Oregon Public Employees Retirement Fund Buys 12,542 Shares of Entergy Corporation $ETR

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

A number of other large investors have also made changes to their positions in the stock. Mesirow Financial Investment Management Inc. lifted its stake in shares of Entergy by 3.1% in the second quarter. Mesirow Financial Investment Management Inc. now owns 3,864 shares of the utilities provider’s stock valued at $321,000 after buying an additional 116 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in Entergy by 0.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 41,397 shares of the utilities provider’s stock valued at $3,377,000 after acquiring an additional 118 shares in the last quarter. CW Advisors LLC lifted its position in shares of Entergy by 3.4% in the 2nd quarter. CW Advisors LLC now owns 3,706 shares of the utilities provider’s stock worth $308,000 after acquiring an additional 121 shares during the period. Virtus Investment Advisers LLC grew its holdings in shares of Entergy by 6.2% during the 2nd quarter. Virtus Investment Advisers LLC now owns 2,119 shares of the utilities provider’s stock worth $176,000 after purchasing an additional 124 shares in the last quarter. Finally, Signaturefd LLC increased its position in shares of Entergy by 1.7% during the third quarter. Signaturefd LLC now owns 7,287 shares of the utilities provider’s stock valued at $679,000 after purchasing an additional 124 shares during the period. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Trading 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 stock has a market capitalization of $41.79 billion, a P/E ratio of 23.10, a price-to-earnings-growth ratio of 2.09 and a beta of 0.66. The company has a 50-day simple moving average of $94.05 and a 200 day simple moving average of $91.17. The company has a quick ratio of 0.48, a current ratio of 0.71 and a debt-to-equity ratio of 1.62.

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 firm had revenue of $2.37 billion for 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. Research analysts expect that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Thursday, November 13th were issued a dividend of $0.64 per share. The ex-dividend date of this dividend was Thursday, November 13th. 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. Entergy’s payout ratio is 63.21%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Mizuho raised their target price on Entergy from $97.00 to $104.00 and gave the stock an “outperform” rating in a research report on Monday, October 27th. Cowen began coverage on shares of Entergy in a report on Thursday. They set a “buy” rating for the company. Barclays set a $100.00 target price on shares of Entergy and gave the company an “overweight” rating in a research note on Monday, October 6th. UBS Group reissued a “buy” rating and issued a $105.00 price target (up previously from $96.00) on shares of Entergy in a research report on Wednesday, December 17th. Finally, Evercore ISI lifted their price objective on Entergy from $98.00 to $101.00 and gave the company an “in-line” rating in a report on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.19.

Insider Buying and Selling at Entergy

In other Entergy news, Director Ralph Lewis Ropp acquired 1,000 shares of the business’s stock in a transaction on Wednesday, November 12th. The stock was purchased at an average price of $96.69 per share, for a total transaction of $96,690.00. Following the transaction, the director owned 1,050 shares in the company, valued at $101,524.50. This trade represents a 2,000.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Anastasia Minor sold 5,000 shares of the business’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $96.39, for a total value of $481,950.00. Following the completion of the transaction, the insider directly owned 10,122 shares in the company, valued at approximately $975,659.58. This represents a 33.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 10,179 shares of company stock worth $981,707. 0.39% of the stock is currently 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.