Financial Counselors Inc. Sells 49,378 Shares of Entergy Corporation (NYSE:ETR)

Financial Counselors Inc. trimmed its holdings in Entergy Corporation (NYSE:ETR - Free Report) by 15.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 268,270 shares of the utilities provider's stock after selling 49,378 shares during the quarter. Financial Counselors Inc. owned approximately 0.06% of Entergy worth $22,934,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ETR. Brighton Jones LLC boosted its stake in Entergy by 275.6% in the 4th quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider's stock worth $696,000 after purchasing an additional 6,733 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in Entergy by 117.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 19,547 shares of the utilities provider's stock worth $1,482,000 after purchasing an additional 10,567 shares during the period. Keybank National Association OH boosted its stake in Entergy by 132.5% in the 4th quarter. Keybank National Association OH now owns 6,470 shares of the utilities provider's stock worth $491,000 after purchasing an additional 3,687 shares during the period. M&T Bank Corp boosted its stake in Entergy by 196.1% in the 4th quarter. M&T Bank Corp now owns 35,811 shares of the utilities provider's stock worth $2,714,000 after purchasing an additional 23,717 shares during the period. Finally, Proficio Capital Partners LLC bought a new position in Entergy in the 4th quarter worth approximately $9,135,000. 88.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ETR. Raymond James Financial began coverage on Entergy in a report on Friday, June 13th. They set a "market perform" rating on the stock. KeyCorp upgraded Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 price target on the stock in a report on Wednesday, May 14th. BMO Capital Markets increased 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. Morgan Stanley decreased their price target on Entergy from $82.00 to $81.00 and set an "equal weight" rating on the stock in a report on Wednesday, June 18th. Finally, Barclays decreased their price target on Entergy from $91.00 to $87.00 and set an "overweight" rating on the stock in a report on Thursday. Six equities research 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 stock. Based on data from MarketBeat.com, Entergy currently has a consensus rating of "Moderate Buy" and a consensus price target of $85.96.

Entergy Stock Up 0.8%

Shares of ETR traded up $0.69 during midday trading on Thursday, reaching $82.15. 1,675,974 shares of the stock were exchanged, compared to its average volume of 3,553,973. Entergy Corporation has a 52 week low of $52.46 and a 52 week high of $88.38. The company has a current ratio of 0.82, a quick ratio of 0.55 and a debt-to-equity ratio of 1.91. The company's 50 day moving average is $82.34 and its two-hundred day moving average is $81.98. The company has a market capitalization of $35.39 billion, a P/E ratio of 26.67, a PEG ratio of 2.20 and a beta of 0.59.

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

Entergy Company 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.