Corient Private Wealth LLC Raises Stake in Entergy Corporation (NYSE:ETR)

Corient Private Wealth LLC raised its stake in Entergy Corporation (NYSE:ETR) by 111.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 148,790 shares of the utilities provider’s stock after purchasing 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 hedge funds and other institutional investors have also recently bought and sold shares of the company. Fortis Group Advisors LLC lifted its position in Entergy by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 172 shares during the last quarter. NBT Bank N A NY lifted its position in Entergy by 100.0% in 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 last quarter. Legacy Investment Solutions LLC bought a new stake in Entergy in the third quarter valued at approximately $27,000. Duncker Streett & Co. Inc. lifted its position in 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 during the last quarter. Finally, Riverview Trust Co lifted its position in Entergy by 100.0% in the fourth quarter. Riverview Trust Co now owns 364 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 182 shares during the last quarter. Institutional investors own 88.07% of the company’s stock.

Entergy Price Performance

Shares of ETR stock opened at $84.75 on Thursday. The stock has a market cap of $36.48 billion, a price-to-earnings ratio of 34.80, a PEG ratio of 2.34 and a beta of 0.68. The business’s fifty day moving average is $82.59 and its 200 day moving average is $74.73. Entergy Corporation has a twelve month low of $50.19 and a twelve month high of $88.38. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81.

Entergy (NYSE:ETR) last released its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The firm had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $3.24 billion. During the same period in the prior year, the firm posted $0.26 earnings per share. Research analysts expect that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date was Monday, February 10th. Entergy’s dividend payout ratio is 98.77%.

Analyst Ratings Changes

Several analysts have weighed in on the company. BMO Capital Markets boosted their price objective on Entergy from $79.00 to $94.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Evercore ISI upped their target price on Entergy from $75.00 to $86.00 and gave the company an “in-line” rating in a report on Wednesday, February 19th. StockNews.com upgraded Entergy from a “sell” rating to a “hold” rating in a report on Sunday, December 29th. LADENBURG THALM/SH SH upgraded Entergy from a “neutral” rating to a “buy” rating and set a $86.50 target price for the company in a report on Thursday, January 30th. Finally, KeyCorp downgraded Entergy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Entergy presently has an average rating of “Moderate Buy” and an average target price of $84.11.

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.