Balefire LLC Grows Stock Position in Entergy Corporation $ETR

Balefire LLC lifted its stake in Entergy Corporation (NYSE:ETR) by 25.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,277 shares of the utilities provider’s stock after buying an additional 4,995 shares during the quarter. Balefire LLC’s holdings in Entergy were worth $2,244,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. New York State Teachers Retirement System grew its position in Entergy by 5.4% during the third quarter. New York State Teachers Retirement System now owns 433,613 shares of the utilities provider’s stock valued at $40,408,000 after buying an additional 22,148 shares during the period. New York State Common Retirement Fund raised its position 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 acquiring an additional 7,000 shares during the period. TD Waterhouse Canada Inc. boosted its stake in shares of Entergy by 124.6% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 24,949 shares of the utilities provider’s stock worth $2,335,000 after acquiring an additional 13,841 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Entergy by 13.9% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 59,279 shares of the utilities provider’s stock worth $5,524,000 after acquiring an additional 7,212 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd acquired a new stake in shares of Entergy during the 3rd quarter valued at about $108,005,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ETR. Mizuho set a $112.00 price target on Entergy in a report on Friday, February 13th. UBS Group reissued a “buy” rating and issued a $105.00 price objective (up from $96.00) on shares of Entergy in a report on Wednesday, December 17th. Siebert Williams Shank started coverage on Entergy in a research report on Tuesday, January 20th. They issued a “buy” rating and a $109.00 price objective for the company. JPMorgan Chase & Co. reduced their target price on Entergy from $113.00 to $108.00 and set an “overweight” rating for the company in a research note on Thursday, December 11th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Entergy in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Entergy has an average rating of “Moderate Buy” and a consensus target price of $107.17.

Entergy Trading Up 1.0%

Shares of Entergy stock opened at $102.40 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. Entergy Corporation has a twelve month low of $75.57 and a twelve month high of $107.93. The firm has a market capitalization of $46.39 billion, a PE ratio of 26.19, a P/E/G ratio of 2.00 and a beta of 0.64. The firm’s 50-day moving average price is $101.10 and its 200 day moving average price is $96.32.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Thursday, February 12th. The utilities provider reported $0.51 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 firm had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter last year, the firm posted $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, sell-side analysts predict that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 9th were given a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Monday, February 9th. 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 firm’s stock in a transaction 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 transaction, the executive vice president owned 23,609 shares in the company, valued at approximately $2,454,155.55. This trade represents a 18.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.47% of the company’s stock.

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.