Entergy Corporation $ETR Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System lowered its holdings in Entergy Corporation (NYSE:ETR) by 14.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,388,861 shares of the utilities provider’s stock after selling 236,393 shares during the period. California Public Employees Retirement System’s holdings in Entergy were worth $129,428,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Capital A Wealth Management LLC lifted its holdings in shares of Entergy by 5,466.7% during the 2nd quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 328 shares in the last quarter. Physician Wealth Advisors Inc. increased its holdings in Entergy by 56.9% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 115 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in Entergy by 150.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 323 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 194 shares in the last quarter. JFS Wealth Advisors LLC raised its position in Entergy by 46.1% in the third quarter. JFS Wealth Advisors LLC now owns 412 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 130 shares during the period. Finally, Ameritas Advisory Services LLC raised its position in Entergy by 44.4% in the third quarter. Ameritas Advisory Services LLC now owns 416 shares of the utilities provider’s stock valued at $39,000 after purchasing an additional 128 shares during the period. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $112.00 target price on shares of Entergy in a research report on Friday, January 23rd. Argus set a $100.00 target price on Entergy and gave the company a “buy” rating in a report on Tuesday, January 6th. Siebert Williams Shank started coverage on Entergy in a research report on Tuesday, January 20th. They set a “buy” rating and a $109.00 price target on the stock. UBS Group restated a “buy” rating and issued a $105.00 price target (up from $96.00) on shares of Entergy in a report on Wednesday, December 17th. Finally, Barclays set a $96.00 price objective on shares of Entergy and gave the company an “overweight” rating in a research report on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $106.61.

Entergy Stock Up 1.0%

Shares of Entergy stock opened at $105.56 on Monday. Entergy Corporation has a 1-year low of $75.57 and a 1-year high of $107.93. The company has a market capitalization of $47.82 billion, a PE ratio of 27.00, a P/E/G ratio of 2.09 and a beta of 0.64. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.74 and a quick ratio of 0.51. The business has a 50-day moving average of $99.61 and a 200-day moving average of $95.55.

Entergy (NYSE:ETR) last released its quarterly earnings results on Thursday, February 12th. The utilities provider reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). The business had revenue of $2.96 billion during the quarter, compared to analyst estimates of $2.99 billion. Entergy had a return on equity of 10.89% and a net margin of 13.66%.During the same quarter last year, the firm posted $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, equities analysts forecast that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Monday, February 9th were given a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, February 9th. Entergy’s dividend payout ratio is presently 65.47%.

Insider Activity at Entergy

In other news, EVP John C. Dinelli sold 5,372 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $103.95, for a total transaction of $558,419.40. Following the completion of the transaction, the executive vice president directly owned 23,609 shares in the company, valued at approximately $2,454,155.55. This represents a 18.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.47% of the company’s stock.

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.