Entergy Corporation $ETR Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System cut its position in shares of Entergy Corporation (NYSE:ETR) by 14.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,388,861 shares of the utilities provider’s stock after selling 236,393 shares during the quarter. California Public Employees Retirement System owned approximately 0.31% of Entergy worth $129,428,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Physician Wealth Advisors Inc. lifted its stake in shares of Entergy by 56.9% during the third quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock valued at $30,000 after buying an additional 115 shares during the period. Hantz Financial Services Inc. boosted its position in Entergy by 150.4% during the third quarter. Hantz Financial Services Inc. now owns 323 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 194 shares during the last quarter. Capital A Wealth Management LLC grew its stake in Entergy by 5,466.7% in the 2nd quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 328 shares during the period. JFS Wealth Advisors LLC raised its holdings in Entergy by 46.1% in the 3rd quarter. JFS Wealth Advisors LLC now owns 412 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 130 shares during the last quarter. Finally, Ameritas Advisory Services LLC raised its holdings in Entergy by 44.4% in the 3rd quarter. Ameritas Advisory Services LLC now owns 416 shares of the utilities provider’s stock valued at $39,000 after acquiring an additional 128 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insider Buying and Selling at Entergy

In other news, EVP John C. Dinelli sold 5,372 shares of Entergy stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $103.95, for a total value of $558,419.40. Following the transaction, the executive vice president directly owned 23,609 shares of the company’s stock, valued at $2,454,155.55. The trade was a 18.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.47% of the stock is owned by corporate insiders.

Entergy Stock Up 1.0%

Shares of NYSE ETR opened at $105.56 on Monday. The stock has a market capitalization of $47.82 billion, a PE ratio of 27.00, a P/E/G ratio of 2.09 and a beta of 0.64. 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 firm has a fifty day moving average of $99.61 and a 200-day moving average of $95.55. Entergy Corporation has a 52-week low of $75.57 and a 52-week high of $107.93.

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

Entergy Announces Dividend

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

Analysts Set New Price Targets

Several research firms have recently issued reports on ETR. Argus set a $100.00 price objective on Entergy and gave the stock a “buy” rating in a report on Tuesday, January 6th. BMO Capital Markets upped their target price on Entergy from $104.00 to $112.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Entergy in a research report on Thursday, January 22nd. UBS Group restated a “buy” rating and issued a $105.00 price target (up from $96.00) on shares of Entergy in a report on Wednesday, December 17th. Finally, Citigroup upped their price objective on shares of Entergy from $91.00 to $106.00 and gave the company a “neutral” rating in a research note on Tuesday, November 18th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $106.61.

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.