Parcion Private Wealth LLC Increases Position in Entergy Corporation (NYSE:ETR)

Parcion Private Wealth LLC grew its position in Entergy Corporation (NYSE:ETR - Free Report) by 100.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,216 shares of the utilities provider's stock after purchasing an additional 4,108 shares during the period. Parcion Private Wealth LLC's holdings in Entergy were worth $623,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. OneDigital Investment Advisors LLC lifted its position in Entergy by 2.1% during the third quarter. OneDigital Investment Advisors LLC now owns 3,427 shares of the utilities provider's stock valued at $451,000 after purchasing an additional 69 shares during the period. Acropolis Investment Management LLC raised its stake 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 valued at $1,163,000 after buying an additional 69 shares during the last quarter. Great Valley Advisor Group Inc. lifted its holdings in shares of Entergy by 0.9% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 8,087 shares of the utilities provider's stock valued at $1,065,000 after buying an additional 74 shares during the period. Prossimo Advisors LLC boosted its stake in shares of 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. grew its holdings in Entergy by 1.3% during the third quarter. Brown Brothers Harriman & Co. now owns 7,233 shares of the utilities provider's stock worth $952,000 after acquiring an additional 91 shares during the period. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Entergy Price Performance

Shares of NYSE ETR traded down $0.92 during mid-day trading on Friday, reaching $84.94. The company's stock had a trading volume of 4,755,056 shares, compared to its average volume of 3,839,319. The stock has a 50-day moving average of $79.24 and a two-hundred day moving average of $71.30. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72. The stock has a market capitalization of $36.56 billion, a P/E ratio of 34.88, a P/E/G ratio of 2.66 and a beta of 0.72. Entergy Corporation has a 1-year low of $49.80 and a 1-year high of $88.38.

Entergy (NYSE:ETR - Get Free Report) last issued 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 company had revenue of $2.74 billion during the quarter, compared to analysts' expectations of $3.24 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same period in the prior year, the business earned $0.26 EPS. On average, equities research analysts anticipate that Entergy Corporation will post 3.88 EPS for the current fiscal year.

Entergy Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. BMO Capital Markets boosted their price target on Entergy from $79.00 to $94.00 and gave the company an "outperform" rating in a report on Wednesday. Evercore ISI boosted their target price on shares of Entergy from $75.00 to $86.00 and gave the company an "in-line" rating in a research note on Wednesday. LADENBURG THALM/SH SH upgraded shares of Entergy from a "neutral" rating to a "buy" rating and set a $86.50 price target on the stock in a research report on Thursday, January 30th. Guggenheim upped their price objective on shares of Entergy from $72.50 to $82.50 and gave the stock a "buy" rating in a research report on Friday, November 1st. Finally, Scotiabank lowered their target price on shares of Entergy from $165.00 to $82.00 and set a "sector perform" rating on the stock in a research note on Tuesday, January 7th. Six 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 company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $82.14.

Insider Activity

In other Entergy news, insider Deanna D. Rodriguez sold 6,088 shares of Entergy stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.39% of the company's stock.

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.