Parcion Private Wealth LLC Purchases 4,108 Shares of Entergy Corporation (NYSE:ETR)

Parcion Private Wealth LLC increased its position in Entergy Corporation (NYSE:ETR) by 100.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,216 shares of the utilities provider’s stock after acquiring an additional 4,108 shares during the quarter. Parcion Private Wealth LLC’s holdings in Entergy were worth $623,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Fortis Group Advisors LLC boosted its position in shares of Entergy by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 172 shares during the period. Legacy Investment Solutions LLC bought a new position in shares of Entergy in the third quarter valued at approximately $27,000. Fortitude Family Office LLC boosted its position in shares of Entergy by 423.8% in the third 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 period. IFS Advisors LLC bought a new stake in Entergy during the fourth quarter valued at approximately $30,000. Finally, Ulland Investment Advisors LLC lifted its position in Entergy by 100.0% during the fourth quarter. Ulland Investment Advisors LLC now owns 400 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 200 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ETR has been the subject of several research analyst reports. Mizuho lifted their target price on shares of Entergy from $69.00 to $82.50 and gave the company an “outperform” rating in a research report on Monday, November 4th. Morgan Stanley upgraded shares of Entergy from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $58.00 to $75.00 in a research report on Monday, November 4th. UBS Group lifted their price target 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. Evercore ISI lifted their price target on shares of Entergy from $75.00 to $86.00 and gave the stock an “in-line” rating in a research note on Wednesday. Finally, Wells Fargo & Company lifted their price target on shares of Entergy from $85.00 to $97.00 and gave the stock an “overweight” rating in a research note on Wednesday. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $82.14.

Insider Activity

In other news, insider Deanna D. Rodriguez sold 6,088 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $73.94, for a total transaction of $450,146.72. Following the sale, the insider now owns 3,952 shares in the company, valued at approximately $292,210.88. The trade was a 60.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.39% of the company’s stock.

Entergy Stock Down 0.1 %

Shares of Entergy stock opened at $87.31 on Thursday. The company has a current ratio of 0.89, a quick ratio of 0.59 and a debt-to-equity ratio of 1.77. The company’s fifty day simple moving average is $78.74 and its two-hundred day simple moving average is $71.08. The company has a market cap of $37.44 billion, a P/E ratio of 35.85, a PEG ratio of 2.67 and a beta of 0.72. Entergy Corporation has a 12-month low of $49.80 and a 12-month high of $88.38.

Entergy (NYSE:ETR) last announced its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. Entergy had a net margin of 8.90% and a return on equity of 10.75%. The firm had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $3.24 billion. During the same quarter in the previous year, the business posted $0.26 EPS. Research analysts anticipate that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 10th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend is Monday, February 10th. Entergy’s dividend payout ratio (DPR) is presently 98.56%.

Entergy Company 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.