New York State Teachers Retirement System Buys 22,148 Shares of Entergy Corporation $ETR

New York State Teachers Retirement System grew its stake in Entergy Corporation (NYSE:ETR) by 5.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 433,613 shares of the utilities provider’s stock after buying an additional 22,148 shares during the period. New York State Teachers Retirement System’s holdings in Entergy were worth $40,408,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ETR. Brighton Jones LLC raised its stake in shares of Entergy by 275.6% in the 4th quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock valued at $696,000 after acquiring an additional 6,733 shares in the last quarter. Woodline Partners LP grew its holdings in Entergy by 40.7% during the first quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider’s stock valued at $3,097,000 after purchasing an additional 10,476 shares during the last quarter. Belpointe Asset Management LLC grew its holdings in Entergy by 72.1% during the first quarter. Belpointe Asset Management LLC now owns 4,339 shares of the utilities provider’s stock valued at $371,000 after purchasing an additional 1,818 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of Entergy by 13.2% in the first quarter. Geneos Wealth Management Inc. now owns 3,456 shares of the utilities provider’s stock valued at $295,000 after purchasing an additional 402 shares during the period. Finally, Advisors Capital Management LLC lifted its stake in shares of Entergy by 16.9% in the first quarter. Advisors Capital Management LLC now owns 3,348 shares of the utilities provider’s stock worth $286,000 after buying an additional 485 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Stock Up 2.6%

Shares of ETR opened at $93.56 on Monday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.48 and a current ratio of 0.71. The company has a 50-day simple moving average of $94.05 and a 200-day simple moving average of $91.24. Entergy Corporation has a 52 week low of $75.04 and a 52 week high of $98.58. The firm has a market capitalization of $41.78 billion, a P/E ratio of 23.10, a P/E/G ratio of 2.09 and a beta of 0.66.

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

Entergy Increases Dividend

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

Insider Buying and Selling

In related news, insider Haley Fisackerly sold 5,136 shares of the firm’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $96.50, for a total value of $495,624.00. Following the completion of the transaction, the insider directly owned 7,899 shares of the company’s stock, valued at $762,253.50. This trade represents a 39.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ralph Lewis Ropp purchased 1,000 shares of the firm’s stock in a transaction on Wednesday, November 12th. The shares were acquired at an average price of $96.69 per share, for a total transaction of $96,690.00. Following the purchase, the director directly owned 1,050 shares of the company’s stock, valued at approximately $101,524.50. This represents a 2,000.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold a total of 10,179 shares of company stock valued at $981,707 over the last ninety days. 0.39% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on ETR shares. Royal Bank Of Canada upgraded shares of Entergy to a “moderate buy” rating in a research note on Tuesday, October 28th. Wells Fargo & Company upgraded shares of Entergy to a “strong-buy” rating in a report on Tuesday, October 28th. BTIG Research raised Entergy to a “strong-buy” rating in a research report on Wednesday, October 22nd. UBS Group reiterated a “buy” rating and issued a $105.00 price objective (up from $96.00) on shares of Entergy in a research note on Wednesday, December 17th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Entergy in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Entergy has a consensus rating of “Moderate Buy” and an average price target of $103.19.

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.