LMG Wealth Partners LLC Buys 8,855 Shares of Entergy Corporation (NYSE:ETR)

LMG Wealth Partners LLC lifted its holdings in shares of Entergy Corporation (NYSE:ETR - Free Report) by 100.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,710 shares of the utilities provider's stock after purchasing an additional 8,855 shares during the period. LMG Wealth Partners LLC's holdings in Entergy were worth $1,343,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. OneDigital Investment Advisors LLC boosted its stake in Entergy by 2.1% in the third 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 during the last quarter. Acropolis Investment Management LLC grew its holdings in Entergy by 0.8% during the third quarter. Acropolis Investment Management LLC now owns 8,836 shares of the utilities provider's stock valued at $1,163,000 after purchasing an additional 69 shares during the period. Great Valley Advisor Group Inc. increased its position in Entergy by 0.9% in the third quarter. Great Valley Advisor Group Inc. now owns 8,087 shares of the utilities provider's stock worth $1,065,000 after buying an additional 74 shares during the last quarter. Prossimo Advisors LLC increased its position in Entergy by 1.5% in the third quarter. Prossimo Advisors LLC now owns 5,971 shares of the utilities provider's stock worth $786,000 after buying an additional 90 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its stake 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 buying an additional 91 shares during the period. Institutional investors own 88.07% of the company's stock.

Insiders Place Their Bets

In related news, insider Deanna D. Rodriguez sold 6,088 shares of the business's stock in a transaction that occurred 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 owns 3,952 shares in the company, valued at $292,210.88. The trade was a 60.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.39% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on ETR shares. KeyCorp downgraded Entergy from an "overweight" rating to a "sector weight" rating in a research note on Wednesday, December 4th. Guggenheim lifted their target price 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. Bank of America lowered shares of Entergy from a "buy" rating to a "neutral" rating and boosted their price target for the company from $69.00 to $77.00 in a research report on Monday, November 4th. Morgan Stanley raised shares of Entergy from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $58.00 to $75.00 in a 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 report on Wednesday. Six equities 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 stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $82.14.

Entergy Price Performance

Shares of ETR traded down $1.10 during trading hours on Friday, reaching $84.76. 3,130,062 shares of the company's stock traded hands, compared to its average volume of 3,780,949. Entergy Corporation has a 12 month low of $49.80 and a 12 month high of $88.38. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81. The stock has a market cap of $36.48 billion, a PE ratio of 34.82, a price-to-earnings-growth ratio of 2.66 and a beta of 0.72. The firm's 50 day simple moving average is $79.24 and its 200-day simple moving average is $71.30.

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

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 10th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $2.40 dividend on an annualized basis and a yield of 2.83%. Entergy's payout ratio is 98.56%.

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.