Entergy Corporation $ETR Position Increased by HITE Hedge Asset Management LLC

HITE Hedge Asset Management LLC raised its position in Entergy Corporation (NYSE:ETR) by 89.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,092,624 shares of the utilities provider’s stock after purchasing an additional 515,022 shares during the period. Entergy comprises approximately 5.5% of HITE Hedge Asset Management LLC’s portfolio, making the stock its 2nd biggest holding. HITE Hedge Asset Management LLC owned 0.24% of Entergy worth $101,822,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in ETR. Physician Wealth Advisors Inc. boosted its position in shares of Entergy by 56.9% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock worth $30,000 after buying an additional 115 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in Entergy by 150.4% during the 3rd 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 in the last quarter. Capital A Wealth Management LLC raised its position in Entergy by 5,466.7% during the second quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 328 shares during the last quarter. JFS Wealth Advisors LLC lifted its holdings in shares of Entergy by 46.1% in the third quarter. JFS Wealth Advisors LLC now owns 412 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 130 shares in the last quarter. Finally, Ameritas Advisory Services LLC lifted its holdings in shares of Entergy by 44.4% in the third quarter. Ameritas Advisory Services LLC now owns 416 shares of the utilities provider’s stock valued at $39,000 after purchasing an additional 128 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insider Activity

In other news, EVP John C. Dinelli sold 5,372 shares of the company’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $103.95, for a total transaction of $558,419.40. Following the completion of the sale, the executive vice president directly owned 23,609 shares in the company, valued at $2,454,155.55. This represents a 18.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.39% of the stock is owned by corporate insiders.

Entergy Trading Up 0.6%

NYSE ETR opened at $104.46 on Friday. The company has a market cap of $47.32 billion, a P/E ratio of 26.72, a P/E/G ratio of 2.05 and a beta of 0.64. Entergy Corporation has a 12 month low of $75.57 and a 12 month high of $107.93. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.74 and a quick ratio of 0.51. The company has a 50-day moving average of $99.38 and a 200-day moving average of $95.36.

Entergy (NYSE:ETR) last released its 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 return on equity of 10.89% and a net margin of 13.66%.The company had revenue of $2.96 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same period in the prior year, the business posted $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, equities analysts predict that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Entergy in a research note on Thursday, January 22nd. UBS Group reaffirmed 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. KeyCorp increased their target price on Entergy from $102.00 to $111.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th. TD Cowen assumed coverage on Entergy in a research report on Friday, January 9th. They set a “buy” rating and a $108.00 price target for the company. Finally, Barclays set a $96.00 price objective on Entergy and gave the company an “overweight” rating in a research report on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.