Capital Innovations LLC Buys Shares of 56,073 Entergy Corporation $ETR

Capital Innovations LLC bought a new stake in Entergy Corporation (NYSE:ETR) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 56,073 shares of the utilities provider’s stock, valued at approximately $5,183,000. Entergy comprises approximately 1.5% of Capital Innovations LLC’s holdings, making the stock its 25th biggest holding.

Several other hedge funds have also made changes to their positions in the business. Calton & Associates Inc. acquired a new stake in shares of Entergy during the fourth quarter worth about $490,000. Dynasty Wealth Management LLC raised its holdings in Entergy by 8.4% in the fourth quarter. Dynasty Wealth Management LLC now owns 16,193 shares of the utilities provider’s stock valued at $1,497,000 after acquiring an additional 1,260 shares in the last quarter. Natixis Advisors LLC increased its stake in Entergy by 6.3% in the fourth quarter. Natixis Advisors LLC now owns 385,256 shares of the utilities provider’s stock valued at $35,609,000 after purchasing an additional 22,694 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC increased its stake in Entergy by 45.7% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,769,115 shares of the utilities provider’s stock valued at $163,519,000 after purchasing an additional 555,141 shares during the last quarter. Finally, AXQ Capital LP purchased a new position in Entergy in the fourth quarter valued at approximately $243,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Trading Up 2.3%

Entergy stock opened at $107.42 on Wednesday. The stock has a market cap of $49.19 billion, a PE ratio of 27.40, a P/E/G ratio of 1.79 and a beta of 0.50. The stock has a 50-day moving average price of $111.88 and a 200 day moving average price of $102.53. Entergy Corporation has a 52 week low of $80.11 and a 52 week high of $118.44. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 1.80.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $0.86 EPS for the quarter, beating the consensus estimate of $0.84 by $0.02. The company had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $2.89 billion. Entergy had a return on equity of 10.75% and a net margin of 13.48%.During the same quarter in the previous year, the business earned $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities research analysts predict that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 1st were issued a $0.64 dividend. The ex-dividend date was Friday, May 1st. This represents a $2.56 annualized dividend and a yield of 2.4%. Entergy’s payout ratio is 65.31%.

Analysts Set New Price Targets

ETR has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their price target on shares of Entergy from $126.00 to $129.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Mizuho lifted their price objective on shares of Entergy from $112.00 to $120.00 and gave the company an “outperform” rating in a research report on Monday, March 30th. Evercore set a $115.00 target price on Entergy in a report on Monday, May 4th. Citigroup reissued a “neutral” rating and issued a $121.00 target price (up from $116.00) on shares of Entergy in a report on Tuesday, May 5th. Finally, Morgan Stanley set a $94.00 price target on Entergy in a research note on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.84.

About Entergy

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.