New York State Common Retirement Fund Has $13.68 Million Stock Position in Entergy Corporation (NYSE:ETR)

New York State Common Retirement Fund grew its holdings in Entergy Corporation (NYSE:ETR) by 84.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 180,404 shares of the utilities provider’s stock after purchasing an additional 82,802 shares during the period. New York State Common Retirement Fund’s holdings in Entergy were worth $13,678,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Prossimo Advisors LLC grew its position in Entergy by 99.3% in the fourth quarter. Prossimo Advisors LLC now owns 11,900 shares of the utilities provider’s stock valued at $902,000 after purchasing an additional 5,929 shares in the last quarter. Braun Stacey Associates Inc. grew its holdings in shares of Entergy by 88.8% in the 4th quarter. Braun Stacey Associates Inc. now owns 360,502 shares of the utilities provider’s stock valued at $27,333,000 after acquiring an additional 169,511 shares in the last quarter. Atria Wealth Solutions Inc. grew its holdings in shares of Entergy by 883.6% in the 4th quarter. Atria Wealth Solutions Inc. now owns 16,505 shares of the utilities provider’s stock valued at $1,251,000 after acquiring an additional 14,827 shares in the last quarter. Mraz Amerine & Associates Inc. acquired a new stake in shares of Entergy in the fourth quarter valued at about $223,000. Finally, Venturi Wealth Management LLC raised its holdings in Entergy by 187.9% during the fourth quarter. Venturi Wealth Management LLC now owns 1,981 shares of the utilities provider’s stock worth $150,000 after acquiring an additional 1,293 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

Entergy Stock Performance

ETR opened at $84.94 on Monday. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59. The company has a market capitalization of $36.56 billion, a PE ratio of 34.88, a price-to-earnings-growth ratio of 2.34 and a beta of 0.72. The business has a fifty day simple moving average of $79.45 and a 200 day simple moving average of $71.67. Entergy Corporation has a 1 year low of $49.80 and a 1 year high of $88.38.

Entergy (NYSE:ETR) last announced its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. Entergy had a net margin of 8.90% and a return on equity of 10.68%. The company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $3.24 billion. During the same quarter in the previous year, the business posted $0.26 earnings per share. Research analysts expect that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 10th will be issued a dividend of $0.60 per share. The ex-dividend date is Monday, February 10th. This represents a $2.40 annualized dividend and a dividend yield of 2.83%. Entergy’s dividend payout ratio is presently 98.56%.

Insider Activity

In related news, insider Deanna D. Rodriguez sold 6,088 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $73.94, for a total value of $450,146.72. Following the completion of the transaction, the insider now owns 3,952 shares of the company’s stock, valued at $292,210.88. The trade was a 60.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.39% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have weighed in on ETR. Mizuho raised their price target on Entergy from $69.00 to $82.50 and gave the company an “outperform” rating in a research note on Monday, November 4th. BMO Capital Markets raised their target price on shares of Entergy from $79.00 to $94.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Evercore ISI upped their price target on shares of Entergy from $75.00 to $86.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 19th. StockNews.com raised shares of Entergy from a “sell” rating to a “hold” rating in a research report on Sunday, December 29th. Finally, Scotiabank reduced their target price on Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 7th. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Entergy presently has an average rating of “Moderate Buy” and a consensus price target of $82.14.

Entergy Profile

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.