Ninepoint Partners LP Takes $1.69 Million Position in Entergy Corporation $ETR

Ninepoint Partners LP bought a new position in shares of Entergy Corporation (NYSE:ETR) in the third quarter, Holdings Channel reports. The institutional investor bought 18,117 shares of the utilities provider’s stock, valued at approximately $1,688,000.

A number of 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 stake in shares of Entergy by 5.4% in 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 in the last quarter. New York State Common Retirement Fund increased its stake in Entergy by 3.9% during 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 purchasing an additional 7,000 shares during the period. TD Waterhouse Canada Inc. increased its stake in Entergy by 124.6% during the third quarter. TD Waterhouse Canada Inc. now owns 24,949 shares of the utilities provider’s stock worth $2,335,000 after purchasing an additional 13,841 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Entergy by 13.9% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 59,279 shares of the utilities provider’s stock worth $5,524,000 after purchasing an additional 7,212 shares in the last quarter. Finally, World Investment Advisors grew its holdings in shares of Entergy by 269.9% in the third quarter. World Investment Advisors now owns 22,384 shares of the utilities provider’s stock valued at $2,086,000 after purchasing an additional 16,332 shares in the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Entergy Stock Up 1.3%

ETR stock opened at $107.05 on Friday. The company has a market cap of $48.49 billion, a price-to-earnings ratio of 27.38, a price-to-earnings-growth ratio of 2.09 and a beta of 0.65. The company has a fifty day moving average price of $97.12 and a 200 day moving average price of $94.38. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.74 and a quick ratio of 0.51. Entergy Corporation has a 12 month low of $75.57 and a 12 month high of $107.21.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Thursday, February 12th. The utilities provider reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). Entergy had a net margin of 13.66% and a return on equity of 10.89%. The business had revenue of $2.96 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the prior year, the firm posted $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Sell-side analysts expect that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Monday, February 9th will be paid a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Monday, February 9th. Entergy’s payout ratio is currently 65.47%.

Insider Activity at Entergy

In other news, EVP John C. Dinelli sold 5,372 shares of Entergy stock in a transaction dated Friday, February 20th. The shares were 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 of the company’s stock, valued at $2,454,155.55. The trade was a 18.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ETR. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $112.00 price objective on shares of Entergy in a research report on Friday, January 23rd. Wells Fargo & Company increased their price target on Entergy from $105.00 to $119.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. Weiss Ratings reissued a “buy (b)” rating on shares of Entergy in a research report on Thursday, January 22nd. UBS Group reiterated a “buy” rating and issued a $105.00 price target (up from $96.00) on shares of Entergy in a research note on Wednesday, December 17th. Finally, Wall Street Zen downgraded shares of Entergy from a “hold” rating to a “sell” rating in a research report on Sunday, February 22nd. One investment 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 given 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 $106.11.

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.