Entergy Corporation (NYSE:ETR) Shares Bought by Parallel Advisors LLC

Parallel Advisors LLC lifted its holdings in Entergy Corporation (NYSE:ETR - Free Report) by 199.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,629 shares of the utilities provider's stock after buying an additional 4,416 shares during the quarter. Parallel Advisors LLC's holdings in Entergy were worth $503,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ETR. Cibc World Markets Corp grew its stake in shares of Entergy by 133.1% during the 4th quarter. Cibc World Markets Corp now owns 67,599 shares of the utilities provider's stock worth $5,125,000 after purchasing an additional 38,596 shares during the period. Signature Wealth Management Group boosted its holdings in Entergy by 83.3% during the fourth quarter. Signature Wealth Management Group now owns 66,845 shares of the utilities provider's stock worth $5,068,000 after buying an additional 30,376 shares in the last quarter. Glenview Trust co increased its holdings in Entergy by 98.5% in the fourth quarter. Glenview Trust co now owns 4,288 shares of the utilities provider's stock valued at $325,000 after buying an additional 2,128 shares in the last quarter. Harbour Investments Inc. increased its holdings in Entergy by 126.1% in the fourth quarter. Harbour Investments Inc. now owns 2,098 shares of the utilities provider's stock valued at $159,000 after buying an additional 1,170 shares in the last quarter. Finally, Corient Private Wealth LLC lifted its position in shares of Entergy by 111.2% during the 4th quarter. Corient Private Wealth LLC now owns 148,790 shares of the utilities provider's stock valued at $11,281,000 after acquiring an additional 78,348 shares during the period. Institutional investors and hedge funds own 88.07% of the company's stock.

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Analyst Ratings Changes

Several equities analysts 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. Morgan Stanley upped their target price on Entergy from $75.00 to $78.00 and gave the company an "equal weight" rating in a report on Thursday, March 20th. StockNews.com raised Entergy from a "sell" rating to a "hold" rating in a research note on Sunday, December 29th. Evercore ISI increased their price objective on shares of Entergy from $75.00 to $86.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Entergy from $87.00 to $98.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 11th. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Entergy currently has a consensus rating of "Moderate Buy" and a consensus price target of $84.75.

Entergy Trading Down 1.3 %

Shares of ETR stock traded down $1.09 during mid-day trading on Tuesday, hitting $82.92. 4,658,302 shares of the company's stock were exchanged, compared to its average volume of 3,337,904. The stock has a market cap of $35.72 billion, a price-to-earnings ratio of 34.05, a PEG ratio of 2.34 and a beta of 0.68. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81. Entergy Corporation has a fifty-two week low of $50.19 and a fifty-two week high of $88.38. The stock has a 50-day simple moving average of $83.04 and a two-hundred day simple moving average of $75.32.

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

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend was Monday, February 10th. Entergy's dividend payout ratio is currently 98.77%.

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.