OMERS ADMINISTRATION Corp Makes New $3.75 Million Investment in Entergy Corporation $ETR

OMERS ADMINISTRATION Corp acquired a new stake in Entergy Corporation (NYSE:ETR) in the second quarter, HoldingsChannel.com reports. The firm acquired 32,684 shares of the utilities provider’s stock, valued at approximately $3,754,000.

Several other large investors have also modified their holdings of the company. Sanctuary Advisors LLC acquired a new position in shares of Entergy in the 2nd quarter valued at $13,313,000. Meiji Yasuda Asset Management Co Ltd. purchased a new stake in Entergy in the 2nd quarter valued at $409,000. Magellan Asset Management Ltd acquired a new stake in Entergy during the 2nd quarter worth $55,449,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Entergy during the 2nd quarter worth $633,338,000. Finally, Bank of Nova Scotia acquired a new stake in Entergy during the 2nd quarter worth $5,528,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ETR has been the topic of a number of recent research reports. BMO Capital Markets lifted their price objective on shares of Entergy from $123.00 to $124.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Mizuho set a $122.00 target price on shares of Entergy and gave the stock an “outperform” rating in a research note on Wednesday, June 10th. Scotiabank reissued a “sector outperform” rating on shares of Entergy in a report on Wednesday, June 10th. JPMorgan Chase & Co. boosted their price target on Entergy from $129.00 to $139.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Entergy in a research note on Wednesday, June 10th. Seventeen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Entergy has an average rating of “Moderate Buy” and an average price target of $120.84.

Insider Buying and Selling at Entergy

In other Entergy news, Director Ralph Lewis Ropp acquired 1,000 shares of the business’s stock in a transaction on Thursday, August 6th. The stock was purchased at an average price of $106.08 per share, for a total transaction of $106,080.00. Following the completion of the transaction, the director owned 3,423 shares of the company’s stock, valued at $363,111.84. The trade was a 41.27% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Haley Fisackerly sold 10,638 shares of the firm’s stock in a transaction 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 sale, the insider directly owned 14,182 shares of the company’s stock, valued at approximately $1,560,020. This trade represents a 42.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.21% of the company’s stock.

Entergy Price Performance

Shares of ETR opened at $106.28 on Wednesday. Entergy Corporation has a twelve month low of $86.40 and a twelve month high of $118.44. The stock’s 50 day moving average is $111.32 and its two-hundred day moving average is $109.79. The firm has a market capitalization of $49.59 billion, a PE ratio of 27.25, a P/E/G ratio of 1.81 and a beta of 0.50. The company has a current ratio of 0.91, a quick ratio of 0.70 and a debt-to-equity ratio of 1.73.

Entergy (NYSE:ETR) last issued its earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.02. The business had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.49 billion. Entergy had a return on equity of 10.53% and a net margin of 13.40%.During the same period in the prior year, the business posted $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Research analysts anticipate that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Thursday, August 13th will be issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, August 13th. Entergy’s dividend payout ratio is currently 65.64%.

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.