Entergy Corporation (NYSE:ETR) Shares Sold by Denali Advisors LLC

Denali Advisors LLC lessened its stake in Entergy Corporation (NYSE:ETR - Free Report) by 59.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,700 shares of the utilities provider's stock after selling 3,922 shares during the quarter. Denali Advisors LLC's holdings in Entergy were worth $231,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Legacy Financial Advisors Inc. grew its holdings in shares of Entergy by 60.0% during the fourth quarter. Legacy Financial Advisors Inc. now owns 16,077 shares of the utilities provider's stock valued at $1,219,000 after purchasing an additional 6,028 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of Entergy by 74.3% during the fourth quarter. Bank of Montreal Can now owns 670,923 shares of the utilities provider's stock valued at $50,869,000 after purchasing an additional 286,005 shares during the last quarter. Horizon Investment Services LLC grew its holdings in shares of Entergy by 95.3% during the fourth quarter. Horizon Investment Services LLC now owns 4,319 shares of the utilities provider's stock valued at $328,000 after purchasing an additional 2,108 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Entergy by 25.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 78,470 shares of the utilities provider's stock valued at $6,708,000 after purchasing an additional 15,892 shares during the last quarter. Finally, Summit Investment Advisors Inc. grew its holdings in shares of Entergy by 85.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,178 shares of the utilities provider's stock valued at $317,000 after purchasing an additional 1,931 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Morgan Stanley lowered their target price on Entergy from $82.00 to $81.00 and set an "equal weight" rating for the company in a report on Wednesday, June 18th. KeyCorp raised their price target on shares of Entergy from $85.00 to $88.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. JPMorgan Chase & Co. raised their price target on shares of Entergy from $100.00 to $102.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. BMO Capital Markets raised their price target on shares of Entergy from $89.00 to $93.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Finally, Raymond James Financial began coverage on shares of Entergy in a research note on Friday, June 13th. They issued a "market perform" rating on the stock. Six research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Entergy currently has a consensus rating of "Moderate Buy" and an average price target of $86.46.

Entergy Trading Up 2.1%

Entergy stock opened at $86.33 on Monday. The firm has a 50 day simple moving average of $82.29 and a 200-day simple moving average of $82.44. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.82 and a quick ratio of 0.55. The stock has a market capitalization of $37.19 billion, a PE ratio of 28.03, a price-to-earnings-growth ratio of 2.35 and a beta of 0.59. Entergy Corporation has a 12-month low of $55.04 and a 12-month high of $88.38.

Entergy (NYSE:ETR - Get Free Report) last issued its earnings results on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share for the quarter, topping analysts' consensus estimates of $0.60 by $0.22. The firm had revenue of $3.02 billion during the quarter, compared to analysts' expectations of $3.13 billion. Entergy had a net margin of 11.26% and a return on equity of 11.43%. During the same period last year, the firm posted $0.54 earnings per share. As a group, equities research analysts expect that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Profile

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.

Want to see what other hedge funds are holding ETR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Entergy Corporation (NYSE:ETR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.