Louisiana State Employees Retirement System Makes New Investment in Entergy Corporation $ETR

Louisiana State Employees Retirement System purchased a new stake in Entergy Corporation (NYSE:ETR) in the first quarter, Holdings Channel.com reports. The institutional investor purchased 23,100 shares of the utilities provider’s stock, valued at approximately $2,596,000.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Entergy by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 58,537,223 shares of the utilities provider’s stock worth $5,410,596,000 after buying an additional 589,317 shares during the last quarter. State Street Corp raised its position in Entergy by 4.4% in the 4th quarter. State Street Corp now owns 24,356,461 shares of the utilities provider’s stock valued at $2,251,268,000 after purchasing an additional 1,018,503 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Entergy by 54.9% during the fourth 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 during the period. Bank of America Corp DE lifted its position in Entergy by 2.9% during the 3rd quarter. Bank of America Corp DE now owns 16,034,738 shares of the utilities provider’s stock worth $1,494,277,000 after acquiring an additional 452,562 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Entergy by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 11,607,806 shares of the utilities provider’s stock worth $1,068,725,000 after purchasing an additional 126,625 shares during the period. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insider Activity at Entergy

In other news, insider Haley Fisackerly sold 10,638 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total value of $1,170,180.00. Following the completion of the transaction, the insider directly owned 14,182 shares in the company, valued at approximately $1,560,020. This represents a 42.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.21% of the company’s stock.

Entergy Stock Down 0.0%

Shares of NYSE ETR opened at $115.91 on Monday. The company has a market cap of $53.07 billion, a P/E ratio of 29.57, a P/E/G ratio of 1.98 and a beta of 0.50. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 1.80. Entergy Corporation has a 12-month low of $80.11 and a 12-month high of $118.44. The stock has a fifty day moving average price of $111.97 and a 200 day moving average price of $104.73.

Entergy (NYSE:ETR) last released its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.84 by $0.02. The firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $2.89 billion. Entergy had a return on equity of 10.75% and a net margin of 13.48%.During the same period in the previous year, the company posted $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Research analysts anticipate that Entergy Corporation will post 4.4 EPS for the current fiscal year.

Entergy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 1st were given a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, May 1st. Entergy’s payout ratio is presently 65.31%.

Analyst Ratings Changes

ETR has been the topic of a number of analyst reports. BMO Capital Markets set a $123.00 price objective on Entergy in a report on Wednesday, June 10th. Morgan Stanley set a $94.00 price objective on shares of Entergy in a research note on Thursday, May 21st. Scotiabank reiterated a “sector outperform” rating on shares of Entergy in a report on Wednesday, June 10th. Wells Fargo & Company lifted their price target on shares of Entergy from $123.00 to $128.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Finally, Argus lifted their price objective on Entergy from $100.00 to $118.00 and gave the company a “buy” rating in a research report on Monday, April 6th. Seventeen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $119.68.

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.