115,000 Shares in Entergy Corporation $ETR Bought by Kingdon Capital Management L.L.C.

Kingdon Capital Management L.L.C. acquired a new stake in shares of Entergy Corporation (NYSE:ETR) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 115,000 shares of the utilities provider’s stock, valued at approximately $10,717,000. Entergy accounts for 1.3% of Kingdon Capital Management L.L.C.’s investment portfolio, making the stock its 26th largest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Gotham Asset Management LLC lifted its holdings in shares of Entergy by 96.4% in the 3rd quarter. Gotham Asset Management LLC now owns 58,975 shares of the utilities provider’s stock worth $5,496,000 after buying an additional 28,950 shares during the period. Focus Partners Wealth boosted its position in shares of Entergy by 533.7% in the 3rd quarter. Focus Partners Wealth now owns 90,326 shares of the utilities provider’s stock worth $8,419,000 after purchasing an additional 76,073 shares in the last quarter. Elevation Point Wealth Partners LLC increased its holdings in shares of Entergy by 12.2% during the third quarter. Elevation Point Wealth Partners LLC now owns 6,521 shares of the utilities provider’s stock valued at $608,000 after acquiring an additional 709 shares in the last quarter. Eventide Asset Management LLC increased its position in shares of Entergy by 9.8% in the 3rd quarter. Eventide Asset Management LLC now owns 651,043 shares of the utilities provider’s stock valued at $60,708,000 after acquiring an additional 57,946 shares during the period. Finally, Clark Capital Management Group Inc. purchased a new stake in Entergy in the third quarter valued at approximately $259,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insider Buying and Selling

In related news, EVP John C. Dinelli sold 5,372 shares of Entergy stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $103.95, for a total transaction of $558,419.40. Following the transaction, the executive vice president owned 23,609 shares in the company, valued at approximately $2,454,155.55. This trade represents a 18.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.47% of the company’s stock.

Entergy Price Performance

Shares of NYSE ETR opened at $105.56 on Monday. The firm has a 50-day simple moving average of $99.61 and a 200-day simple moving average of $95.55. The stock has a market capitalization of $47.82 billion, a price-to-earnings ratio of 27.00, a price-to-earnings-growth ratio of 2.09 and a beta of 0.64. The company has a quick ratio of 0.51, a current ratio of 0.74 and a debt-to-equity ratio of 1.65. Entergy Corporation has a 52 week low of $75.57 and a 52 week high of $107.93.

Entergy (NYSE:ETR) last posted its quarterly earnings results 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 business had revenue of $2.96 billion for the quarter, compared to analyst estimates of $2.99 billion. Entergy had a return on equity of 10.89% and a net margin of 13.66%.During the same quarter in the previous year, the firm posted $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities analysts predict that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 9th were issued a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, February 9th. Entergy’s dividend payout ratio (DPR) is currently 65.47%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on ETR shares. UBS Group reissued a “buy” rating and issued a $105.00 price target (up from $96.00) on shares of Entergy in a report on Wednesday, December 17th. BMO Capital Markets lifted their target price on shares of Entergy from $104.00 to $112.00 and gave the company an “outperform” rating in a report on Friday, February 13th. JPMorgan Chase & Co. decreased their price objective 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. Argus set a $100.00 price objective on Entergy and gave the company a “buy” rating in a research report on Tuesday, January 6th. Finally, Wall Street Zen lowered shares of Entergy from a “hold” rating to a “sell” rating in a research note on Sunday, February 22nd. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $106.61.

Entergy 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.