Investors Boost Stakes in Entergy as Stock Rises on Buybacks and Dividend

Lead Institutional investors Viking Fund Management and Miller Howard Investments added a combined 24,612 shares of Entergy Corporation ahead of Friday’s trading, driving the utility’s stock up 1.0% on the NYSE at $88.67.

Nut Graf The share purchases-16.1% by Viking Fund and 1.1% by Miller Howard-reflect growing confidence in Entergy’s fiscal 2025 guidance of $3.75-$3.95 EPS and its $0.60 quarterly dividend, which yields 2.7% annually.

Market Moves Viking Fund Management lifted its Entergy stake by 18,000 shares to hold 130,000 shares, making Entergy its 19th largest position with a valuation of $10.8 million at quarter’s end. Miller Howard Investments increased its position by 6,612 shares to 608,244 shares, representing roughly 1.6% of its portfolio and valued at $50.6 million.

Dividend and Guidance Entergy’s board declared a $0.60 per share dividend on September 2 for shareholders of record August 13, maintaining its annualized payout at $2.40 per share and a 59.85% payout ratio. The company reaffirmed its full-year EPS forecast of $3.75-$3.95, with analysts projecting $3.88 per share for 2025.

Analyst Outlook Twelve analysts rate Entergy a “Buy,” while four recommend “Hold,” with a consensus price target of $89.87. JPMorgan Chase recently raised its target to $103 citing strong operational performance, while Morgan Stanley set an $86 target on moderate growth expectations.

Company Profile Entergy Corporation provides electricity in Arkansas, Louisiana, Mississippi and Texas, serving 3 million customers through power generation, transmission and distribution, and also distributes natural gas.