63,866 Shares in Entergy Corporation (NYSE:ETR) Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. bought a new stake in Entergy Corporation (NYSE:ETR - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 63,866 shares of the utilities provider's stock, valued at approximately $5,460,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ETR. Brighton Jones LLC grew its stake in shares of Entergy by 275.6% during 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 last quarter. HighTower Advisors LLC grew its stake in shares of Entergy by 100.8% during the fourth quarter. HighTower Advisors LLC now owns 87,795 shares of the utilities provider's stock valued at $6,657,000 after buying an additional 44,083 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Entergy by 129.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 5,268 shares of the utilities provider's stock valued at $399,000 after buying an additional 2,968 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Entergy by 103.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 97,960 shares of the utilities provider's stock valued at $7,427,000 after buying an additional 49,831 shares during the last quarter. Finally, Natixis Advisors LLC grew its stake in shares of Entergy by 117.1% during the fourth quarter. Natixis Advisors LLC now owns 499,195 shares of the utilities provider's stock valued at $37,849,000 after buying an additional 269,256 shares during the last quarter. 88.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. raised their price objective on Entergy from $100.00 to $102.00 and gave the company an "overweight" rating in a research note on Tuesday. BMO Capital Markets increased their target price on shares of Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. KeyCorp increased their target price on shares of Entergy from $85.00 to $88.00 and gave the stock an "overweight" rating in a report on Wednesday. Barclays dropped their target price on shares of Entergy from $91.00 to $87.00 and set an "overweight" rating for the company in a report on Thursday, July 10th. Finally, Morgan Stanley dropped their target price on shares of Entergy from $82.00 to $81.00 and set an "equal weight" rating for the company in a report on Wednesday, June 18th. Six research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $86.46.

Entergy Stock Up 1.9%

Shares of ETR stock traded up $1.64 during trading hours on Friday, hitting $86.18. 1,233,630 shares of the company's stock traded hands, compared to its average volume of 3,681,008. The stock's fifty day simple moving average is $82.22 and its two-hundred day simple moving average is $82.27. Entergy Corporation has a 12-month low of $55.01 and a 12-month high of $88.38. The stock has a market cap of $37.12 billion, a price-to-earnings ratio of 27.98, a PEG ratio of 2.28 and a beta of 0.59. The company has a quick ratio of 0.55, a current ratio of 0.82 and a debt-to-equity ratio of 1.91.

Entergy (NYSE:ETR - Get Free Report) last released its earnings results on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.22. Entergy had a net margin of 11.26% and a return on equity of 11.43%. The firm had revenue of $3.02 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same period last year, the business earned $0.54 earnings per share. On average, analysts expect that Entergy Corporation will post 3.88 EPS for the current year.

About Entergy

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.