Entergy Corporation $ETR Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp lowered its position in shares of Entergy Corporation (NYSE:ETR) by 33.4% during the second quarter, HoldingsChannel reports. The firm owned 36,617 shares of the utilities provider’s stock after selling 18,372 shares during the period. Texas Permanent School Fund Corp’s holdings in Entergy were worth $3,044,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Mesirow Financial Investment Management Inc. grew its holdings in Entergy by 3.1% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 3,864 shares of the utilities provider’s stock valued at $321,000 after purchasing an additional 116 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of Entergy by 0.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 41,397 shares of the utilities provider’s stock valued at $3,377,000 after acquiring an additional 118 shares in the last quarter. CW Advisors LLC increased its position in shares of Entergy by 3.4% during the second quarter. CW Advisors LLC now owns 3,706 shares of the utilities provider’s stock worth $308,000 after acquiring an additional 121 shares during the last quarter. Virtus Investment Advisers LLC lifted its stake in shares of Entergy by 6.2% in the second quarter. Virtus Investment Advisers LLC now owns 2,119 shares of the utilities provider’s stock worth $176,000 after acquiring an additional 124 shares in the last quarter. Finally, My Legacy Advisors LLC boosted its holdings in Entergy by 0.8% in the second quarter. My Legacy Advisors LLC now owns 16,576 shares of the utilities provider’s stock valued at $1,361,000 after purchasing an additional 128 shares during the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ETR has been the topic of several analyst reports. Morgan Stanley set a $91.00 price objective on Entergy in a report on Thursday, November 20th. Weiss Ratings restated a “buy (b)” rating on shares of Entergy in a research note on Wednesday, October 8th. BMO Capital Markets reiterated an “outperform” rating and set a $104.00 price objective (up from $96.00) on shares of Entergy in a research note on Tuesday, October 14th. JPMorgan Chase & Co. dropped their target price on shares of Entergy from $113.00 to $108.00 and set an “overweight” rating for the company in a research report on Thursday, December 11th. Finally, BTIG Research upgraded shares of Entergy to a “strong-buy” rating in a research note on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.09.

Insider Transactions at Entergy

In related news, insider Anastasia Minor sold 5,000 shares of the company’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $96.39, for a total transaction of $481,950.00. Following the completion of the transaction, the insider directly owned 10,122 shares in the company, valued at $975,659.58. This represents a 33.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Haley Fisackerly sold 5,136 shares of the firm’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $96.50, for a total value of $495,624.00. Following the completion of the sale, the insider owned 7,899 shares in the company, valued at $762,253.50. The trade was a 39.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 10,179 shares of company stock worth $981,707. 0.39% of the stock is currently owned by company insiders.

Entergy Stock Down 0.8%

ETR stock opened at $91.50 on Friday. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.71 and a quick ratio of 0.48. Entergy Corporation has a 1-year low of $73.70 and a 1-year high of $98.58. The firm has a fifty day moving average price of $95.11 and a two-hundred day moving average price of $90.00. The firm has a market cap of $40.86 billion, a price-to-earnings ratio of 22.59, a PEG ratio of 2.31 and a beta of 0.62.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Friday, July 8th. The utilities provider reported $0.71 earnings per share (EPS) for the quarter. Entergy had a net margin of 14.26% and a return on equity of 11.53%. The company had revenue of $2.37 billion for the quarter. Research analysts predict that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Thursday, November 13th were issued a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 2.8%. This is a boost from Entergy’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Thursday, November 13th. Entergy’s dividend payout ratio is currently 63.21%.

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.