5 Best Electrical Infrastructure Stocks to Buy Now

In this article, we discuss the 11 best electrical infrastructure stocks to buy now. If you want to go through our detailed analysis of these stocks, go directly to the 11 Best Electrical Infrastructure Stocks to Buy Now.

5. Entergy Corporation (NYSE:ETR)

Number of Hedge Fund Holders: 36

Entergy Corporation (NYSE:ETR) is a major player in the production and retail distribution of electricity within the United States. The company operates through two primary segments: Utility and Entergy Wholesale Commodities. Its electric generating capacity exceeds 24,000 megawatts, positioning it as a leader in the industry. In addition, Entergy Corporation (NYSE:ETR) boasts one of the cleanest and most efficient large-scale generation fleets nationwide.

On January 26, Entergy Corporation (NYSE:ETR) reaffirmed its commitment to shareholders by declaring a quarterly dividend of $1.13 per share, consistent with previous payouts. The dividend was distributed on March 1 to shareholders of record as of February 9.

Insider Monkey’s fourth-quarter database reveals that 36 hedge funds maintained long positions in Entergy Corporation (NYSE:ETR), compared to 33 funds in the preceding quarter. Notably, Steve Cohen’s Point72 Asset Management emerged as a significant stakeholder of the company, holding 1.6 million shares valued at $166.2 million.