Optivise Advisory Services LLC Boosts Stock Holdings in Entergy Corporation (NYSE:ETR)

Optivise Advisory Services LLC grew its position in Entergy Corporation (NYSE:ETR) by 100.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,548 shares of the utilities provider’s stock after purchasing an additional 2,274 shares during the period. Optivise Advisory Services LLC’s holdings in Entergy were worth $345,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in ETR. State of Tennessee Department of Treasury increased its stake in Entergy by 131.5% in the 4th quarter. State of Tennessee Department of Treasury now owns 153,258 shares of the utilities provider’s stock valued at $11,620,000 after buying an additional 87,062 shares during the last quarter. TD Waterhouse Canada Inc. grew its holdings in shares of Entergy by 319.1% in the fourth quarter. TD Waterhouse Canada Inc. now owns 2,020 shares of the utilities provider’s stock valued at $153,000 after acquiring an additional 1,538 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its position in shares of Entergy by 100.0% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 31,550 shares of the utilities provider’s stock valued at $2,392,000 after acquiring an additional 15,775 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in Entergy by 93.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 25,424 shares of the utilities provider’s stock worth $1,928,000 after acquiring an additional 12,284 shares during the period. Finally, MML Investors Services LLC boosted its position in Entergy by 75.9% in the fourth quarter. MML Investors Services LLC now owns 182,189 shares of the utilities provider’s stock worth $13,814,000 after purchasing an additional 78,602 shares during the last quarter. 88.07% of the stock is owned by institutional investors.

Entergy Stock Performance

Shares of ETR opened at $83.11 on Monday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72. The stock has a market capitalization of $35.80 billion, a price-to-earnings ratio of 34.13, a price-to-earnings-growth ratio of 2.34 and a beta of 0.56. Entergy Corporation has a 52-week low of $51.75 and a 52-week high of $88.38. The stock’s 50-day simple moving average is $83.54 and its 200 day simple moving average is $77.94.

Entergy (NYSE:ETR) last released its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 8.90% and a return on equity of 10.68%. During the same period last year, the business earned $0.26 earnings per share. Research analysts forecast that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 2nd will be given 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 dividend yield of 2.89%. Entergy’s dividend payout ratio (DPR) is presently 98.77%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ETR shares. Morgan Stanley raised their target price on Entergy from $75.00 to $78.00 and gave the company an “equal weight” rating in a research report on Thursday, March 20th. Evercore ISI lifted their price objective on shares of Entergy from $75.00 to $86.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 19th. 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 raised their price target on shares of Entergy from $86.00 to $96.00 and gave the stock a “buy” rating in a research note on Friday, March 21st. Finally, Barclays upped their price objective on Entergy from $79.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, April 8th. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $85.25.

About Entergy

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.