Marks Group Wealth Management Inc Raises Stock Holdings in Entergy Corporation (NYSE:ETR)

Marks Group Wealth Management Inc lifted its holdings in Entergy Corporation (NYSE:ETR) by 99.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,737 shares of the utilities provider’s stock after purchasing an additional 8,835 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Entergy were worth $1,345,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Legacy Investment Solutions LLC purchased a new position in shares of Entergy in the 3rd quarter worth $27,000. Cetera Trust Company N.A bought a new position in shares of Entergy in the 3rd quarter valued at about $29,000. Fortitude Family Office LLC lifted its holdings in shares of Entergy by 423.8% in the 3rd quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 178 shares during the last quarter. IFS Advisors LLC purchased a new position in Entergy in the fourth quarter worth about $30,000. Finally, Ulland Investment Advisors LLC increased its stake in Entergy by 100.0% during the fourth quarter. Ulland Investment Advisors LLC now owns 400 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 200 shares during the last quarter. Institutional investors own 88.07% of the company’s stock.

Entergy Stock Up 1.1 %

Shares of NYSE ETR opened at $82.90 on Thursday. The stock has a 50 day moving average price of $77.91 and a 200 day moving average price of $70.20. The firm has a market capitalization of $35.55 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 2.53 and a beta of 0.72. Entergy Corporation has a 52-week low of $48.08 and a 52-week high of $84.26. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.59 and a current ratio of 0.89.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 10th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date of this dividend is Monday, February 10th. Entergy’s payout ratio is 58.47%.

Insider Activity

In other Entergy news, insider Deanna D. Rodriguez sold 6,088 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $73.94, for a total transaction of $450,146.72. Following the transaction, the insider now owns 3,952 shares of the company’s stock, valued at approximately $292,210.88. This trade represents a 60.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.39% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on ETR shares. Barclays lifted their target price on Entergy from $68.50 to $76.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Guggenheim lifted their price objective on shares of Entergy from $72.50 to $82.50 and gave the stock a “buy” rating in a research note on Friday, November 1st. BMO Capital Markets reduced their target price on shares of Entergy from $83.00 to $79.50 and set an “outperform” rating on the stock in a research note on Monday, November 18th. StockNews.com raised shares of Entergy from a “sell” rating to a “hold” rating in a research note on Sunday, December 29th. Finally, Morgan Stanley raised shares of Entergy from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $58.00 to $75.00 in a research report on Monday, November 4th. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Entergy presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.81.

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.