67,176 Shares in Entergy Corporation (NYSE:ETR) Bought by Alyeska Investment Group L.P.

Alyeska Investment Group L.P. bought a new stake in Entergy Corporation (NYSE:ETR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 67,176 shares of the utilities provider's stock, valued at approximately $5,093,000.

Several other large investors also recently modified their holdings of the business. Hall Laurie J Trustee increased its stake in Entergy by 50.0% during the 4th quarter. Hall Laurie J Trustee now owns 450 shares of the utilities provider's stock worth $34,000 after purchasing an additional 150 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Entergy by 0.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 29,336 shares of the utilities provider's stock worth $2,224,000 after acquiring an additional 162 shares in the last quarter. NBT Bank N A NY raised its holdings in shares of Entergy by 100.0% during the fourth quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock worth $26,000 after acquiring an additional 170 shares during the period. Fortis Group Advisors LLC lifted its position in Entergy by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 172 shares in the last quarter. Finally, Legacy Investment Solutions LLC boosted its stake in Entergy by 85.1% in the 4th quarter. Legacy Investment Solutions LLC now owns 374 shares of the utilities provider's stock worth $31,000 after purchasing an additional 172 shares during the period. 88.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on ETR. Barclays boosted their target price on Entergy from $88.00 to $91.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. BMO Capital Markets increased their target price on shares of Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Evercore ISI lifted their price target on shares of Entergy from $75.00 to $86.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. Wells Fargo & Company increased their price objective on shares of Entergy from $85.00 to $97.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. Finally, Scotiabank lowered their target price on Entergy from $165.00 to $82.00 and set a "sector perform" rating on the stock in a research report on Tuesday, January 7th. Five investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $85.75.

Entergy Stock Down 0.1 %

ETR stock opened at $84.42 on Tuesday. The business's 50 day simple moving average is $83.29 and its 200 day simple moving average is $79.30. Entergy Corporation has a 1-year low of $52.07 and a 1-year high of $88.38. The firm has a market capitalization of $36.36 billion, a PE ratio of 34.67, a PEG ratio of 2.34 and a beta of 0.62. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81.

Entergy (NYSE:ETR - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.22. The company had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.13 billion. Entergy had a net margin of 8.90% and a return on equity of 10.68%. During the same period in the prior year, the firm earned $0.54 earnings per share. As a group, research analysts anticipate that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date is Friday, May 2nd. Entergy's dividend payout ratio is presently 77.92%.

Entergy Company Profile

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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