Victory Capital Management Inc. Has $20.42 Million Position in Entergy Corporation $ETR

Victory Capital Management Inc. cut its stake in shares of Entergy Corporation (NYSE:ETR) by 30.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 219,103 shares of the utilities provider’s stock after selling 95,834 shares during the quarter. Victory Capital Management Inc.’s holdings in Entergy were worth $20,418,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in ETR. Capital A Wealth Management LLC lifted 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 valued at $28,000 after purchasing an additional 328 shares during the last quarter. Atlantic Union Bankshares Corp bought a new stake in Entergy during the second quarter worth about $30,000. Physician Wealth Advisors Inc. grew its stake in Entergy by 56.9% during the third 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 holdings in shares of Entergy by 150.4% during the third quarter. Hantz Financial Services Inc. now owns 323 shares of the utilities provider’s stock worth $30,000 after buying an additional 194 shares in the last quarter. Finally, JFS Wealth Advisors LLC raised its stake in shares of Entergy by 46.1% in the third quarter. JFS Wealth Advisors LLC now owns 412 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 130 shares during the last quarter. Institutional investors own 88.07% of the company’s stock.

Insider Transactions at Entergy

In other Entergy news, EVP John C. Dinelli sold 5,372 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $103.95, for a total transaction of $558,419.40. Following the transaction, the executive vice president directly owned 23,609 shares in the company, valued at approximately $2,454,155.55. This represents a 18.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.47% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Royal Bank Of Canada restated an “outperform” rating and set a $112.00 price target on shares of Entergy in a research report on Friday, January 23rd. BMO Capital Markets boosted their price objective on Entergy from $104.00 to $112.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Barclays set a $96.00 target price on Entergy and gave the stock an “overweight” rating in a report on Thursday, January 15th. Mizuho set a $112.00 target price on Entergy in a research note on Friday, February 13th. Finally, Wall Street Zen cut Entergy from a “hold” rating to a “sell” rating in a report on Sunday, February 22nd. One investment 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $106.61.

Entergy Stock Down 0.0%

Shares of ETR opened at $104.68 on Tuesday. The firm has a market capitalization of $47.42 billion, a price-to-earnings ratio of 26.77, a PEG ratio of 2.07 and a beta of 0.64. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.51 and a current ratio of 0.74. The business’s fifty day moving average price is $98.68 and its two-hundred day moving average price is $95.12. Entergy Corporation has a 52 week low of $75.57 and a 52 week high of $107.93.

Entergy (NYSE:ETR) last released its 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). 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 the consensus estimate of $2.99 billion. During the same quarter in the previous year, the firm earned $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, analysts predict that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

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

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.