Entergy Corporation $ETR Stock Position Raised by California State Teachers Retirement System

California State Teachers Retirement System raised its position in shares of Entergy Corporation (NYSE:ETR - Free Report) by 3.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 532,338 shares of the utilities provider's stock after purchasing an additional 16,925 shares during the period. California State Teachers Retirement System owned 0.11% of Entergy worth $61,144,343 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Callan Family Office LLC acquired a new position in shares of Entergy in the second quarter valued at about $3,250,000. Illinois Municipal Retirement Fund boosted its stake in Entergy by 18.3% during the first quarter. Illinois Municipal Retirement Fund now owns 180,358 shares of the utilities provider's stock worth $20,265,000 after acquiring an additional 27,868 shares in the last quarter. World Investment Advisors boosted its holdings in shares of Entergy by 170.6% in the fourth quarter. World Investment Advisors now owns 60,579 shares of the utilities provider's stock worth $5,303,000 after buying an additional 38,195 shares during the last quarter. Vestcor Inc increased its holdings in shares of Entergy by 36.6% in the fourth quarter. Vestcor Inc now owns 78,692 shares of the utilities provider's stock worth $7,274,000 after purchasing an additional 21,100 shares during the last quarter. Finally, Swiss National Bank boosted its position in Entergy by 7.1% in the 1st quarter. Swiss National Bank now owns 1,310,700 shares of the utilities provider's stock valued at $147,270,000 after buying an additional 87,300 shares during the period. Institutional investors and hedge funds own 88.07% of the company's stock.

Analyst Ratings Changes

ETR has been the subject of several recent analyst reports. Morgan Stanley set a $105.00 target price on Entergy and gave the stock an "equal weight" rating in a research note on Friday, August 21st. Truist Financial set a $122.00 price target on Entergy and gave the company a "buy" rating in a research note on Thursday, August 13th. BTIG Research restated a "buy" rating and set a $126.00 price objective on shares of Entergy in a report on Wednesday, June 10th. Barclays dropped their price objective on Entergy from $124.00 to $119.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 3rd. Finally, BMO Capital Markets lifted their target price on Entergy from $123.00 to $124.00 and gave the company an "outperform" rating in a research report on Wednesday, July 22nd. Seventeen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $120.84.

Entergy Stock Performance

NYSE ETR traded down $0.36 on Tuesday, hitting $103.28. 824,014 shares of the company's stock traded hands, compared to its average volume of 2,982,651. The firm has a market capitalization of $48.19 billion, a PE ratio of 26.51, a P/E/G ratio of 2.36 and a beta of 0.49. The firm's 50-day moving average price is $109.32 and its two-hundred day moving average price is $110.23. Entergy Corporation has a 1-year low of $87.38 and a 1-year high of $118.44. The company has a current ratio of 0.91, a quick ratio of 0.70 and a debt-to-equity ratio of 1.73.

Entergy (NYSE:ETR - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.02. Entergy had a net margin of 13.40% and a return on equity of 10.53%. The business had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.49 billion. During the same quarter in the previous year, the firm earned $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, analysts expect that Entergy Corporation will post 4.39 EPS for the current year.

Entergy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th were given a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Thursday, August 13th. Entergy's payout ratio is presently 65.64%.

Insider Transactions at Entergy

In other news, Director Ralph Lewis Ropp bought 1,000 shares of the company's stock in a transaction dated Thursday, August 6th. The stock was bought at an average cost of $106.08 per share, for a total transaction of $106,080.00. Following the transaction, the director owned 3,423 shares of the company's stock, valued at $363,111.84. This represents a 41.27% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Laura Landreaux sold 5,600 shares of the stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $106.20, for a total value of $594,720.00. Following the completion of the sale, the insider directly owned 22,589 shares of the company's stock, valued at $2,398,951.80. The trade was a 19.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.21% of the stock is currently owned by insiders.

Entergy Company Profile

Entergy Corporation is an integrated energy company headquartered in New Orleans, Louisiana. Through its regulated utility subsidiaries, the company generates, transmits, distributes and sells electricity to residential, commercial, industrial and governmental customers. Entergy also operates natural gas distribution businesses in parts of its service territory and provides related energy services.

Entergy serves customers across Arkansas, Louisiana, Mississippi and portions of Texas, including the greater New Orleans area.

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