Entergy Corporation (NYSE:ETR) Shares Sold by Kayne Anderson Capital Advisors LP

Kayne Anderson Capital Advisors LP lessened its holdings in shares of Entergy Corporation (NYSE:ETR - Free Report) by 27.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 650,353 shares of the utilities provider's stock after selling 249,746 shares during the period. Entergy comprises approximately 1.2% of Kayne Anderson Capital Advisors LP's holdings, making the stock its 17th largest holding. Kayne Anderson Capital Advisors LP owned about 0.15% of Entergy worth $55,599,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Entergy by 101.9% in the 4th quarter. Vanguard Group Inc. now owns 52,133,646 shares of the utilities provider's stock worth $3,952,773,000 after buying an additional 26,312,267 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Entergy by 142.8% in the 4th quarter. Bank of America Corp DE now owns 17,594,747 shares of the utilities provider's stock worth $1,334,034,000 after buying an additional 10,347,926 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Entergy by 71.4% during the 4th quarter. Ameriprise Financial Inc. now owns 12,884,421 shares of the utilities provider's stock valued at $976,895,000 after purchasing an additional 5,368,396 shares during the last quarter. FMR LLC boosted its stake in Entergy by 90.7% during the 4th quarter. FMR LLC now owns 12,612,407 shares of the utilities provider's stock valued at $956,273,000 after purchasing an additional 5,998,760 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Entergy by 66.7% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,042,159 shares of the utilities provider's stock valued at $837,216,000 after purchasing an additional 4,418,528 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company's stock.

Entergy Stock Performance

Shares of ETR traded up $0.45 during trading hours on Thursday, reaching $88.57. 923,871 shares of the company traded hands, compared to its average volume of 3,646,632. The stock has a market capitalization of $38.15 billion, a P/E ratio of 28.76, a P/E/G ratio of 2.41 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 Corporation has a 12-month low of $55.35 and a 12-month high of $89.35. The business has a fifty day moving average price of $82.71 and a 200-day moving average price of $82.59.

Entergy (NYSE:ETR - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $0.82 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 company had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same period in the prior year, the company earned $0.54 earnings per share. Equities analysts anticipate that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on ETR. Barclays lowered their price target on Entergy from $91.00 to $87.00 and set an "overweight" rating on the stock in a report on Thursday, July 10th. BMO Capital Markets raised their price target on Entergy from $89.00 to $93.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. 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 report on Tuesday, July 15th. KeyCorp lifted their price target on Entergy from $85.00 to $88.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Finally, Morgan Stanley decreased their price objective on shares of Entergy from $82.00 to $81.00 and set an "equal weight" rating for the company in a research note on Wednesday, June 18th. Six investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Entergy has an average rating of "Moderate Buy" and an average target price of $86.46.

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.