Entergy Corporation $ETR Stock Holdings Increased by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund increased its stake in shares of Entergy Corporation (NYSE:ETR) by 32.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 51,044 shares of the utilities provider’s stock after purchasing an additional 12,542 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Entergy were worth $4,757,000 as of its most recent filing with the SEC.

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ETR. BMO Capital Markets reaffirmed an “outperform” rating and set a $104.00 price target (up from $96.00) on shares of Entergy in a research note on Tuesday, October 14th. Morgan Stanley set a $91.00 price objective on Entergy in a report on Thursday, November 20th. Evercore ISI lifted their target price on shares of Entergy from $98.00 to $101.00 and gave the company an “in-line” rating in a research note on Thursday, October 30th. Scotiabank set a $105.00 target price on shares of Entergy and gave the stock an “outperform” rating in a research report on Friday, October 3rd. Finally, Wall Street Zen lowered shares of Entergy from a “hold” rating to a “sell” rating in a research note on Monday, December 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $103.19.

Entergy Stock Up 2.6%

Shares of Entergy stock opened at $93.56 on Friday. Entergy Corporation has a 12-month low of $75.04 and a 12-month high of $98.58. The company has a quick ratio of 0.48, a current ratio of 0.71 and a debt-to-equity ratio of 1.62. The stock has a 50 day moving average price of $94.05 and a two-hundred day moving average price of $91.17. The stock has a market capitalization of $41.79 billion, a P/E ratio of 23.10, a PEG ratio of 2.09 and a beta of 0.66.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Friday, July 8th. The utilities provider reported $0.71 earnings per share for the quarter. The business had revenue of $2.37 billion during the quarter. Entergy had a net margin of 14.26% and a return on equity of 11.53%. Entergy has set its FY 2025 guidance at 3.850-3.950 EPS. Equities analysts expect that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Increases Dividend

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

Insider Activity

In other news, insider Anastasia Minor sold 5,000 shares of Entergy stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $96.39, for a total value of $481,950.00. Following the transaction, the insider directly owned 10,122 shares in the company, valued at approximately $975,659.58. The trade was a 33.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ralph Lewis Ropp acquired 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The shares were acquired at an average cost of $96.69 per share, with a total value of $96,690.00. Following the transaction, the director directly owned 1,050 shares in the company, valued at $101,524.50. The trade was a 2,000.00% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have sold 10,179 shares of company stock valued at $981,707. 0.39% of the stock is owned by insiders.

About Entergy

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.