New York State Teachers Retirement System Purchases 217,190 Shares of Entergy Corporation (NYSE:ETR)

New York State Teachers Retirement System raised its stake in Entergy Corporation (NYSE:ETR) by 99.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 436,386 shares of the utilities provider’s stock after acquiring an additional 217,190 shares during the period. New York State Teachers Retirement System owned about 0.10% of Entergy worth $33,087,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. State Street Corp lifted its stake in shares of Entergy by 1.1% during the third quarter. State Street Corp now owns 11,408,776 shares of the utilities provider’s stock valued at $1,501,509,000 after acquiring an additional 128,667 shares during the period. FMR LLC increased its holdings in shares of Entergy by 5.0% in the third quarter. FMR LLC now owns 6,613,647 shares of the utilities provider’s stock worth $870,422,000 after acquiring an additional 315,750 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Entergy by 53.0% in the third quarter. Franklin Resources Inc. now owns 5,718,859 shares of the utilities provider’s stock worth $754,318,000 after acquiring an additional 1,981,611 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Entergy by 0.8% in the third quarter. Geode Capital Management LLC now owns 4,965,257 shares of the utilities provider’s stock worth $651,206,000 after acquiring an additional 37,279 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Entergy by 60.6% during the third quarter. JPMorgan Chase & Co. now owns 3,589,727 shares of the utilities provider’s stock worth $472,444,000 after buying an additional 1,354,355 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on ETR shares. Barclays raised their price target on Entergy from $68.50 to $76.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. BMO Capital Markets dropped their price target on Entergy from $83.00 to $79.50 and set an “outperform” rating for the company in a report on Monday, November 18th. KeyCorp lowered Entergy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. LADENBURG THALM/SH SH upgraded Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price objective on the stock in a research note on Thursday, January 30th. Finally, Scotiabank decreased their price target on Entergy from $165.00 to $82.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 7th. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Entergy presently has an average rating of “Moderate Buy” and an average target price of $79.81.

Entergy Stock Down 0.7 %

Shares of ETR opened at $82.64 on Friday. The company has a market capitalization of $35.44 billion, a PE ratio of 20.13, a PEG ratio of 2.53 and a beta of 0.72. Entergy Corporation has a 12 month low of $48.93 and a 12 month high of $84.46. The stock’s 50-day moving average price is $78.32 and its two-hundred day moving average price is $70.56. The company has a current ratio of 0.89, a quick ratio of 0.59 and a debt-to-equity ratio of 1.77.

Entergy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 10th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.90%. The ex-dividend date is Monday, February 10th. Entergy’s payout ratio is presently 58.47%.

Insider Activity

In other Entergy news, insider Deanna D. Rodriguez sold 6,088 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $73.94, for a total transaction of $450,146.72. Following the completion of the sale, the insider now directly owns 3,952 shares of the company’s stock, valued at approximately $292,210.88. The trade was a 60.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.39% of the stock is owned by company insiders.

Entergy Profile

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.