Entergy Corporation $ETR Shares Sold by Viking Fund Management LLC

Viking Fund Management LLC cut its stake in Entergy Corporation (NYSE:ETR) by 4.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 210,000 shares of the utilities provider’s stock after selling 10,000 shares during the period. Entergy makes up 2.2% of Viking Fund Management LLC’s investment portfolio, making the stock its 7th largest position. Viking Fund Management LLC’s holdings in Entergy were worth $19,410,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Physician Wealth Advisors Inc. grew its holdings in Entergy by 56.9% during the third quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 115 shares during the period. Hantz Financial Services Inc. raised its holdings in Entergy by 150.4% in the third quarter. Hantz Financial Services Inc. now owns 323 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 194 shares during the period. Capital A Wealth Management LLC boosted its position in shares of Entergy by 5,466.7% during the second 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 in the last quarter. JFS Wealth Advisors LLC grew its holdings in shares of Entergy by 46.1% in the 3rd quarter. JFS Wealth Advisors LLC now owns 412 shares of the utilities provider’s stock valued at $38,000 after buying an additional 130 shares during the period. Finally, Ameritas Advisory Services LLC grew its holdings in shares of Entergy by 44.4% in the 3rd quarter. Ameritas Advisory Services LLC now owns 416 shares of the utilities provider’s stock valued at $39,000 after buying an additional 128 shares during the period. Institutional investors own 88.07% of the company’s stock.

Entergy Price Performance

Shares of NYSE ETR opened at $102.40 on Wednesday. The company has a fifty day moving average price of $101.10 and a 200 day moving average price of $96.32. The firm has a market cap of $46.39 billion, a PE ratio of 26.19, a PEG ratio of 2.00 and a beta of 0.64. 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 1-year low of $75.57 and a 1-year high of $107.93.

Entergy (NYSE:ETR) last released its quarterly earnings results on Thursday, February 12th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.01). The firm had revenue of $2.96 billion during the quarter, compared to analyst estimates of $2.99 billion. Entergy had a net margin of 13.66% and a return on equity of 10.89%. During the same period in the prior year, the business earned $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Research analysts predict that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Monday, February 9th were paid a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Monday, February 9th. Entergy’s dividend payout ratio is currently 65.47%.

Analysts Set New Price Targets

ETR has been the topic of several research analyst reports. Barclays set a $96.00 price objective on Entergy and gave the stock an “overweight” rating in a research note on Thursday, January 15th. KeyCorp increased their price target on Entergy from $102.00 to $111.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. JPMorgan Chase & Co. dropped their price target on Entergy from $113.00 to $108.00 and set an “overweight” rating on the stock in a research report on Thursday, December 11th. TD Cowen initiated coverage on Entergy in a report on Friday, January 9th. They set a “buy” rating and a $108.00 price objective on the stock. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Entergy in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $107.17.

Insider Buying and Selling at Entergy

In related news, EVP John C. Dinelli sold 5,372 shares of Entergy stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $103.95, for a total value of $558,419.40. Following the sale, the executive vice president owned 23,609 shares of the company’s stock, valued at approximately $2,454,155.55. The trade was a 18.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.47% of the stock is owned by insiders.

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.