Point72 Europe London LLP Purchases Shares of 59,920 Entergy Corporation (NYSE:ETR)

Point72 Europe London LLP acquired a new position in shares of Entergy Corporation (NYSE:ETR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 59,920 shares of the utilities provider’s stock, valued at approximately $4,543,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Fortis Group Advisors LLC increased its stake in Entergy by 100.0% during the fourth 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 during the period. NBT Bank N A NY increased its position 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 valued at $26,000 after purchasing an additional 170 shares during the period. Duncker Streett & Co. Inc. raised its stake in shares of Entergy by 100.0% in 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 lifted its position in Entergy by 100.0% in the fourth 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 boosted its stake in Entergy by 100.0% during 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. Institutional investors own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. LADENBURG THALM/SH SH raised shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price objective for the company in a report on Thursday, January 30th. Evercore ISI raised 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. Wells Fargo & Company upped their price objective on Entergy from $85.00 to $97.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. BMO Capital Markets raised 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. Finally, UBS Group upped their price target on Entergy from $86.00 to $96.00 and gave the company a “buy” rating in a research report on Friday, March 21st. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Entergy currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.04.

Entergy Stock Performance

Shares of NYSE:ETR opened at $80.53 on Thursday. 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 Corporation has a 1-year low of $52.07 and a 1-year high of $88.38. The stock has a market capitalization of $34.69 billion, a P/E ratio of 33.07, a P/E/G ratio of 2.34 and a beta of 0.62. The business has a 50-day moving average price of $82.99 and a two-hundred day moving average price of $79.84.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.22. Entergy had a net margin of 8.90% and a return on equity of 10.68%. The business had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the previous year, the firm posted $0.54 earnings per share. Equities analysts predict that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 2nd will be given a $0.60 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.98%. Entergy’s dividend payout ratio is currently 77.92%.

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.