Kayne Anderson Capital Advisors LP Acquires Shares of 384,367 Entergy Corporation $ETR

Kayne Anderson Capital Advisors LP acquired a new stake in Entergy Corporation (NYSE:ETR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 384,367 shares of the utilities provider’s stock, valued at approximately $44,148,000. Entergy makes up 0.9% of Kayne Anderson Capital Advisors LP’s investment portfolio, making the stock its 23rd biggest position. Kayne Anderson Capital Advisors LP owned approximately 0.08% of Entergy at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ETR. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Entergy by 4.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 928,984 shares of the utilities provider’s stock worth $87,194,000 after purchasing an additional 38,742 shares during the last quarter. Illinois Municipal Retirement Fund increased its stake in Entergy by 18.3% in the first quarter. Illinois Municipal Retirement Fund now owns 180,358 shares of the utilities provider’s stock valued at $20,265,000 after purchasing an additional 27,868 shares during the last quarter. World Investment Advisors increased its stake in Entergy by 170.6% in the fourth quarter. World Investment Advisors now owns 60,579 shares of the utilities provider’s stock valued at $5,303,000 after purchasing an additional 38,195 shares during the last quarter. Truist Financial Corp raised its holdings in Entergy by 9.0% during the fourth quarter. Truist Financial Corp now owns 2,439,479 shares of the utilities provider’s stock worth $225,481,000 after purchasing an additional 200,783 shares in the last quarter. Finally, WealthShield Partners LLC acquired a new stake in Entergy during the fourth quarter worth approximately $1,057,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Entergy Stock Down 0.5%

ETR opened at $107.47 on Friday. Entergy Corporation has a 52 week low of $86.40 and a 52 week high of $118.44. The business has a 50 day moving average price of $111.68 and a two-hundred day moving average price of $109.60. The company has a quick ratio of 0.70, a current ratio of 0.91 and a debt-to-equity ratio of 1.73. The company has a market cap of $50.15 billion, a PE ratio of 27.56, a P/E/G ratio of 1.84 and a beta of 0.50.

Entergy (NYSE:ETR) last announced its earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.02. The company had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.49 billion. Entergy had a return on equity of 10.53% and a net margin of 13.40%.During the same period last year, the business posted $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, research analysts anticipate that Entergy Corporation will post 4.4 EPS for the current year.

Entergy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Thursday, August 13th will be given a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Thursday, August 13th. Entergy’s dividend payout ratio (DPR) is 65.64%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Scotiabank restated a “sector outperform” rating on shares of Entergy in a report on Wednesday, June 10th. Wall Street Zen lowered shares of Entergy from a “hold” rating to a “sell” rating in a research note on Sunday, August 9th. Wells Fargo & Company boosted their price target on shares of Entergy from $123.00 to $128.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Citigroup restated a “neutral” rating and issued a $121.00 price objective (up from $116.00) on shares of Entergy in a research note on Tuesday, May 5th. Finally, UBS Group reaffirmed a “buy” rating and set a $135.00 price objective (up from $131.00) on shares of Entergy in a report on Thursday, April 30th. Seventeen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Entergy presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.05.

Insider Buying and Selling at Entergy

In other news, insider Haley Fisackerly sold 10,638 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total value of $1,170,180.00. Following the completion of the sale, the insider owned 14,182 shares in the company, valued at approximately $1,560,020. This trade represents a 42.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp bought 1,000 shares of the stock in a transaction dated Thursday, August 6th. The stock was purchased at an average cost of $106.08 per share, for a total transaction of $106,080.00. Following the acquisition, the director owned 3,423 shares of the company’s stock, valued at approximately $363,111.84. This represents a 41.27% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 0.21% of the company’s stock.

About Entergy

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.