Entergy Corporation $ETR is Reaves W H & Co. Inc.’s 8th Largest Position

Reaves W H & Co. Inc. boosted its position in shares of Entergy Corporation (NYSE:ETR) by 6.9% in the fourth quarter, HoldingsChannel reports. The fund owned 2,446,593 shares of the utilities provider’s stock after purchasing an additional 158,226 shares during the quarter. Entergy makes up 4.0% of Reaves W H & Co. Inc.’s portfolio, making the stock its 8th largest position. Reaves W H & Co. Inc.’s holdings in Entergy were worth $226,139,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ETR. Peapack Gladstone Financial Corp increased its position in shares of Entergy by 1.0% during the fourth quarter. Peapack Gladstone Financial Corp now owns 28,792 shares of the utilities provider’s stock worth $2,661,000 after purchasing an additional 288 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position in shares of Entergy by 0.4% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 153,773 shares of the utilities provider’s stock worth $14,213,000 after purchasing an additional 641 shares in the last quarter. Founders Financial Securities LLC boosted its position in shares of Entergy by 3.1% in the 4th quarter. Founders Financial Securities LLC now owns 3,993 shares of the utilities provider’s stock worth $369,000 after purchasing an additional 121 shares in the last quarter. MUFG Securities EMEA plc boosted its position in shares of Entergy by 114.4% in the 4th quarter. MUFG Securities EMEA plc now owns 18,322 shares of the utilities provider’s stock worth $1,694,000 after purchasing an additional 9,777 shares in the last quarter. Finally, Texas Yale Capital Corp. boosted its position in shares of Entergy by 23.4% in the 4th quarter. Texas Yale Capital Corp. now owns 3,800 shares of the utilities provider’s stock worth $351,000 after purchasing an additional 720 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Stock Performance

Shares of ETR opened at $108.89 on Monday. The stock has a 50-day moving average of $111.85 and a two-hundred day moving average of $102.47. Entergy Corporation has a one year low of $80.11 and a one year high of $118.44. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.73 and a current ratio of 0.96. The stock has a market cap of $49.86 billion, a P/E ratio of 27.78, a P/E/G ratio of 1.86 and a beta of 0.50.

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

Entergy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 1st will be issued a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, May 1st. Entergy’s dividend payout ratio is 65.31%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Jefferies Financial Group reissued a “buy” rating and issued a $131.00 price objective (up from $114.00) on shares of Entergy in a research report on Monday, April 20th. Seaport Research Partners cut Entergy from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. Weiss Ratings raised Entergy from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, May 14th. Barclays raised their price objective on Entergy from $119.00 to $124.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Finally, KeyCorp reissued an “overweight” rating and issued a $123.00 price objective (up from $118.00) on shares of Entergy in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $118.84.

About Entergy

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.