Schonfeld Strategic Advisors LLC Acquires 27,803 Shares of Entergy Corporation (NYSE:ETR)

Schonfeld Strategic Advisors LLC boosted its holdings in Entergy Corporation (NYSE:ETR - Free Report) by 600.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,430 shares of the utilities provider's stock after acquiring an additional 27,803 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Entergy were worth $2,459,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. 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 worth $26,000 after buying an additional 170 shares during the last quarter. Fortis Group Advisors LLC raised its holdings 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 purchasing an additional 172 shares during the period. Duncker Streett & Co. Inc. lifted its position in Entergy by 100.0% during the fourth quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 179 shares in the last quarter. Sandy Spring Bank grew its holdings in Entergy by 100.0% during the fourth quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 179 shares during the period. Finally, Riverview Trust Co increased its position in Entergy by 100.0% in the fourth quarter. Riverview Trust Co now owns 364 shares of the utilities provider's stock worth $28,000 after buying an additional 182 shares in the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Entergy Trading Down 1.0 %

Shares of NYSE:ETR traded down $0.82 during trading on Thursday, reaching $83.42. The company's stock had a trading volume of 4,275,667 shares, compared to its average volume of 3,676,971. The stock has a market capitalization of $35.94 billion, a PE ratio of 34.26, a price-to-earnings-growth 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. The firm's 50 day simple moving average is $83.21 and its two-hundred day simple moving average is $79.37. Entergy Corporation has a 12 month low of $52.07 and a 12 month high of $88.38.

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

Entergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 2nd will be issued a dividend of $0.60 per share. The ex-dividend date is Friday, May 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 2.88%. Entergy's payout ratio is 77.92%.

Analysts Set New Price Targets

Several research firms recently issued reports on ETR. Barclays increased their target price on shares of Entergy from $88.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. BMO Capital Markets increased their price objective on shares of Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Evercore ISI lifted their target price 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. Morgan Stanley reiterated an "overweight" rating on shares of Entergy in a research note on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. Five equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $85.75.

Entergy 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.