Soroban Capital Partners Reduces $166M in Entergy Corporation ($ETR)
Key Points
- Soroban Capital Partners changed its Entergy Corporation ($ETR) stake by 46.52% last quarter, cutting to 1,723,304 shares worth $190.94 million.
- Wall Street's consensus rating on $ETR is Buy and an average price target of $123.33.
- $ETR last traded around $110.80.
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
Soroban Capital Partners reduced its position in Entergy Corporation ($ETR) by 46.52% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,723,304 shares of Entergy Corporation after selling 1,499,230 shares during the quarter. Soroban Capital Partners's holdings in Entergy Corporation were worth $190.94 million as of its most recent filing.
Entergy Corporation Stock Up 4.8%
Shares of Entergy Corporation ($ETR) traded around $110.80 on Saturday, up 4.8% for the day.
Entergy Corporation Earnings
Entergy Corporation Dividend
Analysts Set New Price Targets
About Entergy Corporation
Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans. It also engages in the ownership of interests in non-nuclear power plants that sell electric power to wholesale customers, as well as provides decommissioning services to other nuclear power plant owners. It generates electricity through gas, nuclear, coal, hydro, and solar power sources. The company sells energy to retail power providers, utilities, electric power co-operatives, power trading organizations, and other power generation companies. The company's power plants have approximately 25,000 megawatts of electric generating capacity. It delivers electricity to 3.1 million utility customers in Arkansas, Louisiana, Mississippi, and Texas. Entergy Corporation was founded in 1913 and is headquartered in New Orleans, Louisiana.
Get Entergy Corporation alerts
New 13F filings, insider trades, and analyst moves on $ETR, sent to your inbox. Free, and you can unsubscribe anytime.
This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.