216,584 Shares in Entergy Corporation $ETR Purchased by Waratah Capital Advisors Ltd.

Waratah Capital Advisors Ltd. bought a new stake in Entergy Corporation (NYSE:ETR) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 216,584 shares of the utilities provider’s stock, valued at approximately $20,183,000.

Other hedge funds also recently made changes to their positions in the company. Palumbo Wealth Management LLC lifted its position in shares of Entergy by 0.5% in the third quarter. Palumbo Wealth Management LLC now owns 49,191 shares of the utilities provider’s stock worth $4,572,000 after purchasing an additional 249 shares in the last quarter. First American Trust FSB grew its position in Entergy by 1.6% in the third quarter. First American Trust FSB now owns 46,394 shares of the utilities provider’s stock valued at $4,323,000 after purchasing an additional 737 shares in the last quarter. Mufg Securities Americas Inc. increased its stake in Entergy by 21.7% in the 3rd quarter. Mufg Securities Americas Inc. now owns 12,038 shares of the utilities provider’s stock valued at $1,122,000 after buying an additional 2,146 shares during the last quarter. Compound Planning Inc. lifted its position in Entergy by 23.9% during the 3rd quarter. Compound Planning Inc. now owns 7,357 shares of the utilities provider’s stock worth $686,000 after buying an additional 1,417 shares in the last quarter. Finally, Stonebrook Private Inc. acquired a new position in shares of Entergy during the 3rd quarter worth about $439,000. 88.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ETR shares. Argus set a $100.00 target price on Entergy and gave the company a “buy” rating in a research report on Tuesday, January 6th. Citigroup boosted their price target on Entergy from $91.00 to $106.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 18th. Royal Bank Of Canada reiterated an “outperform” rating and set a $112.00 price objective on shares of Entergy in a research note on Friday, January 23rd. UBS Group reissued a “buy” rating and issued a $105.00 target price (up from $96.00) on shares of Entergy in a research note on Wednesday, December 17th. Finally, Evercore boosted their target price on shares of Entergy from $98.00 to $101.00 and gave the stock an “in-line” rating in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen 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 MarketBeat, Entergy has a consensus rating of “Moderate Buy” and a consensus target price of $106.11.

Entergy Stock Up 0.3%

ETR stock opened at $105.15 on Wednesday. The company has a current ratio of 0.74, a quick ratio of 0.51 and a debt-to-equity ratio of 1.65. The firm has a market capitalization of $47.63 billion, a PE ratio of 26.89, a PEG ratio of 2.07 and a beta of 0.65. Entergy Corporation has a 1-year low of $75.57 and a 1-year high of $106.71. The business’s 50 day simple moving average is $96.25 and its 200 day simple moving average is $94.10.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Thursday, February 12th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.01). Entergy had a net margin of 13.66% and a return on equity of 10.89%. The business had revenue of $2.96 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same period in the prior year, the business earned $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, research analysts anticipate that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Monday, February 9th will be issued a dividend of $0.64 per share. The ex-dividend date of this dividend is Monday, February 9th. This represents a $2.56 annualized dividend and a dividend yield of 2.4%. Entergy’s payout ratio is presently 65.47%.

Insider Buying and Selling

In other Entergy news, EVP John C. Dinelli sold 5,372 shares of the stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $103.95, for a total value of $558,419.40. Following the transaction, the executive vice president directly owned 23,609 shares of the company’s stock, valued at $2,454,155.55. This represents a 18.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.47% of the company’s stock.

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.