Kayne Anderson Capital Advisors LP Acquires 29,171 Shares of Entergy Corporation $ETR

Kayne Anderson Capital Advisors LP raised its holdings in Entergy Corporation (NYSE:ETR) by 4.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 622,876 shares of the utilities provider’s stock after acquiring an additional 29,171 shares during the quarter. Entergy comprises approximately 1.3% of Kayne Anderson Capital Advisors LP’s holdings, making the stock its 18th largest position. Kayne Anderson Capital Advisors LP owned about 0.14% of Entergy worth $58,046,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Capital A Wealth Management LLC raised its holdings in shares of Entergy by 5,466.7% during the 2nd quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 328 shares in the last quarter. GoalVest Advisory LLC raised its holdings in Entergy by 5,733.3% during the second quarter. GoalVest Advisory LLC now owns 350 shares of the utilities provider’s stock valued at $29,000 after buying an additional 344 shares in the last quarter. Atlantic Union Bankshares Corp bought a new position in Entergy during the second quarter valued at about $30,000. Physician Wealth Advisors Inc. lifted its position in shares of Entergy by 56.9% in the third quarter. Physician Wealth Advisors Inc. now owns 317 shares of the utilities provider’s stock worth $30,000 after buying an additional 115 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its stake in shares of Entergy by 150.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 323 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 194 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Trading Up 0.3%

Shares of Entergy stock opened at $105.15 on Wednesday. Entergy Corporation has a 1 year low of $75.57 and a 1 year high of $106.71. The company’s fifty day simple moving average is $96.25 and its 200-day simple moving average is $94.10. The company has a market cap of $47.63 billion, a price-to-earnings ratio of 26.89, a PEG ratio of 2.07 and a beta of 0.65. The company has a current ratio of 0.74, a quick ratio of 0.51 and a debt-to-equity ratio of 1.65.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Thursday, February 12th. The utilities provider reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). The company had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.99 billion. Entergy had a net margin of 13.66% and a return on equity of 10.89%. During the same period last year, the company earned $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, sell-side analysts expect that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Monday, February 9th will be given a dividend of $0.64 per share. The ex-dividend date of this dividend is Monday, February 9th. This represents a $2.56 dividend on an annualized basis and a yield of 2.4%. Entergy’s dividend payout ratio (DPR) is 65.47%.

Wall Street Analyst Weigh In

ETR has been the topic of a number of recent analyst reports. KeyCorp set a $102.00 price objective on Entergy and gave the company an “overweight” rating in a research note on Friday, December 12th. Evercore lifted their price target on shares of Entergy from $98.00 to $101.00 and gave the company an “in-line” rating in a research report on Thursday, October 30th. BMO Capital Markets upped their price objective on shares of Entergy from $104.00 to $112.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Siebert Williams Shank started coverage on shares of Entergy in a research note on Tuesday, January 20th. They issued a “buy” rating and a $109.00 target price on the stock. Finally, JPMorgan Chase & Co. cut their target price on shares of Entergy from $113.00 to $108.00 and set an “overweight” rating for the company in a research report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Entergy has an average rating of “Moderate Buy” and an average price target of $106.11.

Insider Transactions at Entergy

In other Entergy news, EVP John C. Dinelli sold 5,372 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $103.95, for a total value of $558,419.40. Following the completion of the transaction, the executive vice president owned 23,609 shares of the company’s stock, valued at $2,454,155.55. This represents a 18.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.47% of the stock is owned by corporate insiders.

Entergy Profile

Entergy Corporation (NYSE:ETR) is an integrated energy company headquartered in New Orleans, Louisiana, that generates, transmits and distributes electricity. The company’s operations combine regulated utility services with competitive power production, supplying retail electricity to residential, commercial and industrial customers while also participating in wholesale energy markets. Entergy’s generation fleet includes nuclear, natural gas, hydropower and other resources, and it operates a network of transmission and distribution assets to deliver power to end users.

Entergy conducts its regulated utility business through state-based operating subsidiaries that serve customers across parts of Arkansas, Louisiana, Mississippi and southeast Texas.