Brown Advisory Inc. Trims Stock Holdings in Entergy Corporation (NYSE:ETR)

Brown Advisory Inc. decreased its holdings in Entergy Corporation (NYSE:ETR) by 26.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,061 shares of the utilities provider’s stock after selling 1,447 shares during the period. Brown Advisory Inc.’s holdings in Entergy were worth $347,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Grove Bank & Trust boosted its position in Entergy by 188.5% during the first quarter. Grove Bank & Trust now owns 352 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 230 shares in the last quarter. Sandy Spring Bank raised its stake in shares of Entergy by 100.0% in the fourth quarter. Sandy Spring Bank now owns 358 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 179 shares during the last quarter. Glen Eagle Advisors LLC raised its position in Entergy by 100.0% during the fourth quarter. Glen Eagle Advisors LLC now owns 360 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 180 shares in the last quarter. Legacy Investment Solutions LLC raised its position in Entergy by 85.1% during the fourth quarter. Legacy Investment Solutions LLC now owns 374 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 172 shares in the last quarter. Finally, Glass Jacobson Investment Advisors llc acquired a new stake in Entergy in the fourth quarter valued at approximately $29,000. Institutional investors own 88.07% of the company’s stock.

Wall Street Analyst Weigh In

ETR has been the topic of a number of recent research reports. Raymond James Financial began coverage on Entergy in a research note on Friday, June 13th. They set a “market perform” rating on the stock. KeyCorp raised Entergy from a “sector weight” rating to an “overweight” rating and set a $85.00 price objective for the company in a research report on Wednesday, May 14th. BMO Capital Markets increased their price objective on Entergy from $89.00 to $93.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 30th. Morgan Stanley dropped their price objective on Entergy from $82.00 to $81.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 18th. Finally, Barclays dropped their price objective on Entergy from $91.00 to $87.00 and set an “overweight” rating for the company in a research note on Thursday, July 10th. Six equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Entergy presently has a consensus rating of “Moderate Buy” and an average price target of $86.25.

Entergy Trading Up 0.1%

Shares of ETR opened at $82.86 on Wednesday. The stock’s 50-day moving average is $82.21 and its two-hundred day moving average is $82.20. The stock has a market cap of $35.69 billion, a PE ratio of 26.90, a P/E/G ratio of 2.26 and a beta of 0.59. Entergy Corporation has a 12 month low of $53.79 and a 12 month 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) last announced its 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. The business had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.13 billion. Entergy had a return on equity of 11.43% and a net margin of 11.26%. During the same period in the previous year, the company earned $0.54 earnings per share. Equities analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current fiscal 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.