Kayne Anderson Capital Advisors LP Invests $44.15 Million in Entergy Corporation $ETR

Kayne Anderson Capital Advisors LP purchased a new stake in Entergy Corporation (NYSE:ETR) in the second quarter, Holdings Channel.com reports. The fund purchased 384,367 shares of the utilities provider’s stock, valued at approximately $44,148,000. Entergy accounts for approximately 0.9% of Kayne Anderson Capital Advisors LP’s portfolio, making the stock its 23rd biggest position.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ETR. Bell Investment Advisors Inc purchased a new stake in Entergy during the second quarter worth about $28,000. Dynamic Wealth Strategies LLC purchased a new position in Entergy in the first quarter valued at about $30,000. Fairway Wealth LLC purchased a new position in Entergy in the first quarter valued at about $30,000. United Community Bank lifted its position in shares of Entergy by 806.7% during the 4th quarter. United Community Bank now owns 272 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 242 shares during the period. Finally, Washington Trust Advisors Inc. lifted its position in shares of Entergy by 119.4% during the 4th quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 154 shares during the period. Institutional investors and hedge funds own 88.07% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on ETR shares. Scotiabank reissued a “sector outperform” rating on shares of Entergy in a research note on Wednesday, June 10th. Wells Fargo & Company lifted their price objective on Entergy from $123.00 to $128.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. JPMorgan Chase & Co. boosted their target price on Entergy from $129.00 to $139.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. UBS Group reissued a “buy” rating and issued a $135.00 target price (up from $131.00) on shares of Entergy in a report on Thursday, April 30th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Entergy in a research report on Wednesday, June 10th. Seventeen analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Entergy has an average rating of “Moderate Buy” and a consensus price target of $121.05.

Entergy Price Performance

Shares of NYSE:ETR opened at $107.47 on Friday. The company has a market cap of $50.15 billion, a P/E ratio of 27.56, a P/E/G ratio of 1.84 and a beta of 0.50. The business has a fifty day simple moving average of $111.68 and a 200-day simple moving average of $109.60. Entergy Corporation has a 52 week low of $86.40 and a 52 week high of $118.44. The company has a quick ratio of 0.70, a current ratio of 0.91 and a debt-to-equity ratio of 1.73.

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

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th will be issued a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Thursday, August 13th. Entergy’s dividend payout ratio is presently 65.64%.

Insider Activity at Entergy

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

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.