Alkeon Capital Management LLC Sells 268,279 Shares of Entergy Corporation $ETR

Alkeon Capital Management LLC cut its stake in shares of Entergy Corporation (NYSE:ETR) by 8.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,736,012 shares of the utilities provider’s stock after selling 268,279 shares during the quarter. Alkeon Capital Management LLC owned approximately 0.61% of Entergy worth $252,890,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Nordea Investment Management AB lifted its holdings in Entergy by 66.0% in the 4th quarter. Nordea Investment Management AB now owns 800,258 shares of the utilities provider’s stock worth $74,512,000 after purchasing an additional 318,221 shares in the last quarter. ANTIPODES PARTNERS Ltd purchased a new position in Entergy in the 3rd quarter worth approximately $108,005,000. Aurora Investment Counsel purchased a new position in Entergy in the 3rd quarter worth approximately $3,120,000. Tounjian Advisory Partners LLC purchased a new position in Entergy in the 4th quarter worth approximately $1,473,000. Finally, World Investment Advisors lifted its holdings in Entergy by 170.6% in the 4th quarter. World Investment Advisors now owns 60,579 shares of the utilities provider’s stock worth $5,303,000 after purchasing an additional 38,195 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Entergy

In other news, insider Haley Fisackerly sold 10,638 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $110.00, for a total transaction of $1,170,180.00. Following the sale, the insider owned 14,182 shares in the company, valued at approximately $1,560,020. The trade was a 42.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on ETR shares. Truist Financial set a $127.00 price objective on Entergy and gave the stock a “buy” rating in a report on Friday, May 29th. Mizuho set a $122.00 price objective on Entergy and gave the stock an “outperform” rating in a report on Wednesday, June 10th. Seaport Research Partners cut Entergy from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. BTIG Research reaffirmed a “buy” rating and set a $126.00 price objective on shares of Entergy in a report on Wednesday, June 10th. Finally, Wells Fargo & Company upped their price objective on Entergy from $123.00 to $128.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Seventeen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $119.68.

Entergy Price Performance

ETR opened at $110.95 on Tuesday. Entergy Corporation has a 12-month low of $80.11 and a 12-month high of $118.44. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 1.80. The business’s fifty day simple moving average is $112.38 and its 200-day simple moving average is $103.58. The company has a market capitalization of $50.80 billion, a price-to-earnings ratio of 28.30, a PEG ratio of 1.90 and a beta of 0.50.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.02. Entergy had a return on equity of 10.75% and a net margin of 13.48%.The company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter last year, the company earned $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities research analysts anticipate that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 1st were issued a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Friday, May 1st. Entergy’s dividend payout ratio (DPR) is currently 65.31%.

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.