BW Gestao de Investimentos Ltda. Takes Position in Entergy Corporation $ETR

BW Gestao de Investimentos Ltda. bought a new stake in shares of Entergy Corporation (NYSE:ETR) during the 4th quarter, Holdings Channel reports. The fund bought 142,048 shares of the utilities provider’s stock, valued at approximately $13,129,000.

Other hedge funds have also recently made changes to their positions in the company. United Community Bank increased its stake in shares of Entergy by 806.7% during the fourth quarter. United Community Bank now owns 272 shares of the utilities provider’s stock valued at $25,000 after buying an additional 242 shares during the period. Washington Trust Advisors Inc. grew its stake in Entergy by 119.4% in the fourth quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 154 shares during the period. Physician Wealth Advisors Inc. grew its stake in 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 purchasing an additional 115 shares during the period. Hantz Financial Services Inc. grew its stake in 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 purchasing an additional 194 shares during the period. Finally, Valley National Advisers Inc. grew its stake in Entergy by 306.0% in the fourth quarter. Valley National Advisers Inc. now owns 341 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 257 shares during the period. 88.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on ETR. Evercore set a $115.00 price target on Entergy in a research note on Monday, May 4th. JPMorgan Chase & Co. increased their target price on Entergy from $126.00 to $129.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. UBS Group reissued a “buy” rating and issued a $135.00 target price (up from $131.00) on shares of Entergy in a research note on Thursday, April 30th. Barclays increased their target price on Entergy from $119.00 to $124.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Finally, Wells Fargo & Company increased their target price on Entergy from $123.00 to $128.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $118.84.

Entergy Stock Down 3.6%

NYSE ETR opened at $105.11 on Tuesday. The stock’s 50-day moving average price is $111.88 and its 200-day moving average price is $102.53. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 1.80. Entergy Corporation has a 52 week low of $80.11 and a 52 week high of $118.44. The company has a market capitalization of $48.13 billion, a P/E ratio of 26.81, a price-to-earnings-growth ratio of 1.86 and a beta of 0.54.

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

Entergy Dividend Announcement

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

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.