Kayne Anderson Capital Advisors LP Has $68.25 Million Stake in Entergy Corporation (NYSE:ETR)

Kayne Anderson Capital Advisors LP grew its holdings in shares of Entergy Corporation (NYSE:ETR - Free Report) by 237.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 900,099 shares of the utilities provider's stock after acquiring an additional 633,369 shares during the period. Entergy accounts for approximately 1.6% of Kayne Anderson Capital Advisors LP's investment portfolio, making the stock its 16th biggest holding. Kayne Anderson Capital Advisors LP owned approximately 0.21% of Entergy worth $68,246,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. OneDigital Investment Advisors LLC increased its holdings in Entergy by 2.1% in the third quarter. OneDigital Investment Advisors LLC now owns 3,427 shares of the utilities provider's stock worth $451,000 after purchasing an additional 69 shares in the last quarter. Acropolis Investment Management LLC lifted its position in shares of Entergy by 0.8% during the 3rd quarter. Acropolis Investment Management LLC now owns 8,836 shares of the utilities provider's stock valued at $1,163,000 after acquiring an additional 69 shares during the period. Great Valley Advisor Group Inc. boosted its stake in Entergy by 0.9% during the third quarter. Great Valley Advisor Group Inc. now owns 8,087 shares of the utilities provider's stock worth $1,065,000 after acquiring an additional 74 shares in the last quarter. Brown Brothers Harriman & Co. boosted its stake in Entergy by 1.3% during the third quarter. Brown Brothers Harriman & Co. now owns 7,233 shares of the utilities provider's stock worth $952,000 after acquiring an additional 91 shares in the last quarter. Finally, Aptus Capital Advisors LLC grew its holdings in Entergy by 3.2% in the third quarter. Aptus Capital Advisors LLC now owns 3,727 shares of the utilities provider's stock worth $491,000 after purchasing an additional 116 shares during the period. 88.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ETR has been the topic of a number of research analyst reports. LADENBURG THALM/SH SH raised shares of Entergy from a "neutral" rating to a "buy" rating and set a $86.50 price objective on the stock in a research report on Thursday, January 30th. KeyCorp cut Entergy from an "overweight" rating to a "sector weight" rating in a report on Wednesday, December 4th. StockNews.com upgraded shares of Entergy from a "sell" rating to a "hold" rating in a research note on Sunday, December 29th. Evercore ISI lifted their price objective on shares of Entergy from $75.00 to $86.00 and gave the company an "in-line" rating in a report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Entergy from $87.00 to $98.00 and gave the stock an "overweight" rating in a research report on Tuesday. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $84.11.

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Entergy Trading Up 2.3 %

Shares of Entergy stock opened at $82.31 on Wednesday. The firm has a market cap of $35.43 billion, a PE ratio of 33.80, a P/E/G ratio of 2.34 and a beta of 0.68. Entergy Corporation has a 1 year low of $50.19 and a 1 year high of $88.38. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59. The stock has a fifty day moving average price of $81.62 and a 200-day moving average price of $73.81.

Entergy (NYSE:ETR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.63 by $0.03. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $3.24 billion. Entergy had a net margin of 8.90% and a return on equity of 10.68%. During the same quarter last year, the company posted $0.26 earnings per share. Equities research analysts anticipate that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were paid a $0.60 dividend. The ex-dividend date was Monday, February 10th. This represents a $2.40 annualized dividend and a dividend yield of 2.92%. Entergy's payout ratio is presently 98.77%.

Insider Activity

In related news, insider Deanna D. Rodriguez sold 6,088 shares of the business's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $73.94, for a total value of $450,146.72. Following the sale, the insider now directly owns 3,952 shares in the company, valued at approximately $292,210.88. The trade was a 60.64 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.39% of the company's stock.

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.

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