Corient Private Wealth LLC Increases Stock Holdings in Entergy Corporation (NYSE:ETR)

Corient Private Wealth LLC lifted its holdings in shares of Entergy Corporation (NYSE:ETR - Free Report) by 111.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 148,790 shares of the utilities provider's stock after acquiring an additional 78,348 shares during the period. Corient Private Wealth LLC's holdings in Entergy were worth $11,281,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. OneDigital Investment Advisors LLC grew its position in Entergy by 2.1% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,427 shares of the utilities provider's stock valued at $451,000 after buying an additional 69 shares during the last quarter. Acropolis Investment Management LLC grew its position in Entergy by 0.8% in the 3rd quarter. Acropolis Investment Management LLC now owns 8,836 shares of the utilities provider's stock valued at $1,163,000 after buying an additional 69 shares during the last quarter. Great Valley Advisor Group Inc. grew its position in Entergy by 0.9% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 8,087 shares of the utilities provider's stock valued at $1,065,000 after buying an additional 74 shares during the last quarter. Brown Brothers Harriman & Co. grew its position in Entergy by 1.3% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 7,233 shares of the utilities provider's stock valued at $952,000 after buying an additional 91 shares during the last quarter. Finally, Hall Laurie J Trustee grew its position in Entergy by 50.0% in the 4th quarter. Hall Laurie J Trustee now owns 450 shares of the utilities provider's stock valued at $34,000 after buying an additional 150 shares during the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

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Entergy Price Performance

ETR stock traded down $0.90 during midday trading on Friday, hitting $83.74. 9,132,300 shares of the stock were exchanged, compared to its average volume of 3,332,663. The stock's 50-day moving average price is $82.90 and its 200-day moving average price is $75.06. The stock has a market cap of $36.04 billion, a price-to-earnings ratio of 34.39, a PEG ratio of 2.34 and a beta of 0.68. Entergy Corporation has a fifty-two week low of $50.19 and a fifty-two week high of $88.38. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72.

Entergy (NYSE:ETR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.03. The firm 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 period in the previous year, the firm posted $0.26 earnings per share. Research analysts predict that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend was Monday, February 10th. Entergy's payout ratio is 98.77%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ETR shares. Morgan Stanley lifted their price objective on shares of Entergy from $75.00 to $78.00 and gave the company an "equal weight" rating in a research report on Thursday. JPMorgan Chase & Co. lifted 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. BMO Capital Markets boosted their target price on shares of Entergy from $79.00 to $94.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. Evercore ISI increased their price target on shares of Entergy from $75.00 to $86.00 and gave the company an "in-line" rating in a report on Wednesday, February 19th. Finally, KeyCorp cut shares of Entergy from an "overweight" rating to a "sector weight" rating in a research note on Wednesday, December 4th. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $84.75.

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.