Rehmann Capital Advisory Group increased its holdings in shares of Entergy by 2.8% in the fourth quarter. Rehmann Capital Advisory Group now owns 3,807 shares of the utilities provider’s stock worth $352,000 after acquiring an additional 102 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Wall Street Analyst Weigh In

ETR has been the topic of a number of research analyst reports. Seaport Research Partners lowered Entergy from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. Wall Street Zen raised Entergy from a “sell” rating to a “hold” rating in a research note on Saturday. JPMorgan Chase & Co. raised their target price on shares of Entergy from $129.00 to $139.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Evercore set a $123.00 price target on shares of Entergy in a research note on Wednesday, June 10th. Finally, BTIG Research reiterated a “buy” rating and issued a $126.00 price target on shares of Entergy in a report on Wednesday, June 10th. Seventeen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.05.

Insiders Place Their Bets

In other Entergy news, insider Haley Fisackerly sold 10,638 shares of the company’s stock in a transaction that occurred 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 transaction, the insider owned 14,182 shares of the company’s stock, valued at $1,560,020. This represents a 42.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through 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 Stock Performance

ETR opened at $107.95 on Friday. The company has a market capitalization of $49.43 billion, a price-to-earnings ratio of 27.68, a P/E/G ratio of 1.84 and a beta of 0.50. The business’s 50-day moving average price is $112.29 and its two-hundred day moving average price is $108.31. Entergy Corporation has a 1 year low of $86.40 and a 1 year high of $118.44. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.91 and a quick ratio of 0.73.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.02. The company had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.49 billion. Entergy had a return on equity of 10.53% and a net margin of 13.40%.During the same period in the prior year, the firm earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities analysts expect that Entergy Corporation will post 4.4 EPS for the current fiscal year.

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.