Canada Pension Plan Investment Board Has $47.05 Million Holdings in Entergy Co. (NYSE:ETR)

Canada Pension Plan Investment Board raised its position in Entergy Co. (NYSE:ETR) by 188.7% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 439,733 shares of the utilities provider’s stock after purchasing an additional 287,400 shares during the period. Canada Pension Plan Investment Board’s holdings in Entergy were worth $47,051,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ETR. Tidemark LLC acquired a new stake in Entergy in the 4th quarter valued at approximately $25,000. Iron Horse Wealth Management LLC acquired a new stake in shares of Entergy in the second quarter valued at approximately $25,000. Heritage Wealth Advisors boosted its holdings in Entergy by 2,172.7% during the first quarter. Heritage Wealth Advisors now owns 250 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 239 shares during the last quarter. American National Bank increased its stake in Entergy by 93.7% in the 2nd quarter. American National Bank now owns 277 shares of the utilities provider’s stock valued at $30,000 after buying an additional 134 shares during the last quarter. Finally, TruNorth Capital Management LLC bought a new stake in Entergy during the 2nd quarter worth about $32,000. 88.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ETR has been the topic of several analyst reports. KeyCorp upped their target price on Entergy from $123.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Mizuho increased their price objective on Entergy from $107.00 to $114.00 and gave the company a “buy” rating in a report on Friday, May 31st. JPMorgan Chase & Co. boosted their target price on shares of Entergy from $131.00 to $141.00 and gave the stock an “overweight” rating in a report on Monday, August 12th. Wells Fargo & Company lifted their price objective on shares of Entergy from $125.00 to $137.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, Bank of America raised their target price on shares of Entergy from $135.00 to $138.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $127.35.

Entergy Price Performance

Shares of Entergy stock opened at $129.25 on Friday. The company has a 50-day simple moving average of $118.52 and a two-hundred day simple moving average of $110.87. Entergy Co. has a twelve month low of $87.10 and a twelve month high of $129.70. The stock has a market capitalization of $27.60 billion, a price-to-earnings ratio of 12.96, a price-to-earnings-growth ratio of 2.31 and a beta of 0.73. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 1.81.

Entergy (NYSE:ETR) last released its quarterly earnings results on Thursday, August 1st. The utilities provider reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.16. The company had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.98 billion. Entergy had a net margin of 14.75% and a return on equity of 10.10%. During the same period in the previous year, the business earned $1.84 earnings per share. Analysts forecast that Entergy Co. will post 7.22 EPS for the current year.

Entergy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 13th were paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date was Tuesday, August 13th. Entergy’s dividend payout ratio (DPR) is presently 45.34%.

Insider Buying and Selling

In other Entergy news, CEO Andrew S. Marsh sold 19,200 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $120.35, for a total value of $2,310,720.00. Following the transaction, the chief executive officer now directly owns 150,731 shares of the company’s stock, valued at approximately $18,140,475.85. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Andrew S. Marsh sold 19,200 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $120.35, for a total transaction of $2,310,720.00. Following the sale, the chief executive officer now owns 150,731 shares in the company, valued at approximately $18,140,475.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew S. Marsh sold 3,200 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $121.46, for a total transaction of $388,672.00. Following the transaction, the chief executive officer now owns 150,731 shares of the company’s stock, valued at $18,307,787.26. The disclosure for this sale can be found here. Insiders sold 42,888 shares of company stock valued at $5,110,766 over the last quarter. 0.39% of the stock is owned by company insiders.

Entergy Company 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.