Louisiana State Employees Retirement System Buys Shares of 23,100 Entergy Corporation $ETR

Louisiana State Employees Retirement System acquired a new position in Entergy Corporation (NYSE:ETR) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 23,100 shares of the utilities provider’s stock, valued at approximately $2,596,000.

A number of other hedge funds also recently bought and sold shares of the stock. United Community Bank boosted its holdings in shares of Entergy by 806.7% in the 4th quarter. United Community Bank now owns 272 shares of the utilities provider’s stock valued at $25,000 after buying an additional 242 shares in the last quarter. Washington Trust Advisors Inc. grew its holdings in shares of Entergy by 119.4% during the fourth quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock valued at $26,000 after buying an additional 154 shares during the last quarter. Union Savings Bank acquired a new position in shares of Entergy in the fourth quarter valued at about $28,000. Valley National Advisers Inc. increased its holdings in Entergy by 306.0% in the 4th quarter. Valley National Advisers Inc. now owns 341 shares of the utilities provider’s stock worth $31,000 after buying an additional 257 shares during the period. Finally, Sarver Vrooman Wealth Advisors acquired a new stake in shares of Entergy in the fourth quarter worth $37,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insider Transactions at Entergy

In other Entergy news, insider Haley Fisackerly sold 10,638 shares of the firm’s 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 transaction, the insider owned 14,182 shares of the company’s stock, valued at $1,560,020. This trade represents a 42.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by company insiders.

Entergy Stock Down 0.0%

Shares of ETR opened at $115.91 on Monday. The company’s 50-day moving average price is $111.97 and its 200 day moving average price is $104.73. The firm has a market cap of $53.07 billion, a P/E ratio of 29.57, a price-to-earnings-growth ratio of 1.98 and a beta of 0.50. Entergy Corporation has a 12-month low of $80.11 and a 12-month high of $118.44. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 1.80.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. Entergy had a net margin of 13.48% and a return on equity of 10.75%. The firm had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $2.89 billion. During the same quarter last year, the company posted $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, sell-side analysts forecast that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 1st were given a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, May 1st. Entergy’s dividend payout ratio is currently 65.31%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Wells Fargo & Company raised their target price on Entergy from $123.00 to $128.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Citigroup restated 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. Wall Street Zen raised Entergy from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 2nd. Truist Financial set a $127.00 target price on shares of Entergy and gave the stock a “buy” rating in a research note on Friday, May 29th. Finally, Morgan Stanley set a $94.00 target price on Entergy in a report on Thursday, May 21st. Seventeen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $119.68.

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.