Public Employees Retirement System of Ohio Takes $24.16 Million Position in Entergy Corporation $ETR

Public Employees Retirement System of Ohio acquired a new stake in shares of Entergy Corporation (NYSE:ETR) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 210,317 shares of the utilities provider’s stock, valued at approximately $24,157,000.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC grew its stake in shares of Entergy by 275.6% in the fourth quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock worth $696,000 after acquiring an additional 6,733 shares during the period. Woodline Partners LP lifted its position 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 period. Marshall Wace LLP purchased a new stake in Entergy in the second quarter worth approximately $6,869,000. Brown Advisory Inc. grew its position in Entergy by 4.8% in the 2nd quarter. Brown Advisory Inc. now owns 4,254 shares of the utilities provider’s stock worth $354,000 after purchasing an additional 193 shares during the period. Finally, Qube Research & Technologies Ltd bought a new stake in Entergy in the 2nd quarter worth approximately $17,225,000. 88.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ETR has been the topic of several research analyst reports. Morgan Stanley set a $105.00 price target on Entergy and gave the company an “equal weight” rating in a report on Friday, August 21st. Weiss Ratings lowered Entergy from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, August 20th. Mizuho set a $122.00 price objective on Entergy and gave the company an “outperform” rating in a research report on Wednesday, June 10th. JPMorgan Chase & Co. raised their target price on Entergy from $129.00 to $139.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Entergy in a research note on Wednesday, June 10th. Seventeen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $120.84.

Insider Activity

In related news, Director Ralph Lewis Ropp acquired 1,000 shares of the business’s stock in a transaction on Thursday, August 6th. The stock was acquired at an average cost of $106.08 per share, with a total value of $106,080.00. Following the acquisition, the director directly owned 3,423 shares in the company, valued at $363,111.84. This represents a 41.27% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Haley Fisackerly sold 10,638 shares of Entergy stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total transaction 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 disclosure for this sale is available in the SEC filing. 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

Shares of NYSE ETR opened at $105.77 on Friday. The stock has a market cap of $49.36 billion, a PE ratio of 27.12, a price-to-earnings-growth ratio of 1.81 and a beta of 0.50. Entergy Corporation has a 1 year low of $86.40 and a 1 year high of $118.44. The firm has a fifty day moving average price of $111.05 and a 200-day moving average price of $109.89. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.91 and a quick ratio of 0.70.

Entergy (NYSE:ETR) last issued its earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share for the quarter, topping 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 the consensus estimate of $3.49 billion. During the same quarter in the prior year, the firm posted $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities analysts anticipate that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Thursday, August 13th will be given a dividend of $0.64 per share. The ex-dividend date is Thursday, August 13th. This represents a $2.56 annualized dividend and a dividend yield of 2.4%. Entergy’s dividend payout ratio (DPR) is currently 65.64%.

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.