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

Envestnet Portfolio Solutions Inc. boosted its position in Entergy Corporation (NYSE:ETR - Free Report) by 60.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,325 shares of the utilities provider's stock after acquiring an additional 17,794 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Entergy were worth $3,588,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC lifted its stake in shares of Entergy by 40.7% during the third quarter. Empowered Funds LLC now owns 18,597 shares of the utilities provider's stock worth $2,448,000 after purchasing an additional 5,381 shares in the last quarter. Strategic Financial Concepts LLC acquired a new position in shares of Entergy during the fourth quarter worth about $4,393,000. Flagship Harbor Advisors LLC lifted its stake in shares of Entergy by 74.3% during the fourth quarter. Flagship Harbor Advisors LLC now owns 7,959 shares of the utilities provider's stock worth $603,000 after purchasing an additional 3,393 shares in the last quarter. Thompson Siegel & Walmsley LLC acquired a new position in shares of Entergy during the third quarter worth about $32,541,000. Finally, LaFleur & Godfrey LLC acquired a new position in shares of Entergy during the fourth quarter worth about $217,000. Institutional investors and hedge funds own 88.07% of the company's stock.

Analyst Ratings Changes

ETR has been the topic of a number of analyst reports. BMO Capital Markets lifted their target price on Entergy from $79.00 to $94.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. LADENBURG THALM/SH SH raised Entergy from a "neutral" rating to a "buy" rating and set a $86.50 target price on the stock in a research report on Thursday, January 30th. Wells Fargo & Company lifted their target price on Entergy from $85.00 to $97.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. UBS Group lifted their target price on Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a research report on Friday. Finally, Morgan Stanley lifted their target price on Entergy from $75.00 to $78.00 and gave the stock an "equal weight" rating in a research report on Thursday. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Entergy presently has a consensus rating of "Moderate Buy" and a consensus target price of $84.75.

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Entergy Stock Performance

Shares of NYSE:ETR traded down $0.90 during trading on Friday, hitting $83.74. 9,132,300 shares of the company traded hands, compared to its average volume of 3,332,663. The stock has a market capitalization of $36.04 billion, a price-to-earnings ratio of 34.39, a PEG ratio of 2.34 and a beta of 0.68. The business's fifty day moving average is $82.90 and its 200-day moving average is $75.06. Entergy Corporation has a one year low of $50.19 and a one year 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 - Get Free Report) last posted its 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 company had revenue of $2.74 billion during the quarter, compared to analyst estimates 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 prior year, the company earned $0.26 earnings per share. As a group, equities analysts predict that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

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 dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend was Monday, February 10th. Entergy's dividend payout ratio (DPR) is presently 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.