Entergy Corporation $ETR Stock Holdings Raised by Reaves W H & Co. Inc.

Reaves W H & Co. Inc. lifted its holdings in Entergy Corporation (NYSE:ETR) by 6.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,446,593 shares of the utilities provider’s stock after buying an additional 158,226 shares during the quarter. Entergy makes up about 4.0% of Reaves W H & Co. Inc.’s portfolio, making the stock its 8th biggest position. Reaves W H & Co. Inc. owned 0.55% of Entergy worth $226,139,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. New York State Common Retirement Fund raised its holdings in shares of Entergy by 3.9% in the third quarter. New York State Common Retirement Fund now owns 184,690 shares of the utilities provider’s stock worth $17,211,000 after buying an additional 7,000 shares during the period. Nordea Investment Management AB raised its holdings in shares of Entergy by 66.0% in the fourth quarter. Nordea Investment Management AB now owns 800,258 shares of the utilities provider’s stock worth $74,512,000 after buying an additional 318,221 shares during the period. TD Waterhouse Canada Inc. raised its holdings in shares of Entergy by 124.6% in the third quarter. TD Waterhouse Canada Inc. now owns 24,949 shares of the utilities provider’s stock worth $2,335,000 after buying an additional 13,841 shares during the period. ANTIPODES PARTNERS Ltd purchased a new stake in shares of Entergy in the third quarter worth approximately $108,005,000. Finally, Aurora Investment Counsel purchased a new stake in shares of Entergy in the third quarter worth approximately $3,120,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ETR has been the topic of several research reports. Barclays raised their price objective on Entergy from $119.00 to $124.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Weiss Ratings raised Entergy from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, May 14th. Wall Street Zen upgraded Entergy from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 2nd. KeyCorp restated an “overweight” rating and issued a $123.00 price objective (up from $118.00) on shares of Entergy in a report on Tuesday, April 21st. Finally, Mizuho lifted their price objective on Entergy from $112.00 to $120.00 and gave the company an “outperform” rating in a report on Monday, March 30th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $118.84.

Entergy Stock Performance

Shares of ETR stock opened at $108.89 on Monday. The firm has a market cap of $49.86 billion, a price-to-earnings ratio of 27.78, a PEG ratio of 1.86 and a beta of 0.50. The company’s 50 day moving average is $111.85 and its 200 day moving average is $102.47. 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 Corporation has a 52-week low of $80.11 and a 52-week high of $118.44.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, beating 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 business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same period last year, the business posted $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, sell-side analysts anticipate that Entergy Corporation will post 4.4 EPS for the current fiscal year.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 1st will be given a dividend of $0.64 per share. The ex-dividend date of this dividend is Friday, May 1st. This represents a $2.56 dividend on an annualized basis and a yield of 2.4%. Entergy’s dividend payout ratio (DPR) is presently 65.31%.

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.