Employees Retirement System of Texas Grows Stock Holdings in Entergy Corporation $ETR

Employees Retirement System of Texas grew its position in Entergy Corporation (NYSE:ETR) by 21.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 719,875 shares of the utilities provider’s stock after buying an additional 127,311 shares during the quarter. Employees Retirement System of Texas owned 0.16% of Entergy worth $67,085,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Physician Wealth Advisors Inc. boosted its holdings in Entergy by 56.9% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 115 shares during the period. Hantz Financial Services Inc. lifted its position in shares of Entergy by 150.4% during the third quarter. Hantz Financial Services Inc. now owns 323 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 194 shares in the last quarter. Capital A Wealth Management LLC lifted its position in shares of Entergy by 5,466.7% during the second quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 328 shares in the last quarter. JFS Wealth Advisors LLC boosted its stake in shares of 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 grew its holdings in shares of 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 in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Stock Up 0.6%

Shares of Entergy stock opened at $104.46 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.74 and a debt-to-equity ratio of 1.65. Entergy Corporation has a 52-week low of $75.57 and a 52-week high of $107.93. The company has a market capitalization of $47.32 billion, a P/E ratio of 26.72, a P/E/G ratio of 2.05 and a beta of 0.64. The company has a 50 day moving average of $99.38 and a 200 day moving average of $95.36.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Thursday, February 12th. The utilities provider reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). Entergy had a net margin of 13.66% and a return on equity of 10.89%. The firm had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same period in the prior year, the company posted $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, research 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. Investors of record on Monday, February 9th were issued a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Monday, February 9th. Entergy’s dividend payout ratio is 65.47%.

Insiders Place Their Bets

In other Entergy news, EVP John C. Dinelli sold 5,372 shares of Entergy stock in a transaction dated 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 sale, the executive vice president directly owned 23,609 shares of the company’s stock, valued at $2,454,155.55. The trade was a 18.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.39% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on ETR. TD Cowen initiated coverage on shares of Entergy in a research note on Friday, January 9th. They set a “buy” rating and a $108.00 target price on the stock. UBS Group reissued a “buy” rating and issued a $105.00 price target (up from $96.00) on shares of Entergy in a research report on Wednesday, December 17th. Morgan Stanley set a $98.00 price target on shares of Entergy in a research note on Friday, February 20th. JPMorgan Chase & Co. reduced their price objective on Entergy from $113.00 to $108.00 and set an “overweight” rating on the stock in a research note on Thursday, December 11th. Finally, Siebert Williams Shank initiated coverage on Entergy in a report on Tuesday, January 20th. They issued a “buy” rating and a $109.00 target price for the company. One equities research 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 issued a Sell rating to the company’s stock. According to MarketBeat, Entergy presently has an average rating of “Moderate Buy” and a consensus target price of $106.61.

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.