Entergy Corporation $ETR Shares Acquired by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc raised its holdings in shares of Entergy Corporation (NYSE:ETR) by 58.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,161 shares of the utilities provider’s stock after acquiring an additional 10,357 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Entergy were worth $2,341,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in ETR. Brighton Jones LLC boosted its position in shares of Entergy by 275.6% during the 4th quarter. Brighton Jones LLC now owns 9,176 shares of the utilities provider’s stock worth $696,000 after acquiring an additional 6,733 shares in the last quarter. Merit Financial Group LLC boosted its position in shares of Entergy by 28.0% during the 1st quarter. Merit Financial Group LLC now owns 10,029 shares of the utilities provider’s stock worth $857,000 after acquiring an additional 2,196 shares in the last quarter. Hennion & Walsh Asset Management Inc. acquired a new position in shares of Entergy during the 1st quarter worth about $266,000. Gateway Investment Advisers LLC boosted its position in shares of Entergy by 22.7% during the 1st quarter. Gateway Investment Advisers LLC now owns 3,481 shares of the utilities provider’s stock worth $298,000 after acquiring an additional 645 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in shares of Entergy by 2.8% during the 1st quarter. UMB Bank n.a. now owns 11,095 shares of the utilities provider’s stock worth $949,000 after acquiring an additional 303 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Entergy Stock Up 2.0%

Entergy stock opened at $95.41 on Monday. Entergy Corporation has a twelve month low of $64.38 and a twelve month high of $96.61. The stock has a 50 day moving average of $89.72 and a two-hundred day moving average of $85.29. The company has a current ratio of 0.80, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73. The stock has a market capitalization of $42.59 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 2.60 and a beta of 0.62.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.14. The company had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $3.11 billion. Entergy had a return on equity of 11.52% and a net margin of 14.35%.During the same period last year, the firm earned $1.92 EPS. Entergy has set its FY 2025 guidance at 3.750-3.95 EPS. As a group, research analysts expect that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Wednesday, August 13th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Wednesday, August 13th. Entergy’s dividend payout ratio (DPR) is presently 59.85%.

Analysts Set New Price Targets

Several research firms have recently issued reports on ETR. Raymond James Financial began coverage on Entergy in a research report on Friday, June 13th. They set a “market perform” rating for the company. Jefferies Financial Group assumed coverage on Entergy in a research note on Thursday, September 4th. They set a “buy” rating and a $109.00 price target on the stock. JPMorgan Chase & Co. raised their price target on Entergy from $102.00 to $103.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Barclays dropped their price target on Entergy from $91.00 to $87.00 and set an “overweight” rating on the stock in a research note on Thursday, July 10th. Finally, Morgan Stanley dropped their price target on Entergy from $86.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. Thirteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $91.33.

Insiders Place Their Bets

In related news, insider Haley Fisackerly sold 4,463 shares of the firm’s stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $90.50, for a total value of $403,901.50. Following the completion of the transaction, the insider directly owned 3,318 shares of the company’s stock, valued at $300,279. This trade represents a 57.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.47% of the stock is owned by insiders.

Entergy 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.