Entergy Corporation (NYSE:ETR) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. decreased its holdings in shares of Entergy Corporation (NYSE:ETR) by 26.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,061 shares of the utilities provider’s stock after selling 1,447 shares during the quarter. Brown Advisory Inc.’s holdings in Entergy were worth $347,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Beverly Hills Private Wealth LLC lifted its position in shares of Entergy by 9.4% during the 1st quarter. Beverly Hills Private Wealth LLC now owns 6,105 shares of the utilities provider’s stock worth $522,000 after purchasing an additional 525 shares during the last quarter. TD Private Client Wealth LLC raised its holdings in shares of Entergy by 5.7% in the 1st quarter. TD Private Client Wealth LLC now owns 82,377 shares of the utilities provider’s stock worth $7,042,000 after buying an additional 4,474 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Entergy by 3.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,129,657 shares of the utilities provider’s stock worth $182,064,000 after acquiring an additional 75,649 shares during the last quarter. Hexagon Capital Partners LLC grew its position in Entergy by 26.7% during the 1st quarter. Hexagon Capital Partners LLC now owns 2,058 shares of the utilities provider’s stock worth $176,000 after acquiring an additional 434 shares during the last quarter. Finally, Concurrent Investment Advisors LLC boosted its position in Entergy by 2.4% in the 1st quarter. Concurrent Investment Advisors LLC now owns 10,412 shares of the utilities provider’s stock valued at $890,000 after buying an additional 240 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Trading Up 0.1%

Entergy stock opened at $82.86 on Wednesday. Entergy Corporation has a 52 week low of $53.79 and a 52 week high of $88.38. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.55 and a current ratio of 0.82. The stock has a market capitalization of $35.69 billion, a P/E ratio of 26.90, a PEG ratio of 2.26 and a beta of 0.59. The stock has a 50-day simple moving average of $82.21 and a 200 day simple moving average of $82.20.

Entergy (NYSE:ETR) last issued its quarterly earnings data 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 company had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter in the previous year, the company posted $0.54 earnings per share. Analysts expect that Entergy Corporation will post 3.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ETR has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their price target on Entergy from $100.00 to $102.00 and gave the company an “overweight” rating in a research note on Tuesday. KeyCorp raised Entergy from a “sector weight” rating to an “overweight” rating and set a $85.00 price objective on the stock in a research note on Wednesday, May 14th. UBS Group raised their price objective on Entergy from $86.00 to $96.00 and gave the stock a “buy” rating in a research note on Friday, March 21st. Raymond James Financial initiated coverage on Entergy in a research note on Friday, June 13th. They set a “market perform” rating on the stock. Finally, Barclays dropped their price target on Entergy from $91.00 to $87.00 and set an “overweight” rating on the stock in a research note on Thursday, July 10th. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $86.25.

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.