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

Financial Counselors Inc. trimmed its position in Entergy Corporation (NYSE:ETR - Free Report) by 15.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. NBT Bank N A NY grew its position in shares of Entergy by 100.0% during the 4th quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock worth $26,000 after buying an additional 170 shares during the period. Grove Bank & Trust grew its position in shares of Entergy by 188.5% during the 1st quarter. Grove Bank & Trust now owns 352 shares of the utilities provider's stock worth $30,000 after buying an additional 230 shares during the period. Sandy Spring Bank grew its position in shares of Entergy by 100.0% during the 4th quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock worth $27,000 after buying an additional 179 shares during the period. Glen Eagle Advisors LLC grew its position in shares of Entergy by 100.0% during the 4th quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider's stock worth $27,000 after buying an additional 180 shares during the period. Finally, Legacy Investment Solutions LLC grew its position in shares of Entergy by 85.1% during the 4th quarter. Legacy Investment Solutions LLC now owns 374 shares of the utilities provider's stock worth $31,000 after buying an additional 172 shares during the period. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Entergy Price Performance

ETR stock traded down $1.33 during midday trading on Tuesday, reaching $80.39. The company had a trading volume of 352,751 shares, compared to its average volume of 3,742,344. The company has a market capitalization of $34.63 billion, a price-to-earnings ratio of 26.10, a price-to-earnings-growth ratio of 2.23 and a beta of 0.59. The stock has a 50 day moving average price of $82.42 and a 200-day moving average price of $81.99. Entergy Corporation has a 1-year low of $52.06 and a 1-year high of $88.38. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.82 and a quick ratio of 0.55.

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 analysts' consensus estimates of $0.60 by $0.22. The business had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.13 billion. Entergy had a return on equity of 11.43% and a net margin of 11.26%. During the same quarter in the previous year, the firm earned $0.54 earnings per share. Equities research analysts expect that Entergy Corporation will post 3.88 earnings per share for the current year.

Wall Street Analyst Weigh In

ETR has been the subject of several analyst reports. Morgan Stanley decreased their target price on Entergy from $82.00 to $81.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 18th. Raymond James Financial initiated coverage on Entergy in a research report on Friday, June 13th. They issued a "market perform" rating for the company. KeyCorp raised Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 target price for the company in a research note on Wednesday, May 14th. BMO Capital Markets increased their target price on Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Finally, Barclays increased their target price on Entergy from $88.00 to $91.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Six analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $86.25.

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.