5 Best Electric Utility Stocks To Buy Right Now

4. Entergy Corporation (NYSE:ETR)

Number of Hedge Fund Holders: 36

Entergy Corporation (NYSE:ETR) is involved in the production and retail distribution of electricity in the United States. The company operates in two main segments: Utility and Entergy Wholesale Commodities. On January 26, Entergy Corporation (NYSE:ETR) declared a $1.13 per share quarterly dividend, in line with previous. The dividend is payable on March 1, to shareholders of record on February 9. 

According to Insider Monkey’s fourth quarter database, 36 hedge funds were long Entergy Corporation (NYSE:ETR), compared to 33 funds in the previous quarter. Steve Cohen’s Point72 Asset Management is a significant stakeholder of the company, with 1.6 million shares worth $166.2 million. 

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