Alkeon Capital Management LLC Buys 400,000 Shares of Entergy Corporation $ETR

Alkeon Capital Management LLC increased its stake in Entergy Corporation (NYSE:ETR) by 15.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,004,291 shares of the utilities provider’s stock after purchasing an additional 400,000 shares during the quarter. Alkeon Capital Management LLC owned approximately 0.67% of Entergy worth $279,970,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Brighton Jones LLC raised its stake in shares of Entergy by 275.6% in the fourth quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock valued at $696,000 after buying an additional 6,733 shares during the period. Woodline Partners LP increased its holdings in Entergy by 40.7% in the 1st quarter. Woodline Partners LP now owns 36,228 shares of the utilities provider’s stock worth $3,097,000 after acquiring an additional 10,476 shares during the last quarter. Summit Investment Advisors Inc. increased its holdings in Entergy by 10.1% in the 1st quarter. Summit Investment Advisors Inc. now owns 4,598 shares of the utilities provider’s stock worth $393,000 after acquiring an additional 420 shares during the last quarter. Allworth Financial LP raised its stake in Entergy by 11.2% in the 2nd quarter. Allworth Financial LP now owns 9,368 shares of the utilities provider’s stock valued at $779,000 after acquiring an additional 944 shares during the period. Finally, Forsta AP Fonden raised its stake in Entergy by 8.2% in the 2nd quarter. Forsta AP Fonden now owns 80,800 shares of the utilities provider’s stock valued at $6,716,000 after acquiring an additional 6,100 shares during the period. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on ETR. Mizuho set a $112.00 target price on shares of Entergy in a research report on Friday, February 13th. TD Cowen began coverage on shares of Entergy in a research note on Friday, January 9th. They set a “buy” rating and a $108.00 price target on the stock. KeyCorp raised their price objective on shares of Entergy from $102.00 to $111.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. Wells Fargo & Company lifted their price objective on shares of Entergy from $105.00 to $119.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Finally, Barclays set a $96.00 target price on Entergy and gave the stock an “overweight” rating in a research report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Entergy presently has a consensus rating of “Moderate Buy” and an average price target of $106.61.

Entergy Trading Up 1.0%

Shares of Entergy stock opened at $105.56 on Friday. The company’s 50-day moving average price is $99.61 and its 200-day moving average price is $95.51. The company has a current ratio of 0.74, a quick ratio of 0.51 and a debt-to-equity ratio of 1.65. Entergy Corporation has a 12-month low of $75.57 and a 12-month high of $107.93. The company has a market cap of $47.82 billion, a price-to-earnings ratio of 27.00, a PEG ratio of 2.09 and a beta of 0.64.

Entergy (NYSE:ETR) last posted 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 period last year, the company posted $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities analysts expect that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

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

Insider Activity

In related news, EVP John C. Dinelli sold 5,372 shares of Entergy stock in a transaction 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 completion of the sale, the executive vice president owned 23,609 shares of the company’s stock, valued at approximately $2,454,155.55. This trade represents a 18.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.39% of the company’s stock.

About Entergy

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.