Entergy Corporation (NYSE:ETR) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its holdings in shares of Entergy Corporation (NYSE:ETR - Free Report) by 25.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 414,915 shares of the utilities provider's stock after selling 138,591 shares during the quarter. Victory Capital Management Inc. owned about 0.10% of Entergy worth $35,471,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Morgan Stanley lowered their price objective on shares of Entergy from $82.00 to $81.00 and set an "equal weight" rating on the stock in a research report on Wednesday, June 18th. KeyCorp increased their target price on shares of Entergy from $85.00 to $88.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. JPMorgan Chase & Co. raised their target price on shares of Entergy from $100.00 to $102.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Barclays reduced their price objective 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, BMO Capital Markets boosted their price objective on shares of Entergy from $89.00 to $93.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Six research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $86.46.

Entergy Stock Performance

NYSE ETR traded up $0.74 on Thursday, hitting $88.86. 481,097 shares of the company traded hands, compared to its average volume of 3,642,987. The company has a current ratio of 0.82, a quick ratio of 0.55 and a debt-to-equity ratio of 1.91. Entergy Corporation has a 52-week low of $55.35 and a 52-week high of $89.35. The business's 50 day moving average price is $82.71 and its 200-day moving average price is $82.59. The company has a market capitalization of $38.28 billion, a price-to-earnings ratio of 28.87, a P/E/G ratio of 2.41 and a beta of 0.59.

Entergy (NYSE:ETR - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $3.02 billion for the quarter, compared to analyst estimates 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 company posted $0.54 earnings per share. Equities analysts expect that Entergy Corporation will post 3.88 earnings per share 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.