Orion Portfolio Solutions LLC Purchases 6,455 Shares of Entergy Corporation (NYSE:ETR)

Orion Portfolio Solutions LLC lifted its holdings in shares of Entergy Corporation (NYSE:ETR - Free Report) by 149.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,763 shares of the utilities provider's stock after purchasing an additional 6,455 shares during the quarter. Orion Portfolio Solutions LLC's holdings in Entergy were worth $816,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Fortis Group Advisors LLC increased its holdings in Entergy by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider's stock worth $26,000 after purchasing an additional 172 shares in the last quarter. NBT Bank N A NY boosted its position in shares of Entergy by 100.0% during the fourth quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock worth $26,000 after buying an additional 170 shares during the period. Legacy Investment Solutions LLC bought a new position in shares of Entergy during the third quarter worth about $27,000. Duncker Streett & Co. Inc. raised its position in Entergy by 100.0% in the 4th quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock valued at $27,000 after buying an additional 179 shares during the last quarter. Finally, Sandy Spring Bank lifted its stake in Entergy by 100.0% in the 4th quarter. Sandy Spring Bank now owns 358 shares of the utilities provider's stock valued at $27,000 after acquiring an additional 179 shares in the last quarter. Institutional investors own 88.07% of the company's stock.

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Entergy Stock Performance

Shares of ETR traded up $1.43 during mid-day trading on Friday, reaching $81.71. The company's stock had a trading volume of 3,384,251 shares, compared to its average volume of 3,694,282. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81. Entergy Corporation has a 1-year low of $50.19 and a 1-year high of $88.38. The business has a 50-day simple moving average of $83.48 and a two-hundred day simple moving average of $77.26. The stock has a market cap of $35.20 billion, a P/E ratio of 33.55, a PEG ratio of 2.34 and a beta of 0.56.

Entergy (NYSE:ETR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.03. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter last year, the firm posted $0.26 EPS. As a group, equities research analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 2nd will be paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 2.94%. Entergy's dividend payout ratio (DPR) is currently 98.77%.

Analyst Ratings Changes

ETR has been the subject of several research reports. JPMorgan Chase & Co. raised their price target on shares of Entergy from $87.00 to $98.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 11th. LADENBURG THALM/SH SH raised shares of Entergy from a "neutral" rating to a "buy" rating and set a $86.50 target price for the company in a research report on Thursday, January 30th. UBS Group boosted their price target on shares of Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a research report on Friday, March 21st. Morgan Stanley increased their price objective on shares of Entergy from $75.00 to $78.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. Finally, Scotiabank lowered their target price on Entergy from $165.00 to $82.00 and set a "sector perform" rating on the stock in a research report on Tuesday, January 7th. Six 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 has a consensus rating of "Moderate Buy" and a consensus price target of $85.25.

Entergy Company 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.