Entergy Corporation $ETR Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its stake in Entergy Corporation (NYSE:ETR) by 11.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,458 shares of the utilities provider’s stock after selling 7,266 shares during the period. Teacher Retirement System of Texas’ holdings in Entergy were worth $5,448,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Entergy by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 56,459,668 shares of the utilities provider’s stock worth $4,692,928,000 after purchasing an additional 1,630,674 shares during the period. State Street Corp increased its stake in shares of Entergy by 4.5% during the second quarter. State Street Corp now owns 22,920,881 shares of the utilities provider’s stock worth $1,905,184,000 after buying an additional 981,750 shares during the period. Ameriprise Financial Inc. raised its holdings in Entergy by 3.6% in the second quarter. Ameriprise Financial Inc. now owns 13,652,982 shares of the utilities provider’s stock valued at $1,134,850,000 after acquiring an additional 479,093 shares in the last quarter. Geode Capital Management LLC lifted its stake in Entergy by 4.7% in the second quarter. Geode Capital Management LLC now owns 11,242,611 shares of the utilities provider’s stock worth $930,541,000 after acquiring an additional 505,344 shares during the last quarter. Finally, Boston Partners grew its holdings in Entergy by 114.9% during the 2nd quarter. Boston Partners now owns 6,940,628 shares of the utilities provider’s stock worth $578,531,000 after acquiring an additional 3,710,814 shares in the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Entergy news, Director Ralph Lewis Ropp purchased 1,000 shares of Entergy stock in a transaction that occurred on Wednesday, November 12th. The stock was purchased at an average price of $96.69 per share, for a total transaction of $96,690.00. Following the transaction, the director directly owned 1,050 shares in the company, valued at $101,524.50. This trade represents a 2,000.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Haley Fisackerly sold 5,136 shares of the stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $96.50, for a total transaction of $495,624.00. Following the sale, the insider owned 7,899 shares of the company’s stock, valued at approximately $762,253.50. This represents a 39.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 10,179 shares of company stock valued at $981,707 in the last ninety days. 0.47% of the stock is currently owned by company insiders.

Entergy Stock Performance

Shares of ETR stock opened at $94.88 on Tuesday. The stock’s 50-day moving average is $93.77 and its two-hundred day moving average is $92.24. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.48 and a current ratio of 0.71. Entergy Corporation has a 1 year low of $75.55 and a 1 year high of $98.58. The firm has a market cap of $42.37 billion, a price-to-earnings ratio of 23.43, a PEG ratio of 2.08 and a beta of 0.66.

Entergy (NYSE:ETR) last posted its earnings results on Wednesday, October 29th. The utilities provider reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.21. The business had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.58 billion. Entergy had a return on equity of 11.53% and a net margin of 14.26%.During the same period in the previous year, the business earned $2.99 EPS. Entergy has set its FY 2025 guidance at 3.850-3.950 EPS. Analysts predict that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Thursday, November 13th were given a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.7%. This is a boost from Entergy’s previous quarterly dividend of $0.60. The ex-dividend date was Thursday, November 13th. Entergy’s payout ratio is 63.21%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ETR. BMO Capital Markets restated an “outperform” rating and issued a $104.00 price objective (up from $96.00) on shares of Entergy in a report on Tuesday, October 14th. Bank of America raised their price target on Entergy from $88.00 to $97.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Evercore ISI upped their price objective on Entergy from $98.00 to $101.00 and gave the stock an “in-line” rating in a research report on Thursday, October 30th. Mizuho raised their target price on Entergy from $97.00 to $104.00 and gave the stock an “outperform” rating in a research report on Monday, October 27th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Entergy in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $103.87.

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.