Rockefeller Capital Management L.P. Boosts Position in Entergy Corporation $ETR

Rockefeller Capital Management L.P. increased its position in shares of Entergy Corporation (NYSE:ETR) by 45.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 374,145 shares of the utilities provider’s stock after acquiring an additional 117,009 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Entergy were worth $34,582,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. World Investment Advisors boosted its holdings in Entergy by 170.6% in the 4th quarter. World Investment Advisors now owns 60,579 shares of the utilities provider’s stock valued at $5,599,000 after purchasing an additional 38,195 shares during the last quarter. Corient Private Wealth LLC increased its holdings in shares of Entergy by 2.9% during the 4th quarter. Corient Private Wealth LLC now owns 105,392 shares of the utilities provider’s stock worth $9,742,000 after buying an additional 2,994 shares during the last quarter. Union Savings Bank purchased a new stake in shares of Entergy during the 4th quarter valued at approximately $28,000. Hsbc Holdings PLC lifted its holdings in Entergy by 13.2% in the fourth quarter. Hsbc Holdings PLC now owns 1,161,524 shares of the utilities provider’s stock valued at $107,441,000 after acquiring an additional 135,390 shares during the last quarter. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in Entergy in the fourth quarter valued at approximately $44,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Stock Down 0.0%

Shares of NYSE ETR opened at $111.08 on Monday. The business has a 50-day moving average of $112.13 and a two-hundred day moving average of $104.00. The company has a market capitalization of $50.86 billion, a price-to-earnings ratio of 28.34, a price-to-earnings-growth ratio of 1.90 and a beta of 0.50. Entergy Corporation has a 1 year low of $80.11 and a 1 year high of $118.44. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.96 and a quick ratio of 0.73.

Entergy (NYSE:ETR) last released its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.02. Entergy had a return on equity of 10.75% and a net margin of 13.48%.The business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter in the prior year, the business posted $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, analysts forecast 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. Investors of record on Friday, May 1st were issued a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Friday, May 1st. Entergy’s dividend payout ratio is 65.31%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Morgan Stanley set a $94.00 target price on Entergy in a research note on Thursday, May 21st. Seaport Research Partners cut Entergy from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. Evercore set a $123.00 price objective on Entergy in a research report on Wednesday, June 10th. Weiss Ratings upgraded shares of Entergy from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, May 14th. Finally, BMO Capital Markets set a $123.00 target price on shares of Entergy in a research report on Wednesday, June 10th. Seventeen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $119.68.

Insider Buying and Selling

In other Entergy news, insider Haley Fisackerly sold 10,638 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total value of $1,170,180.00. Following the transaction, the insider directly owned 14,182 shares in the company, valued at $1,560,020. This represents a 42.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by corporate insiders.

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.