Entergy Corporation (NYSE:ETR) Shares Purchased by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lifted its holdings in Entergy Corporation (NYSE:ETR) by 60.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,325 shares of the utilities provider’s stock after acquiring an additional 17,794 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Entergy were worth $3,588,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ETR. Tidemark LLC increased its holdings in Entergy by 100.0% in the 4th quarter. Tidemark LLC now owns 500 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 250 shares in the last quarter. Natixis Advisors LLC boosted its position in shares of Entergy by 117.1% in the fourth quarter. Natixis Advisors LLC now owns 499,195 shares of the utilities provider’s stock worth $37,849,000 after buying an additional 269,256 shares during the period. Brandes Investment Partners LP grew its stake in shares of Entergy by 47.0% in the fourth quarter. Brandes Investment Partners LP now owns 458,764 shares of the utilities provider’s stock valued at $34,783,000 after buying an additional 146,724 shares in the last quarter. Sienna Gestion raised its holdings in shares of Entergy by 2,125.5% during the 4th quarter. Sienna Gestion now owns 117,682 shares of the utilities provider’s stock valued at $8,921,000 after buying an additional 112,394 shares during the period. Finally, Intact Investment Management Inc. acquired a new position in Entergy during the 4th quarter worth approximately $99,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

ETR has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price objective on shares of Entergy from $85.00 to $97.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Evercore ISI lifted 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. JPMorgan Chase & Co. upped their price objective on shares of Entergy from $87.00 to $98.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. UBS Group raised their target price on Entergy from $72.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Finally, KeyCorp cut Entergy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $84.11.

Entergy Stock Performance

Entergy stock opened at $84.75 on Thursday. 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 Corporation has a 12 month low of $50.19 and a 12 month high of $88.38. The company has a fifty day moving average price of $82.59 and a two-hundred day moving average price of $74.73. The company has a market cap of $36.48 billion, a PE ratio of 34.80, a P/E/G ratio of 2.34 and a beta of 0.68.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, beating the consensus estimate of $0.63 by $0.03. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $3.24 billion. Entergy had a net margin of 8.90% and a return on equity of 10.68%. During the same period in the previous year, the business posted $0.26 EPS. Research analysts expect 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 was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend was Monday, February 10th. Entergy’s payout ratio is 98.77%.

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.