Envestnet Portfolio Solutions Inc. Increases Stock Position in Orange S.A. (NYSE:ORAN)

Envestnet Portfolio Solutions Inc. grew its position in Orange S.A. (NYSE:ORAN) by 7.0% 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 20,989 shares of the technology company’s stock after purchasing an additional 1,380 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Orange were worth $240,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Managed Asset Portfolios LLC raised its holdings in shares of Orange by 15.3% in the third quarter. Managed Asset Portfolios LLC now owns 1,852,663 shares of the technology company’s stock valued at $21,287,000 after purchasing an additional 245,958 shares during the last quarter. Brandes Investment Partners LP increased its holdings in Orange by 1.8% during the third quarter. Brandes Investment Partners LP now owns 1,022,344 shares of the technology company’s stock worth $11,747,000 after buying an additional 18,549 shares during the last quarter. American Century Companies Inc. increased its holdings in Orange by 7.7% during the third quarter. American Century Companies Inc. now owns 827,488 shares of the technology company’s stock worth $9,508,000 after buying an additional 59,052 shares during the last quarter. LPL Financial LLC increased its holdings in Orange by 7.2% during the third quarter. LPL Financial LLC now owns 378,199 shares of the technology company’s stock worth $4,346,000 after buying an additional 25,552 shares during the last quarter. Finally, Barclays PLC increased its holdings in Orange by 16.4% during the third quarter. Barclays PLC now owns 357,145 shares of the technology company’s stock worth $4,103,000 after buying an additional 50,325 shares during the last quarter.

Orange Trading Up 1.0 %

ORAN opened at $11.61 on Friday. Orange S.A. has a twelve month low of $10.97 and a twelve month high of $12.41. The firm has a 50-day moving average price of $11.43 and a 200-day moving average price of $11.65. The company has a current ratio of 0.83, a quick ratio of 0.79 and a debt-to-equity ratio of 0.88.

Orange Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, June 21st. Shareholders of record on Monday, June 3rd will be paid a dividend of $0.4523 per share. The ex-dividend date is Monday, June 3rd. This is an increase from Orange’s previous semi-annual dividend of $0.32. This represents a dividend yield of 5.1%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. assumed coverage on shares of Orange in a report on Wednesday, April 17th. They set an “overweight” rating for the company. Sanford C. Bernstein assumed coverage on shares of Orange in a report on Friday. They set an “outperform” rating for the company. Finally, StockNews.com downgraded shares of Orange from a “buy” rating to a “hold” rating in a report on Friday, April 26th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Orange has an average rating of “Moderate Buy” and an average price target of $13.08.

Orange Profile

Orange SA provides various fixed telephony and mobile telecommunications, data transmission, and other value-added services to customers, businesses, and other telecommunications operators in France and internationally. The company operates through France; Spain and Other European Countries; The Africa and Middle East; Enterprise; Orange business; Totem; International Carriers & Shared Services; and Mobile Financial Services segments.