OMERS ADMINISTRATION Corp Makes New Investment in Entergy Corporation $ETR

OMERS ADMINISTRATION Corp purchased a new position in shares of Entergy Corporation (NYSE:ETR - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 32,684 shares of the utilities provider's stock, valued at approximately $3,754,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in Entergy during the 2nd quarter worth approximately $4,861,376,000. JPMorgan Chase & Co. lifted its holdings in Entergy by 54.9% during the 4th quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider's stock worth $2,097,699,000 after buying an additional 8,046,287 shares in the last quarter. Norges Bank purchased a new position in Entergy in the 4th quarter valued at approximately $528,313,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Entergy in the 2nd quarter valued at approximately $633,338,000. Finally, Deutsche Bank AG acquired a new position in shares of Entergy in the second quarter worth $289,303,000. Hedge funds and other institutional investors own 88.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ETR. Wells Fargo & Company increased their price objective on Entergy from $123.00 to $128.00 and gave the company an "overweight" rating in a research note on Thursday, April 30th. JPMorgan Chase & Co. boosted their target price on Entergy from $129.00 to $139.00 and gave the stock an "overweight" rating in a research note on Thursday, July 16th. Citigroup restated a "neutral" rating and set a $121.00 price target (up from $116.00) on shares of Entergy in a report on Tuesday, May 5th. Evercore reaffirmed an "outperform" rating and issued a $128.00 price target on shares of Entergy in a research report on Monday, August 17th. Finally, Scotiabank reiterated a "sector outperform" rating on shares of Entergy in a research note on Wednesday, June 10th. Seventeen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Entergy has an average rating of "Moderate Buy" and a consensus price target of $120.84.

Insider Activity at Entergy

In related news, Director Ralph Lewis Ropp bought 1,000 shares of the company's stock in a transaction that occurred on Thursday, August 6th. The shares were purchased at an average cost of $106.08 per share, with a total value of $106,080.00. Following the transaction, the director directly owned 3,423 shares of the company's stock, valued at approximately $363,111.84. This represents a 41.27% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Haley Fisackerly sold 10,638 shares of Entergy stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $110.00, for a total transaction of $1,170,180.00. Following the sale, the insider owned 14,182 shares in the company, valued at $1,560,020. This represents a 42.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by insiders.

Entergy Price Performance

Entergy stock opened at $106.28 on Wednesday. The stock has a market cap of $49.59 billion, a P/E ratio of 27.25, a price-to-earnings-growth ratio of 1.81 and a beta of 0.50. The company has a fifty day simple moving average of $111.32 and a 200-day simple moving average of $109.79. Entergy Corporation has a 12-month low of $86.40 and a 12-month 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 posted its earnings results on Wednesday, July 29th. The utilities provider reported $1.03 EPS for the quarter, beating the consensus estimate of $1.01 by $0.02. Entergy had a return on equity of 10.53% and a net margin of 13.40%.The firm had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.49 billion. During the same quarter in the prior year, the company posted $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities analysts expect that Entergy Corporation will post 4.4 EPS for the current fiscal year.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Thursday, August 13th will be issued a dividend of $0.64 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $2.56 dividend on an annualized basis and a yield of 2.4%. Entergy's dividend payout ratio (DPR) is presently 65.64%.

Entergy 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.

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