Victory Capital Management Reduces Stake in Entergy Corporation

The investment firm cut its holdings in the utility company by 30.4% in the third quarter.

Published on Mar. 10, 2026

Got story updates? Submit your updates here. ›

Victory Capital Management Inc. reduced its stake in Entergy Corporation (NYSE:ETR) by 30.4% in the third quarter, according to a recent SEC filing. The firm now owns 219,103 shares of the utilities provider's stock, valued at $20.42 million.

Why it matters

This transaction reflects shifting investment strategies and portfolio adjustments by major institutional investors in the utility sector. Entergy is a prominent electric utility serving customers across the southern United States, so changes in ownership by large funds can impact the company's stock price and access to capital.

The details

According to the filing, Victory Capital Management sold 95,834 shares of Entergy during the third quarter, reducing its total position to 219,103 shares. The firm cited portfolio rebalancing and changes in its investment outlook as the reasons for the stake reduction.

  • Victory Capital Management filed the disclosure with the SEC on March 10, 2026.
  • The stake reduction occurred during the third quarter of the previous year.

The players

Victory Capital Management Inc.

An investment management firm that oversees over $150 billion in client assets.

Entergy Corporation

A major electric utility company serving customers in Arkansas, Louisiana, Mississippi, and Texas.

Got photos? Submit your photos here. ›

The takeaway

This transaction highlights the dynamic nature of institutional investment in the utility sector, as large fund managers adjust their portfolios in response to market conditions and their own strategic priorities. Entergy's stock performance and access to capital will likely be influenced by the shifting ownership patterns among major investors like Victory Capital Management.