367,137 Shares in Entergy Corporation (NYSE:ETR) Acquired by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. acquired a new position in shares of Entergy Corporation (NYSE:ETR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 367,137 shares of the utilities provider's stock, valued at approximately $27,836,000. Balyasny Asset Management L.P. owned 0.09% of Entergy as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of ETR. Fortis Group Advisors LLC grew its stake in Entergy by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider's stock worth $26,000 after acquiring an additional 172 shares in the last quarter. NBT Bank N A NY boosted its holdings in shares of Entergy by 100.0% in the fourth quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 170 shares during the period. Duncker Streett & Co. Inc. grew its stake in Entergy by 100.0% in the fourth quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock worth $27,000 after purchasing an additional 179 shares in the last quarter. Sandy Spring Bank increased its holdings in Entergy by 100.0% during the 4th quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock worth $27,000 after purchasing an additional 179 shares during the period. Finally, Riverview Trust Co raised its holdings in shares of Entergy by 100.0% in the fourth quarter. Riverview Trust Co now owns 364 shares of the utilities provider's stock valued at $28,000 after acquiring an additional 182 shares in the last quarter. Institutional investors own 88.07% of the company's stock.

Entergy Stock Performance

NYSE ETR traded down $0.45 on Friday, hitting $82.86. 2,170,829 shares of the company's stock traded hands, compared to its average volume of 3,672,934. The firm has a market capitalization of $35.69 billion, a PE ratio of 34.03, a P/E/G ratio of 2.34 and a beta of 0.62. The firm's 50-day moving average price is $83.07 and its two-hundred day moving average price is $79.58. Entergy Corporation has a 1-year low of $52.07 and a 1-year high of $88.38. 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 posted its earnings results on Tuesday, April 29th. The utilities provider reported $0.82 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.22. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The firm had revenue of $3.02 billion for the quarter, compared to analysts' expectations of $3.13 billion. During the same period last year, the firm earned $0.54 EPS. As a group, analysts expect that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 2nd will be given a dividend of $0.60 per share. The ex-dividend date is Friday, May 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.90%. Entergy's dividend payout ratio (DPR) is presently 77.92%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Entergy from $87.00 to $98.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. Morgan Stanley reissued an "overweight" rating on shares of Entergy in a research note on Wednesday, April 23rd. LADENBURG THALM/SH SH raised Entergy from a "neutral" rating to a "buy" rating and set a $86.50 target price on the stock in a research report on Thursday, January 30th. Evercore ISI boosted their price target on Entergy from $75.00 to $86.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 19th. Finally, Barclays raised their price objective on Entergy from $88.00 to $91.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Entergy currently has an average rating of "Moderate Buy" and an average target price of $85.75.

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.