Entergy Corporation (NYSE:ETR) Shares Acquired by LMG Wealth Partners LLC

LMG Wealth Partners LLC increased its holdings in Entergy Corporation (NYSE:ETR) by 100.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,710 shares of the utilities provider’s stock after purchasing an additional 8,855 shares during the quarter. LMG Wealth Partners LLC’s holdings in Entergy were worth $1,343,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fortis Group Advisors LLC grew its holdings in Entergy by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 172 shares during the last quarter. Legacy Investment Solutions LLC acquired a new position in shares of Entergy in the third quarter valued at $27,000. Fortitude Family Office LLC raised its position in Entergy by 423.8% in the third quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 178 shares in the last quarter. IFS Advisors LLC acquired a new stake in Entergy in the 4th quarter valued at $30,000. Finally, Ulland Investment Advisors LLC boosted its stake in shares of Entergy by 100.0% in the 4th quarter. Ulland Investment Advisors LLC now owns 400 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Stock Down 0.1 %

ETR stock opened at $87.31 on Thursday. The stock has a 50-day simple moving average of $78.74 and a two-hundred day simple moving average of $71.08. The company has a quick ratio of 0.59, a current ratio of 0.89 and a debt-to-equity ratio of 1.77. The firm has a market capitalization of $37.44 billion, a PE ratio of 21.27, a PEG ratio of 2.52 and a beta of 0.72. Entergy Corporation has a twelve month low of $49.80 and a twelve month high of $88.38.

Entergy (NYSE:ETR) last released its quarterly earnings results 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 firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $3.24 billion. Entergy had a net margin of 14.83% and a return on equity of 9.53%. During the same period in the previous year, the business earned $0.26 EPS. On average, equities analysts predict that Entergy Corporation will post 3.63 EPS for the current fiscal year.

Entergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 10th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend is Monday, February 10th. Entergy’s payout ratio is 58.47%.

Insider Buying and Selling

In other news, insider Deanna D. Rodriguez sold 6,088 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $73.94, for a total value of $450,146.72. Following the completion of the sale, the insider now owns 3,952 shares of the company’s stock, valued at approximately $292,210.88. This represents a 60.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.54% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ETR has been the topic of a number of research analyst reports. Mizuho increased their price objective on shares of Entergy from $69.00 to $82.50 and gave the stock an “outperform” rating in a report on Monday, November 4th. Guggenheim lifted their price target on shares of Entergy from $72.50 to $82.50 and gave the company a “buy” rating in a research note on Friday, November 1st. StockNews.com upgraded shares of Entergy from a “sell” rating to a “hold” rating in a report on Sunday, December 29th. UBS Group upped their price objective on Entergy from $72.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Finally, BMO Capital Markets lifted their price target on Entergy from $79.00 to $94.00 and gave the stock an “outperform” rating in a report on Wednesday. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $82.14.

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.