143,398 Shares in Entergy Corporation (NYSE:ETR) Acquired by Caxton Associates LP

Caxton Associates LP purchased a new position in Entergy Corporation (NYSE:ETR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 143,398 shares of the utilities provider's stock, valued at approximately $10,872,000.

Other institutional investors have also recently added to or reduced their stakes in the company. BW Gestao de Investimentos Ltda. acquired a new position in shares of Entergy during the fourth quarter valued at $2,301,000. Baird Financial Group Inc. grew its position in Entergy by 110.9% in the 4th quarter. Baird Financial Group Inc. now owns 64,165 shares of the utilities provider's stock worth $4,865,000 after purchasing an additional 33,745 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Entergy in the fourth quarter valued at approximately $27,836,000. Beck Bode LLC increased its stake in shares of Entergy by 106.5% in the fourth quarter. Beck Bode LLC now owns 241,365 shares of the utilities provider's stock valued at $18,300,000 after purchasing an additional 124,458 shares during the period. Finally, Beverly Hills Private Wealth LLC boosted its position in shares of Entergy by 179.3% during the fourth quarter. Beverly Hills Private Wealth LLC now owns 5,580 shares of the utilities provider's stock worth $423,000 after buying an additional 3,582 shares during the period. 88.07% of the stock is currently owned by institutional investors.

Entergy Stock Down 0.5 %

Entergy stock traded down $0.45 during trading hours on Friday, hitting $82.86. The company had a trading volume of 2,170,829 shares, compared to its average volume of 4,188,604. The firm's fifty day moving average is $83.12 and its 200-day moving average is $79.48. The firm has a market capitalization of $35.69 billion, a P/E ratio of 34.03, a price-to-earnings-growth ratio of 2.34 and a beta of 0.62. Entergy Corporation has a fifty-two week low of $52.06 and a fifty-two week high of $88.38. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59.

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

Entergy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend 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 77.92%.

Wall Street Analysts Forecast Growth

ETR has been the subject of a number of research analyst reports. Evercore ISI upped their price target on shares of Entergy from $75.00 to $86.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 19th. UBS Group increased their target price on shares of Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a research note on Friday, March 21st. Wells Fargo & Company upped their price target on Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. Morgan Stanley reissued an "overweight" rating on shares of Entergy in a research note on Wednesday, April 23rd. Finally, BMO Capital Markets boosted their target price on Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Five research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Entergy currently has an average rating of "Moderate Buy" and a consensus 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.