Brevan Howard Capital Management LP Decreases Stock Position in Entergy Corporation $ETR

Brevan Howard Capital Management LP lessened its stake in Entergy Corporation (NYSE:ETR) by 76.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and 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 SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of Entergy during the second quarter valued at approximately $468,628,000. Boston Partners increased its stake in shares of Entergy by 114.9% in the second quarter. Boston Partners now owns 6,940,628 shares of the utilities provider’s stock worth $578,531,000 after buying an additional 3,710,814 shares during the period. Vanguard Group Inc. increased its stake in shares of Entergy by 3.0% in the second quarter. Vanguard Group Inc. now owns 56,459,668 shares of the utilities provider’s stock worth $4,692,928,000 after buying an additional 1,630,674 shares during the period. Mizuho Markets Americas LLC bought a new stake in Entergy during the 3rd quarter valued at $135,396,000. Finally, Raymond James Financial Inc. raised its holdings in Entergy by 137.1% during the 3rd quarter. Raymond James Financial Inc. now owns 2,039,644 shares of the utilities provider’s stock valued at $190,074,000 after buying an additional 1,179,362 shares during the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Entergy

In related news, EVP John C. Dinelli sold 5,372 shares of the business’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $103.95, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.47% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Entergy in a report on Thursday, January 22nd. KeyCorp upped their price objective on shares of Entergy from $102.00 to $111.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Barclays set a $96.00 target price on shares of Entergy and gave the stock an “overweight” rating in a report on Thursday, January 15th. Argus set a $100.00 target price on Entergy and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Finally, Morgan Stanley set a $98.00 price target on Entergy in a report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Entergy has an average rating of “Moderate Buy” and an average price target of $106.61.

Entergy Price Performance

Shares of ETR stock opened at $106.15 on Tuesday. The business’s fifty day moving average is $99.88 and its 200 day moving average is $95.68. 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 stock has a market cap of $48.08 billion, a price-to-earnings ratio of 27.15, a PEG ratio of 2.09 and a beta of 0.64. Entergy Corporation has a twelve month low of $75.57 and a twelve month high of $107.93.

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

Entergy Announces Dividend

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

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.