Cbre Investment Management Listed Real Assets LLC Has $113.13 Million Stock Position in Entergy Corporation $ETR

Cbre Investment Management Listed Real Assets LLC raised its holdings in shares of Entergy Corporation (NYSE:ETR) by 347.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,213,974 shares of the utilities provider’s stock after purchasing an additional 942,838 shares during the period. Entergy accounts for approximately 1.6% of Cbre Investment Management Listed Real Assets LLC’s holdings, making the stock its 27th biggest holding. Cbre Investment Management Listed Real Assets LLC’s holdings in Entergy were worth $113,130,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Capital A Wealth Management LLC grew its position in shares of Entergy by 5,466.7% during the 2nd quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock worth $28,000 after buying an additional 328 shares during the period. Atlantic Union Bankshares Corp acquired a new position in Entergy in the second quarter valued at approximately $30,000. Physician Wealth Advisors Inc. boosted its stake in Entergy by 56.9% in the third quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 115 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in Entergy by 150.4% in the third quarter. Hantz Financial Services Inc. now owns 323 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 194 shares during the last quarter. Finally, JFS Wealth Advisors LLC grew its holdings in Entergy by 46.1% during the 3rd quarter. JFS Wealth Advisors LLC now owns 412 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 130 shares during the period. Institutional investors own 88.07% of the company’s stock.

Entergy Price Performance

Shares of NYSE ETR opened at $103.78 on Thursday. The company has a fifty day moving average price of $99.14 and a 200 day moving average price of $95.29. The firm has a market cap of $47.01 billion, a PE ratio of 26.54, a PEG ratio of 2.07 and a beta of 0.64. The company has a current ratio of 0.74, a quick ratio of 0.51 and a debt-to-equity ratio of 1.65. Entergy Corporation has a 1-year low of $75.57 and a 1-year high of $107.93.

Entergy (NYSE:ETR) last released 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). The firm had revenue of $2.96 billion during the quarter, compared to analyst estimates of $2.99 billion. Entergy had a net margin of 13.66% and a return on equity of 10.89%. 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. Research analysts predict that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 9th were given a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Monday, February 9th. Entergy’s dividend payout ratio (DPR) is currently 65.47%.

Insider Transactions at Entergy

In other Entergy news, EVP John C. Dinelli sold 5,372 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $103.95, for a total value of $558,419.40. Following the sale, the executive vice president owned 23,609 shares in the company, valued at approximately $2,454,155.55. The trade was a 18.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.39% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on ETR. Weiss Ratings reiterated a “buy (b)” rating on shares of Entergy in a research report on Thursday, January 22nd. JPMorgan Chase & Co. decreased their price objective on Entergy from $113.00 to $108.00 and set an “overweight” rating for the company in a research note on Thursday, December 11th. BMO Capital Markets upped their price objective on Entergy from $104.00 to $112.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Citigroup increased their target price on Entergy from $91.00 to $106.00 and gave the company a “neutral” rating in a research note on Tuesday, November 18th. Finally, Siebert Williams Shank initiated coverage on Entergy in a research report on Tuesday, January 20th. They set a “buy” rating and a $109.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $106.61.

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.