Billionaire Steven Cohen’s Top 5 Dividend Stock Picks

3. Entergy Corporation (NYSE:ETR)

Point72 Asset Management’s Stake Value: $197,460,565

Dividend Yield as of June 26: 2.21%

On June 10, BTIG lowered its price recommendation on Entergy Corporation (NYSE:ETR) to $126 from $131. It reiterated a Buy rating on the shares. The firm said Entergy used its Investor Day to make a strong case for what it sees as best-in-class growth potential that could remain sustainable well into the next decade. The analyst noted that the company’s near-term financial outlook was largely unchanged. The new 2030 capital and financing plan, along with its earnings-per-share guidance, was broadly in line with consensus expectations. Even so, BTIG said the event provided meaningful detail on the company’s execution plans and potential upside opportunities.

Also on June 10, BMO Capital lowered its price goal on ETR to $123 from $127. It maintained an Outperform rating on the stock. The firm said that after the “meaningful” update provided during the first-quarter earnings call following Meta’s latest announcement, investors were not expecting many additional disclosures. The analyst added that management’s earnings-per-share outlook for 2026 through 2029 remained unchanged.

Entergy Corporation (NYSE:ETR) is an integrated energy company focused primarily on electric power generation and retail electricity distribution. The company operates mainly through its Utility segment.