OMERS ADMINISTRATION Corp Acquires 4,800 Shares of Entergy Corporation $ETR

OMERS ADMINISTRATION Corp lifted its holdings in Entergy Corporation (NYSE:ETR) by 31.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 20,029 shares of the utilities provider’s stock after purchasing an additional 4,800 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Entergy were worth $2,250,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Dynamic Wealth Strategies LLC bought a new stake in Entergy during the first quarter worth about $30,000. Fairway Wealth LLC bought a new position in Entergy in the first quarter valued at approximately $30,000. United Community Bank grew its stake in Entergy by 806.7% in the fourth quarter. United Community Bank now owns 272 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 242 shares in the last quarter. Washington Trust Advisors Inc. increased its position in shares of Entergy by 119.4% during the 4th quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 154 shares during the last quarter. Finally, Union Savings Bank bought a new stake in shares of Entergy during the 4th quarter worth approximately $28,000. Institutional investors own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on ETR shares. Mizuho set a $122.00 price objective on Entergy and gave the company an “outperform” rating in a report on Wednesday, June 10th. Evercore set a $123.00 target price on shares of Entergy in a research note on Wednesday, June 10th. Morgan Stanley set a $109.00 price target on Entergy in a report on Wednesday, July 22nd. Wall Street Zen upgraded Entergy from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 2nd. Finally, Weiss Ratings downgraded shares of Entergy from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, July 20th. Seventeen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $121.05.

Entergy Trading Down 1.0%

Shares of Entergy stock opened at $112.60 on Wednesday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.73 and a current ratio of 0.96. The firm has a 50-day moving average of $112.54 and a 200-day moving average of $108.09. Entergy Corporation has a 52-week low of $86.40 and a 52-week high of $118.44. The stock has a market cap of $51.56 billion, a PE ratio of 28.73, a PEG ratio of 1.94 and a beta of 0.50.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. Entergy had a return on equity of 10.75% and a net margin of 13.48%.The business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter in the prior year, the business posted $0.82 earnings per share. As a group, sell-side analysts forecast that Entergy Corporation will post 4.4 EPS for the current year.

Insider Activity at Entergy

In other news, insider Haley Fisackerly sold 10,638 shares of the business’s 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 completion of the transaction, the insider owned 14,182 shares of the company’s stock, valued at approximately $1,560,020. The trade was a 42.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.21% of the company’s stock.

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.