OMERS ADMINISTRATION Corp Has $2.25 Million Stock Holdings in Entergy Corporation $ETR

OMERS ADMINISTRATION Corp increased its position in Entergy Corporation (NYSE:ETR) by 31.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 20,029 shares of the utilities provider’s stock after acquiring an additional 4,800 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Entergy were worth $2,250,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ETR. United Community Bank lifted its holdings in shares of Entergy by 806.7% during the fourth quarter. United Community Bank now owns 272 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 242 shares during the period. Washington Trust Advisors Inc. raised its position 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 worth $26,000 after acquiring an additional 154 shares during the last quarter. Union Savings Bank bought a new position in shares of Entergy during the fourth quarter worth about $28,000. Fairway Wealth LLC acquired a new position in shares of Entergy in the first quarter worth approximately $30,000. Finally, Dynamic Wealth Strategies LLC bought a new stake in Entergy in the first quarter valued at approximately $30,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Entergy Stock Down 1.0%

Entergy stock opened at $112.60 on Wednesday. Entergy Corporation has a 1-year low of $86.40 and a 1-year high of $118.44. The firm has a market capitalization of $51.56 billion, a price-to-earnings ratio of 28.73, a price-to-earnings-growth ratio of 1.94 and a beta of 0.50. The firm’s fifty day moving average price is $112.54 and its two-hundred day moving average price is $108.09. 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 earnings results on Wednesday, April 29th. The utilities provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.84 by $0.02. Entergy had a net margin of 13.48% and a return on equity of 10.75%. The company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $2.89 billion. During the same period in the previous year, the firm posted $0.82 earnings per share. On average, equities research analysts predict that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Entergy news, 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

ETR has been the subject of a number of recent analyst reports. Evercore set a $123.00 target price on shares of Entergy in a research report on Wednesday, June 10th. Scotiabank reiterated a “sector outperform” rating on shares of Entergy in a research report on Wednesday, June 10th. Argus lifted their target price on shares of Entergy from $100.00 to $118.00 and gave the stock a “buy” rating in a research note on Monday, April 6th. Morgan Stanley set a $109.00 target price on shares of Entergy in a report on Wednesday, July 22nd. Finally, Truist Financial set a $127.00 price target on shares of Entergy and gave the company a “buy” rating in a research report on Friday, May 29th. Seventeen analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $121.05.

Entergy Company 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.