Entergy Co. (NYSE:ETR) Shares Purchased by Assetmark Inc.

Assetmark Inc. lifted its holdings in shares of Entergy Co. (NYSE:ETR - Free Report) by 20.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 38,895 shares of the utilities provider's stock after acquiring an additional 6,505 shares during the quarter. Assetmark Inc.'s holdings in Entergy were worth $5,119,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fortitude Family Office LLC raised its holdings in 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 in the last quarter. Cetera Trust Company N.A acquired a new position in Entergy in the 3rd quarter valued at $29,000. Iron Horse Wealth Management LLC acquired a new position in Entergy in the 2nd quarter valued at $25,000. Heritage Wealth Advisors raised its holdings in Entergy by 2,172.7% in the 1st quarter. Heritage Wealth Advisors now owns 250 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 239 shares in the last quarter. Finally, American National Bank raised its holdings in Entergy by 93.7% in the 2nd quarter. American National Bank now owns 277 shares of the utilities provider's stock valued at $30,000 after acquiring an additional 134 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ETR shares. Royal Bank of Canada upped their target price on Entergy from $137.00 to $140.00 and gave the stock an "outperform" rating in a report on Monday, October 14th. Mizuho upped their target price on Entergy from $138.00 to $165.00 and gave the stock an "outperform" rating in a report on Monday, November 4th. Bank of America cut Entergy from a "buy" rating to a "neutral" rating and upped their target price for the stock from $138.00 to $154.00 in a report on Monday, November 4th. Barclays increased their price target on Entergy from $137.00 to $152.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. Finally, KeyCorp increased their price target on Entergy from $143.00 to $162.00 and gave the company an "overweight" rating in a research note on Friday, November 1st. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $150.96.

Insider Activity

In other news, COO Peter S. Norgeot, Jr. sold 3,250 shares of Entergy stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $122.56, for a total transaction of $398,320.00. Following the completion of the sale, the chief operating officer now owns 34,993 shares of the company's stock, valued at approximately $4,288,742.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Entergy news, COO Peter S. Norgeot, Jr. sold 3,250 shares of Entergy stock in a transaction on Monday, September 9th. The shares were sold at an average price of $122.56, for a total value of $398,320.00. Following the transaction, the chief operating officer now directly owns 34,993 shares of the company's stock, valued at approximately $4,288,742.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Eliecer Viamontes sold 200 shares of Entergy stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $147.00, for a total transaction of $29,400.00. Following the completion of the transaction, the insider now directly owns 4,173 shares in the company, valued at $613,431. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,338 shares of company stock valued at $4,460,238. Corporate insiders own 0.39% of the company's stock.

Entergy Stock Performance

Shares of NYSE:ETR traded down $1.13 during midday trading on Tuesday, hitting $149.22. The company had a trading volume of 1,539,123 shares, compared to its average volume of 1,611,244. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.89 and a quick ratio of 0.59. The company has a market cap of $31.99 billion, a price-to-earnings ratio of 18.31, a PEG ratio of 2.49 and a beta of 0.71. Entergy Co. has a 12-month low of $94.85 and a 12-month high of $156.85. The company has a fifty day moving average of $132.94 and a two-hundred day moving average of $119.02.

Entergy (NYSE:ETR - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The utilities provider reported $2.99 earnings per share for the quarter, beating analysts' consensus estimates of $2.91 by $0.08. Entergy had a return on equity of 9.53% and a net margin of 14.83%. The firm had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.46 billion. During the same quarter last year, the business posted $3.27 earnings per share. On average, equities research analysts expect that Entergy Co. will post 7.21 EPS for the current fiscal year.

Entergy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 13th will be paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 3.22%. The ex-dividend date is Wednesday, November 13th. This is an increase from Entergy's previous quarterly dividend of $1.13. Entergy's payout ratio is currently 55.05%.

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.