California State Teachers Retirement System Buys 60,628,930 Shares of Entergy Corporation $ETR

California State Teachers Retirement System boosted its position in Entergy Corporation (NYSE:ETR) by 11,763.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 61,144,343 shares of the utilities provider’s stock after purchasing an additional 60,628,930 shares during the period. California State Teachers Retirement System owned about 0.13% of Entergy worth $7,023,039,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Union Savings Bank bought a new stake in shares of Entergy in the fourth quarter valued at $28,000. Bell Investment Advisors Inc bought a new position in shares of Entergy during the 2nd quarter worth $28,000. Fairway Wealth LLC bought a new position in shares of Entergy during the 1st quarter worth $30,000. Dynamic Wealth Strategies LLC purchased a new stake in Entergy in the 1st quarter worth about $30,000. Finally, Pingora Partners LLC purchased a new stake in Entergy in the 2nd quarter worth about $30,000. 88.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on ETR. BMO Capital Markets upped their price objective on shares of Entergy from $123.00 to $124.00 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. JPMorgan Chase & Co. lifted their target price on shares of Entergy from $129.00 to $139.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Evercore reissued an “outperform” rating and issued a $128.00 price target on shares of Entergy in a research report on Monday, August 17th. BTIG Research reaffirmed a “buy” rating and issued a $126.00 price objective on shares of Entergy in a report on Wednesday, June 10th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Entergy in a research note on Wednesday, June 10th. Seventeen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $120.84.

Entergy Price Performance

ETR stock opened at $108.52 on Wednesday. The firm has a 50 day moving average of $110.01 and a 200-day moving average of $110.20. The company has a current ratio of 0.91, a quick ratio of 0.70 and a debt-to-equity ratio of 1.73. Entergy Corporation has a 12 month low of $86.49 and a 12 month high of $118.44. The firm has a market capitalization of $50.64 billion, a P/E ratio of 27.83, a price-to-earnings-growth ratio of 2.40 and a beta of 0.49.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.03 EPS for the quarter, beating the consensus estimate of $1.01 by $0.02. Entergy had a net margin of 13.40% and a return on equity of 10.53%. The company had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.49 billion. During the same quarter in the previous year, the company earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, sell-side analysts predict that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th were issued a $0.64 dividend. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $2.56 annualized dividend and a dividend yield of 2.4%. Entergy’s dividend payout ratio is presently 65.64%.

Insider Buying and Selling at Entergy

In other Entergy news, Director Ralph Lewis Ropp acquired 1,000 shares of the stock in a transaction that occurred on Thursday, August 6th. The shares were bought at an average price of $106.08 per share, for a total transaction of $106,080.00. Following the completion of the transaction, the director owned 3,423 shares of the company’s stock, valued at approximately $363,111.84. This represents a 41.27% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.