Global Retirement Partners LLC Buys 8,345 Shares of Entergy Corporation (NYSE:ETR)

Global Retirement Partners LLC increased its stake in shares of Entergy Corporation (NYSE:ETR) by 109.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 15,974 shares of the utilities provider’s stock after buying an additional 8,345 shares during the period. Global Retirement Partners LLC’s holdings in Entergy were worth $1,211,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new stake in shares of Entergy during the third quarter worth $27,000. Fortitude Family Office LLC raised its stake in Entergy by 423.8% in the 3rd 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. Coastline Trust Co bought a new stake in Entergy in the 3rd quarter valued at about $31,000. Ashton Thomas Securities LLC acquired a new position in shares of Entergy during the 3rd quarter worth approximately $42,000. Finally, Fortis Group Advisors LLC increased its holdings in shares of Entergy by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 172 shares during the period. Institutional investors and hedge funds own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

ETR has been the subject of several recent research reports. Scotiabank cut their price target on Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 7th. UBS Group increased their target price on Entergy from $72.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. StockNews.com raised Entergy from a “sell” rating to a “hold” rating in a research note on Sunday, December 29th. Mizuho upped their price objective on shares of Entergy from $69.00 to $82.50 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Finally, BMO Capital Markets boosted their target price on shares of Entergy from $79.00 to $94.00 and gave the company an “outperform” rating in a research report on Wednesday. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.14.

Entergy Stock Performance

Shares of Entergy stock opened at $84.94 on Friday. The company’s 50 day moving average price is $79.24 and its two-hundred day moving average price is $71.30. The firm has a market capitalization of $36.56 billion, a P/E ratio of 34.88, a P/E/G ratio of 2.66 and a beta of 0.72. Entergy Corporation has a fifty-two week low of $49.80 and a fifty-two week high of $88.38. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59.

Entergy (NYSE:ETR) last released its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share 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 company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter last year, the business posted $0.26 EPS. On average, equities analysts forecast that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 10th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.83%. The ex-dividend date of this dividend is Monday, February 10th. Entergy’s dividend payout ratio is currently 98.56%.

Insider Activity at Entergy

In related news, insider Deanna D. Rodriguez sold 6,088 shares of the stock in a transaction on Friday, December 13th. The stock was 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 directly owns 3,952 shares in the company, valued at $292,210.88. This represents a 60.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.39% of the stock is owned by company insiders.

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.