Entergy Corporation $ETR Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its holdings in shares of Entergy Corporation (NYSE:ETR) by 10.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 386,737 shares of the utilities provider’s stock after selling 43,150 shares during the quarter. New York State Teachers Retirement System’s holdings in Entergy were worth $43,454,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of ETR. Fairway Wealth LLC purchased a new stake in Entergy during the 1st quarter valued at about $30,000. United Community Bank raised its holdings in Entergy by 806.7% in the 4th quarter. United Community Bank now owns 272 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 242 shares during the last quarter. Washington Trust Advisors Inc. lifted its stake in Entergy by 119.4% in 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 in the last quarter. Union Savings Bank purchased a new position in Entergy in the 4th quarter worth approximately $28,000. Finally, Valley National Advisers Inc. boosted its holdings in shares of Entergy by 306.0% during the 4th quarter. Valley National Advisers Inc. now owns 341 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 257 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Entergy Stock Performance

NYSE:ETR opened at $115.00 on Friday. Entergy Corporation has a fifty-two week low of $80.11 and a fifty-two week high of $118.44. 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 company has a 50 day moving average price of $112.12 and a 200 day moving average price of $105.41. The stock has a market capitalization of $52.66 billion, a P/E ratio of 29.34, a PEG ratio of 1.96 and a beta of 0.50.

Entergy (NYSE:ETR) last announced its earnings results on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.19 billion for the quarter, compared to analyst estimates of $2.89 billion. During the same quarter in the previous year, the company earned $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities research analysts forecast that Entergy Corporation will post 4.4 EPS for the current year.

Entergy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 1st were paid a $0.64 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.2%. Entergy’s payout ratio is presently 65.31%.

Wall Street Analysts Forecast Growth

ETR has been the subject of a number of analyst reports. Seaport Research Partners lowered Entergy from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. BTIG Research reiterated a “buy” rating and set a $126.00 price objective on shares of Entergy in a research report on Wednesday, June 10th. Argus boosted their price objective on Entergy from $100.00 to $118.00 and gave the stock a “buy” rating in a research note on Monday, April 6th. JPMorgan Chase & Co. upped their target price on Entergy from $126.00 to $129.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Finally, UBS Group reaffirmed a “buy” rating and issued a $135.00 target price (up from $131.00) on shares of Entergy in a research note on Thursday, April 30th. Seventeen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Entergy has a consensus rating of “Moderate Buy” and a consensus price target of $119.68.

Insider Activity

In related 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 value of $1,170,180.00. Following the sale, the insider owned 14,182 shares in the company, 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 can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.21% of the company’s stock.

Entergy 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.