California Public Employees Retirement System Has $132.37 Million Stock Holdings in Entergy Co. (NYSE:ETR)

California Public Employees Retirement System lessened its holdings in shares of Entergy Co. (NYSE:ETR) by 0.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,308,170 shares of the utilities provider’s stock after selling 3,992 shares during the quarter. California Public Employees Retirement System’s holdings in Entergy were worth $132,374,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its holdings in shares of Entergy by 157.1% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 270 shares of the utilities provider’s stock valued at $25,000 after buying an additional 165 shares during the period. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Entergy in the 3rd quarter valued at $32,000. Fortis Group Advisors LLC acquired a new position in shares of Entergy in the 3rd quarter valued at $32,000. CVA Family Office LLC bought a new stake in Entergy in the 4th quarter valued at $41,000. Finally, Riverview Trust Co lifted its position in Entergy by 66.4% in the 3rd quarter. Riverview Trust Co now owns 456 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 182 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insiders Place Their Bets

In other Entergy news, EVP Kimberly Cook-Nelson sold 2,000 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $100.35, for a total transaction of $200,700.00. Following the transaction, the executive vice president now owns 16,037 shares in the company, valued at approximately $1,609,312.95. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Entergy news, EVP Kimberly Cook-Nelson sold 2,000 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $100.35, for a total transaction of $200,700.00. Following the transaction, the executive vice president now owns 16,037 shares in the company, valued at approximately $1,609,312.95. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Marcus V. Brown sold 8,500 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $102.84, for a total transaction of $874,140.00. Following the sale, the executive vice president now directly owns 9,911 shares of the company’s stock, valued at approximately $1,019,247.24. The disclosure for this sale can be found here. Insiders have sold a total of 12,000 shares of company stock worth $1,226,685 in the last quarter. Corporate insiders own 0.54% of the company’s stock.

Entergy Stock Down 0.3 %

Entergy stock opened at $107.17 on Wednesday. Entergy Co. has a fifty-two week low of $87.10 and a fifty-two week high of $109.53. The firm has a market capitalization of $22.85 billion, a PE ratio of 9.66, a P/E/G ratio of 2.12 and a beta of 0.71. The company’s 50-day moving average is $102.96 and its 200-day moving average is $100.48. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.57 and a quick ratio of 0.32.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Wednesday, April 24th. The utilities provider reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.27). Entergy had a net margin of 19.41% and a return on equity of 10.54%. The company had revenue of $31.17 billion during the quarter, compared to analyst estimates of $3.16 billion. During the same quarter last year, the company posted $1.14 EPS. The firm’s quarterly revenue was down .5% on a year-over-year basis. Sell-side analysts anticipate that Entergy Co. will post 7.22 earnings per share for the current year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Thursday, May 2nd will be given a dividend of $1.13 per share. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.22%. Entergy’s payout ratio is presently 40.76%.

Analyst Upgrades and Downgrades

ETR has been the topic of several research reports. BMO Capital Markets boosted their price objective on shares of Entergy from $110.00 to $113.00 and gave the company an “outperform” rating in a research report on Monday, February 26th. KeyCorp boosted their price objective on shares of Entergy from $108.00 to $112.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Scotiabank cut their price objective on shares of Entergy from $111.00 to $104.00 and set a “sector perform” rating on the stock in a research report on Monday. Barclays cut their price objective on shares of Entergy from $108.00 to $107.00 and set an “equal weight” rating on the stock in a research report on Monday, April 15th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $117.00 price objective on shares of Entergy in a research report on Monday, February 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $109.45.

About Entergy

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.