State of New Jersey Common Pension Fund D Acquires 6,175 Shares of Entergy Corporation $ETR

State of New Jersey Common Pension Fund D raised its holdings in shares of Entergy Corporation (NYSE:ETR) by 4.1% during the third quarter, HoldingsChannel reports. The fund owned 155,538 shares of the utilities provider’s stock after purchasing an additional 6,175 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Entergy were worth $14,495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in ETR. Vanguard Group Inc. grew its position in shares of Entergy by 3.0% in the second quarter. Vanguard Group Inc. now owns 56,459,668 shares of the utilities provider’s stock valued at $4,692,928,000 after purchasing an additional 1,630,674 shares in the last quarter. State Street Corp boosted its stake in Entergy by 4.5% in the 2nd quarter. State Street Corp now owns 22,920,881 shares of the utilities provider’s stock worth $1,905,184,000 after purchasing an additional 981,750 shares during the period. Ameriprise Financial Inc. grew its holdings in Entergy by 3.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 13,652,982 shares of the utilities provider’s stock valued at $1,134,850,000 after buying an additional 479,093 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Entergy by 4.7% during the second quarter. Geode Capital Management LLC now owns 11,242,611 shares of the utilities provider’s stock valued at $930,541,000 after buying an additional 505,344 shares during the period. Finally, Boston Partners increased its position in shares of Entergy by 114.9% during the second quarter. Boston Partners now owns 6,940,628 shares of the utilities provider’s stock valued at $578,531,000 after buying an additional 3,710,814 shares during the period. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Trading Up 3.1%

Shares of ETR stock opened at $105.09 on Tuesday. The business has a 50-day moving average price of $94.94 and a two-hundred day moving average price of $93.53. Entergy Corporation has a 12-month low of $75.57 and a 12-month high of $105.69. The company has a quick ratio of 0.48, a current ratio of 0.71 and a debt-to-equity ratio of 1.62. The firm has a market cap of $46.93 billion, a P/E ratio of 26.88, a price-to-earnings-growth ratio of 2.34 and a beta of 0.65.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Thursday, February 12th. The utilities provider reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). The firm had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $2.99 billion. Entergy had a net margin of 13.66% and a return on equity of 11.04%. During the same period in the prior year, the business posted $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities analysts anticipate that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Monday, February 9th will be paid a $0.64 dividend. The ex-dividend date of this dividend is Monday, February 9th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.4%. Entergy’s dividend payout ratio is 65.47%.

Analyst Upgrades and Downgrades

ETR has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Entergy in a research note on Thursday, January 22nd. BMO Capital Markets boosted their price target on shares of Entergy from $104.00 to $112.00 and gave the company an “outperform” rating in a research report on Friday. Siebert Williams Shank started coverage on Entergy in a research note on Tuesday, January 20th. They set a “buy” rating and a $109.00 price objective for the company. Argus set a $100.00 target price on Entergy and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Finally, Wall Street Zen raised Entergy from a “sell” rating to a “hold” rating in a report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.72.

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.