Caprock Group LLC Takes Position in Entergy Corporation $ETR

Caprock Group LLC purchased a new position in shares of Entergy Corporation (NYSE:ETR) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,537 shares of the utilities provider’s stock, valued at approximately $496,000.

Other institutional investors also recently modified their holdings of the company. Physician Wealth Advisors Inc. lifted its holdings in Entergy by 56.9% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock worth $30,000 after buying an additional 115 shares during the period. Mesirow Financial Investment Management Inc. raised its position in shares of Entergy by 3.1% during the second quarter. Mesirow Financial Investment Management Inc. now owns 3,864 shares of the utilities provider’s stock worth $321,000 after acquiring an additional 116 shares during the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of Entergy by 0.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 41,397 shares of the utilities provider’s stock worth $3,377,000 after acquiring an additional 118 shares during the last quarter. CW Advisors LLC lifted its stake in shares of Entergy by 3.4% in the second quarter. CW Advisors LLC now owns 3,706 shares of the utilities provider’s stock worth $308,000 after acquiring an additional 121 shares during the period. Finally, Virtus Investment Advisers LLC boosted its holdings in Entergy by 6.2% in the second quarter. Virtus Investment Advisers LLC now owns 2,119 shares of the utilities provider’s stock valued at $176,000 after acquiring an additional 124 shares during the last quarter. Institutional investors own 88.07% of the company’s stock.

Wall Street Analyst Weigh In

ETR has been the subject of several analyst reports. Citigroup boosted their price target on shares of Entergy from $91.00 to $106.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 18th. Royal Bank Of Canada restated an “outperform” rating and issued a $112.00 target price on shares of Entergy in a report on Friday, January 23rd. Morgan Stanley reaffirmed an “underperform” rating on shares of Entergy in a research report on Wednesday, January 21st. BTIG Research raised Entergy to a “strong-buy” rating in a research report on Wednesday, October 22nd. Finally, Argus set a $100.00 target price on Entergy and gave the company a “buy” rating in a research report on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Entergy currently has an average rating of “Moderate Buy” and a consensus target price of $105.72.

Entergy Stock Performance

Shares of ETR stock opened at $104.36 on Wednesday. The company has a current ratio of 0.71, a quick ratio of 0.48 and a debt-to-equity ratio of 1.62. The firm has a fifty day simple moving average of $95.17 and a two-hundred day simple moving average of $93.63. Entergy Corporation has a 12 month low of $75.57 and a 12 month high of $106.71. The firm has a market capitalization of $46.60 billion, a PE ratio of 26.69, a price-to-earnings-growth ratio of 2.34 and a beta of 0.65.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Thursday, February 12th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). The business had revenue of $2.96 billion for the quarter, compared to analyst estimates of $2.99 billion. Entergy had a net margin of 13.66% and a return on equity of 11.04%. During the same quarter in the prior year, the business earned $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Analysts forecast that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Monday, February 9th will be issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Monday, February 9th. Entergy’s payout ratio is currently 65.47%.

Entergy 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.