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

Kingdon Capital Management L.L.C. purchased a new stake in shares of Entergy Corporation (NYSE:ETR) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 115,000 shares of the utilities provider’s stock, valued at approximately $10,717,000. Entergy makes up 1.3% of Kingdon Capital Management L.L.C.’s investment portfolio, making the stock its 26th biggest holding.

A number of other hedge funds have also recently made changes to their positions in the stock. Capital A Wealth Management LLC increased its holdings in Entergy by 5,466.7% during the 2nd quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 328 shares during the period. Physician Wealth Advisors Inc. lifted its holdings in Entergy by 56.9% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock worth $30,000 after buying an additional 115 shares during the last quarter. Hantz Financial Services Inc. increased its stake in Entergy by 150.4% in the third quarter. Hantz Financial Services Inc. now owns 323 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 194 shares during the last quarter. JFS Wealth Advisors LLC raised its holdings in Entergy by 46.1% during the third quarter. JFS Wealth Advisors LLC now owns 412 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 130 shares in the last quarter. Finally, Ameritas Advisory Services LLC lifted its position in shares of Entergy by 44.4% during the 3rd quarter. Ameritas Advisory Services LLC now owns 416 shares of the utilities provider’s stock worth $39,000 after buying an additional 128 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insider Activity

In other news, EVP John C. Dinelli sold 5,372 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $103.95, for a total transaction of $558,419.40. Following the completion of the sale, the executive vice president directly owned 23,609 shares of the company’s stock, valued at $2,454,155.55. The trade was a 18.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.47% of the stock is owned by corporate insiders.

Entergy Stock Performance

ETR opened at $105.56 on Monday. Entergy Corporation has a 1-year low of $75.57 and a 1-year high of $107.93. The stock has a market cap of $47.82 billion, a P/E ratio of 27.00, a P/E/G ratio of 2.09 and a beta of 0.64. The stock’s 50 day simple moving average is $99.61 and its 200 day simple moving average is $95.55. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.74 and a quick ratio of 0.51.

Entergy (NYSE:ETR) last posted its earnings results on Thursday, February 12th. The utilities provider reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). Entergy had a return on equity of 10.89% and a net margin of 13.66%.The firm had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $2.99 billion. 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. As a group, equities analysts anticipate that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on ETR shares. Siebert Williams Shank assumed coverage on shares of Entergy in a research note on Tuesday, January 20th. They issued a “buy” rating and a $109.00 price objective on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Entergy in a research note on Thursday, January 22nd. Citigroup lifted their price target on Entergy from $91.00 to $106.00 and gave the company a “neutral” rating in a research note on Tuesday, November 18th. Morgan Stanley set a $98.00 price objective on Entergy in a research report on Friday, February 20th. Finally, Barclays set a $96.00 target price on Entergy and gave the company an “overweight” rating in a report on Thursday, January 15th. One investment 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.