Entergy Corporation $ETR Stock Holdings Lifted by New York State Teachers Retirement System

New York State Teachers Retirement System grew its stake in shares of Entergy Corporation (NYSE:ETR) by 5.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 433,613 shares of the utilities provider’s stock after acquiring an additional 22,148 shares during the period. New York State Teachers Retirement System owned about 0.10% of Entergy worth $40,408,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of ETR. 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 purchasing an additional 116 shares during the period. DekaBank Deutsche Girozentrale increased its stake in Entergy by 0.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 41,397 shares of the utilities provider’s stock worth $3,377,000 after purchasing an additional 118 shares in the last quarter. CW Advisors LLC raised its holdings in Entergy by 3.4% during the 2nd quarter. CW Advisors LLC now owns 3,706 shares of the utilities provider’s stock worth $308,000 after buying an additional 121 shares during the period. Virtus Investment Advisers LLC lifted its stake in Entergy by 6.2% during the second quarter. Virtus Investment Advisers LLC now owns 2,119 shares of the utilities provider’s stock valued at $176,000 after buying an additional 124 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in Entergy by 1.7% during the third quarter. Signaturefd LLC now owns 7,287 shares of the utilities provider’s stock valued at $679,000 after buying an additional 124 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. BTIG Research upgraded shares of Entergy to a “strong-buy” rating in a report on Wednesday, October 22nd. BMO Capital Markets reiterated an “outperform” rating and set a $104.00 price objective (up from $96.00) on shares of Entergy in a research report on Tuesday, October 14th. UBS Group reissued a “buy” rating and set a $105.00 target price (up from $96.00) on shares of Entergy in a research note on Wednesday, December 17th. KeyCorp set a $102.00 target price on Entergy and gave the stock an “overweight” rating in a research report on Friday, December 12th. Finally, Wall Street Zen downgraded Entergy from a “hold” rating to a “sell” rating in a report on Monday, December 22nd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $103.19.

Insider Buying and Selling

In other Entergy news, Director Ralph Lewis Ropp acquired 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The shares were purchased at an average price of $96.69 per share, with a total value of $96,690.00. Following the completion of the transaction, the director owned 1,050 shares in the company, valued at $101,524.50. The trade was a 2,000.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Haley Fisackerly sold 5,136 shares of Entergy stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $96.50, for a total transaction of $495,624.00. Following the completion of the sale, the insider owned 7,899 shares of the company’s stock, valued at $762,253.50. This trade represents a 39.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 10,179 shares of company stock worth $981,707. Insiders own 0.39% of the company’s stock.

Entergy Stock Up 2.6%

ETR stock opened at $93.56 on Monday. The company has a 50 day moving average of $94.05 and a two-hundred day moving average of $91.24. The company has a quick ratio of 0.48, a current ratio of 0.71 and a debt-to-equity ratio of 1.62. Entergy Corporation has a 12-month low of $75.04 and a 12-month high of $98.58. The company has a market cap of $41.78 billion, a price-to-earnings ratio of 23.10, a PEG ratio of 2.09 and a beta of 0.66.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Friday, July 8th. The utilities provider reported $0.71 earnings per share for the quarter. The business had revenue of $2.37 billion for the quarter. Entergy had a net margin of 14.26% and a return on equity of 11.53%. Entergy has set its FY 2025 guidance at 3.850-3.950 EPS. On average, equities analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Thursday, November 13th were paid a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, November 13th. This is a positive change from Entergy’s previous quarterly dividend of $0.60. Entergy’s dividend payout ratio (DPR) is presently 63.21%.

Entergy Company 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.