Brevan Howard Capital Management LP Sells 122,604 Shares of Entergy Corporation $ETR

Brevan Howard Capital Management LP lowered its stake in Entergy Corporation (NYSE:ETR) by 76.1% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 38,600 shares of the utilities provider’s stock after selling 122,604 shares during the period. Brevan Howard Capital Management LP’s holdings in Entergy were worth $3,597,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ETR. Capital A Wealth Management LLC raised its stake 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 valued at $28,000 after buying an additional 328 shares during the last quarter. Physician Wealth Advisors Inc. grew its stake in shares of Entergy by 56.9% in the third quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 115 shares during the last quarter. Hantz Financial Services Inc. grew its stake in shares of Entergy by 150.4% in the third quarter. Hantz Financial Services Inc. now owns 323 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 194 shares during the last quarter. JFS Wealth Advisors LLC increased its holdings in shares of Entergy by 46.1% during the third quarter. JFS Wealth Advisors LLC now owns 412 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 130 shares in the last quarter. Finally, Ameritas Advisory Services LLC raised its position in shares of Entergy by 44.4% in the 3rd quarter. Ameritas Advisory Services LLC now owns 416 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 128 shares during the last quarter. Institutional investors own 88.07% of the company’s stock.

Insiders Place Their Bets

In other news, EVP John C. Dinelli sold 5,372 shares of Entergy stock in a transaction on Friday, February 20th. The shares were sold at an average price of $103.95, for a total transaction of $558,419.40. Following the transaction, the executive vice president owned 23,609 shares in the company, valued at $2,454,155.55. This trade represents a 18.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.47% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Wells Fargo & Company upped their price target on shares of Entergy from $105.00 to $119.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. Wall Street Zen lowered shares of Entergy from a “hold” rating to a “sell” rating in a research note on Sunday, February 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Entergy in a report on Thursday, January 22nd. Mizuho set a $112.00 target price on shares of Entergy in a research note on Friday, February 13th. Finally, KeyCorp increased their price target on shares of Entergy from $102.00 to $111.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th. One 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 stock. Based on data from MarketBeat.com, Entergy presently has a consensus rating of “Moderate Buy” and an average target price of $106.61.

Entergy Trading Up 0.5%

Entergy stock opened at $106.15 on Tuesday. Entergy Corporation has a 52-week low of $75.57 and a 52-week high of $107.93. The company has a market cap of $48.08 billion, a P/E ratio of 27.15, a P/E/G ratio of 2.09 and a beta of 0.64. The company has a quick ratio of 0.51, a current ratio of 0.74 and a debt-to-equity ratio of 1.65. The business has a 50-day simple moving average of $99.88 and a two-hundred day simple moving average of $95.68.

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

Entergy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Monday, February 9th were given a $0.64 dividend. The ex-dividend date was Monday, February 9th. This represents a $2.56 annualized dividend and a yield of 2.4%. Entergy’s dividend payout ratio (DPR) is presently 65.47%.

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.