Assetmark Inc. Boosts Stake in Entergy Corporation (NYSE:ETR)

Assetmark Inc. grew its holdings in shares of Entergy Corporation (NYSE:ETR - Free Report) by 209.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 120,478 shares of the utilities provider's stock after purchasing an additional 81,583 shares during the quarter. Assetmark Inc.'s holdings in Entergy were worth $9,135,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. OneDigital Investment Advisors LLC grew its stake in Entergy by 2.1% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,427 shares of the utilities provider's stock valued at $451,000 after acquiring an additional 69 shares in the last quarter. Acropolis Investment Management LLC boosted its holdings in shares of Entergy by 0.8% during the 3rd quarter. Acropolis Investment Management LLC now owns 8,836 shares of the utilities provider's stock worth $1,163,000 after purchasing an additional 69 shares during the last quarter. Great Valley Advisor Group Inc. grew its position in shares of Entergy by 0.9% in the third quarter. Great Valley Advisor Group Inc. now owns 8,087 shares of the utilities provider's stock valued at $1,065,000 after purchasing an additional 74 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of Entergy by 1.3% in the third quarter. Brown Brothers Harriman & Co. now owns 7,233 shares of the utilities provider's stock valued at $952,000 after purchasing an additional 91 shares during the last quarter. Finally, Aptus Capital Advisors LLC increased its holdings in shares of Entergy by 3.2% in the third quarter. Aptus Capital Advisors LLC now owns 3,727 shares of the utilities provider's stock valued at $491,000 after purchasing an additional 116 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company's stock.

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Insiders Place Their Bets

In other news, insider Deanna D. Rodriguez sold 6,088 shares of the firm'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 sale, the insider now directly owns 3,952 shares in the company, valued at approximately $292,210.88. This trade represents a 60.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.39% of the stock is owned by company insiders.

Entergy Trading Up 2.3 %

NYSE:ETR traded up $1.85 on Tuesday, reaching $82.31. 5,473,824 shares of the company's stock were exchanged, compared to its average volume of 3,248,862. The firm has a market capitalization of $35.43 billion, a price-to-earnings ratio of 33.80, a price-to-earnings-growth ratio of 2.34 and a beta of 0.68. Entergy Corporation has a 52-week low of $50.19 and a 52-week high of $88.38. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81. The business has a fifty day moving average of $81.49 and a 200-day moving average of $73.65.

Entergy (NYSE:ETR - Get Free Report) last announced its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.03. Entergy had a net margin of 8.90% and a return on equity of 10.68%. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $3.24 billion. During the same period in the prior year, the firm earned $0.26 EPS. As a group, analysts expect that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were paid a dividend of $0.60 per share. The ex-dividend date was Monday, February 10th. This represents a $2.40 annualized dividend and a yield of 2.92%. Entergy's payout ratio is 98.77%.

Wall Street Analysts Forecast Growth

ETR has been the subject of several analyst reports. KeyCorp cut Entergy from an "overweight" rating to a "sector weight" rating in a report on Wednesday, December 4th. Wells Fargo & Company upped their price objective on shares of Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. UBS Group lifted their target price on shares of Entergy from $72.00 to $90.00 and gave the stock a "buy" rating in a research note on Tuesday, December 3rd. Scotiabank dropped their price target on shares of Entergy from $165.00 to $82.00 and set a "sector perform" rating for the company in a research note on Tuesday, January 7th. Finally, BMO Capital Markets lifted their price target on shares of Entergy from $79.00 to $94.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Entergy has a consensus rating of "Moderate Buy" and a consensus price target of $84.11.

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.