California Public Employees Retirement System Sells 99,571 Shares of Entergy Corporation $ETR

California Public Employees Retirement System lessened its stake in shares of Entergy Corporation (NYSE:ETR) by 8.6% during the first quarter, HoldingsChannel.com reports. The fund owned 1,059,143 shares of the utilities provider’s stock after selling 99,571 shares during the quarter. California Public Employees Retirement System’s holdings in Entergy were worth $119,005,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Nordea Investment Management AB lifted its holdings in shares of Entergy by 66.0% during the 4th quarter. Nordea Investment Management AB now owns 800,258 shares of the utilities provider’s stock valued at $74,512,000 after buying an additional 318,221 shares during the period. Tounjian Advisory Partners LLC bought a new stake in shares of Entergy in the fourth quarter worth $1,473,000. World Investment Advisors grew its holdings in shares of Entergy by 170.6% in the fourth quarter. World Investment Advisors now owns 60,579 shares of the utilities provider’s stock worth $5,303,000 after acquiring an additional 38,195 shares during the period. Caliber Wealth Management LLC KS purchased a new stake in Entergy during the fourth quarter valued at $2,404,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Entergy by 4.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 928,984 shares of the utilities provider’s stock valued at $87,194,000 after acquiring an additional 38,742 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Scotiabank reissued a “sector outperform” rating on shares of Entergy in a research report on Wednesday, June 10th. Citigroup reaffirmed a “neutral” rating and set a $121.00 price target (up from $116.00) on shares of Entergy in a research report on Tuesday, May 5th. UBS Group reiterated a “buy” rating and issued a $135.00 price objective (up from $131.00) on shares of Entergy in a research note on Thursday, April 30th. Mizuho set a $122.00 price objective on shares of Entergy and gave the stock an “outperform” rating in a report on Wednesday, June 10th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Entergy in a research report on Wednesday, June 10th. Seventeen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $120.21.

Insider Activity

In related news, insider Haley Fisackerly sold 10,638 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total value of $1,170,180.00. Following the completion of the sale, the insider directly owned 14,182 shares of the company’s stock, valued at approximately $1,560,020. This represents a 42.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.21% of the company’s stock.

Entergy Stock Performance

NYSE:ETR opened at $113.43 on Friday. The stock has a 50-day simple moving average of $112.20 and a two-hundred day simple moving average of $106.95. Entergy Corporation has a 52-week low of $84.76 and a 52-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 firm has a market capitalization of $51.94 billion, a PE ratio of 28.94, a P/E/G ratio of 1.93 and a beta of 0.50.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $0.86 EPS for the quarter, topping 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 business had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $2.89 billion. During the same quarter in the prior year, the business posted $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Analysts forecast that Entergy Corporation will post 4.4 EPS for the current year.

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.