Pinnbrook Capital Management LP Invests $3.63 Million in Entergy Corporation $ETR

Pinnbrook Capital Management LP bought a new position in shares of Entergy Corporation (NYSE:ETR) in the third quarter, according to the company in its most recent filing with the SEC. The firm bought 38,990 shares of the utilities provider’s stock, valued at approximately $3,633,000.

Several other institutional investors have also recently added to or reduced their stakes in ETR. Regal Investment Advisors LLC increased its holdings in shares of Entergy by 78.4% during the third quarter. Regal Investment Advisors LLC now owns 20,368 shares of the utilities provider’s stock worth $1,898,000 after buying an additional 8,953 shares in the last quarter. Brown Brothers Harriman & Co. boosted its holdings in shares of Entergy by 3.9% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 15,002 shares of the utilities provider’s stock worth $1,398,000 after acquiring an additional 570 shares in the last quarter. Glenmede Investment Management LP boosted its holdings in shares of Entergy by 0.5% in the 3rd quarter. Glenmede Investment Management LP now owns 28,138 shares of the utilities provider’s stock worth $2,622,000 after acquiring an additional 152 shares in the last quarter. Pathstone Holdings LLC grew its position in Entergy by 7.4% during the 3rd quarter. Pathstone Holdings LLC now owns 43,522 shares of the utilities provider’s stock worth $4,056,000 after acquiring an additional 2,989 shares during the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund increased its holdings in Entergy by 1.4% during the 3rd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 11,751 shares of the utilities provider’s stock valued at $1,095,000 after purchasing an additional 157 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Entergy news, EVP John C. Dinelli sold 5,372 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $2,454,155.55. The trade was a 18.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.39% of the company’s stock.

Entergy Stock Up 1.0%

NYSE:ETR opened at $105.56 on Friday. The company has a market cap of $47.82 billion, a price-to-earnings ratio of 27.00, a P/E/G ratio of 2.06 and a beta of 0.64. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.51 and a current ratio of 0.74. The stock’s fifty day moving average price is $99.61 and its two-hundred day moving average price is $95.47. Entergy Corporation has a 52-week low of $75.57 and a 52-week high of $107.93.

Entergy (NYSE:ETR) last released its earnings results on Thursday, February 12th. The utilities provider reported $0.51 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 last year, the business posted $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, analysts anticipate that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Dividend Announcement

The company also recently disclosed 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 2.4%. The ex-dividend date was Monday, February 9th. Entergy’s dividend payout ratio (DPR) is presently 65.47%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Wells Fargo & Company lifted their price objective on Entergy from $105.00 to $119.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. BMO Capital Markets raised their target price on Entergy from $104.00 to $112.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Citigroup lifted their price target on Entergy from $91.00 to $106.00 and gave the company a “neutral” rating in a report on Tuesday, November 18th. Mizuho set a $112.00 price target on shares of Entergy in a research report on Friday, February 13th. Finally, Barclays set a $96.00 price objective on shares of Entergy and gave the stock an “overweight” rating in a report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Entergy currently has an average rating of “Moderate Buy” and a consensus target price of $106.61.

Entergy Company 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.