Corient Private Wealth LLC Purchases 78,348 Shares of Entergy Corporation (NYSE:ETR)

Corient Private Wealth LLC raised its position in Entergy Corporation (NYSE:ETR) by 111.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 148,790 shares of the utilities provider’s stock after acquiring an additional 78,348 shares during the quarter. Corient Private Wealth LLC’s holdings in Entergy were worth $11,281,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Empowered Funds LLC lifted its holdings in Entergy by 40.7% in the third quarter. Empowered Funds LLC now owns 18,597 shares of the utilities provider’s stock valued at $2,448,000 after acquiring an additional 5,381 shares during the period. Strategic Financial Concepts LLC bought a new position in shares of Entergy in the fourth quarter worth about $4,393,000. Flagship Harbor Advisors LLC raised its stake in shares of Entergy by 74.3% in the fourth quarter. Flagship Harbor Advisors LLC now owns 7,959 shares of the utilities provider’s stock worth $603,000 after buying an additional 3,393 shares during the period. Thompson Siegel & Walmsley LLC bought a new position in shares of Entergy in the third quarter worth about $32,541,000. Finally, LaFleur & Godfrey LLC bought a new position in shares of Entergy in the fourth quarter worth about $217,000. Institutional investors own 88.07% of the company’s stock.

Analysts Set New Price Targets

ETR has been the topic of several recent research reports. Wells Fargo & Company raised their price objective on Entergy from $85.00 to $97.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Evercore ISI raised their price objective on 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 Entergy from $72.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. JPMorgan Chase & Co. increased their target price on Entergy from $87.00 to $98.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. Finally, StockNews.com upgraded Entergy from a “sell” rating to a “hold” rating in a research report on Sunday, December 29th. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Entergy currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.11.

Entergy Stock Performance

NYSE ETR opened at $84.75 on Thursday. The stock has a market capitalization of $36.48 billion, a PE ratio of 34.80, a P/E/G ratio of 2.34 and a beta of 0.68. The business has a 50 day simple moving average of $82.59 and a two-hundred day simple moving average of $74.73. 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 1-year low of $50.19 and a 1-year high of $88.38.

Entergy (NYSE:ETR) last released its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share 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 analysts’ expectations of $3.24 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same quarter last year, the business posted $0.26 EPS. On average, research analysts predict that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date was Monday, February 10th. Entergy’s dividend payout ratio (DPR) 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.