Parcion Private Wealth LLC Grows Holdings in Entergy Co. (NYSE:ETR)

Parcion Private Wealth LLC boosted its position in Entergy Co. (NYSE:ETR) by 6.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,108 shares of the utilities provider’s stock after purchasing an additional 232 shares during the quarter. Parcion Private Wealth LLC’s holdings in Entergy were worth $541,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cetera Trust Company N.A purchased a new position in shares of Entergy in the third quarter worth about $29,000. Iron Horse Wealth Management LLC purchased a new stake in shares of Entergy in the second quarter valued at approximately $25,000. Heritage Wealth Advisors lifted its position in Entergy by 2,172.7% during the first quarter. Heritage Wealth Advisors now owns 250 shares of the utilities provider’s stock worth $26,000 after buying an additional 239 shares in the last quarter. American National Bank boosted its stake in Entergy by 93.7% during the second quarter. American National Bank now owns 277 shares of the utilities provider’s stock worth $30,000 after buying an additional 134 shares during the last quarter. Finally, TruNorth Capital Management LLC acquired a new stake in Entergy during the second quarter worth about $32,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on ETR. BMO Capital Markets raised their target price on Entergy from $131.00 to $140.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. KeyCorp upped their target price on shares of Entergy from $140.00 to $143.00 and gave the stock an “overweight” rating in a research note on Tuesday. Royal Bank of Canada raised their price target on shares of Entergy from $137.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Bank of America boosted their target price on Entergy from $135.00 to $138.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Finally, Wells Fargo & Company boosted their price objective on Entergy from $125.00 to $137.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Entergy presently has an average rating of “Moderate Buy” and a consensus target price of $131.19.

Insiders Place Their Bets

In related news, CEO Andrew S. Marsh sold 3,200 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $121.46, for a total value of $388,672.00. Following the completion of the sale, the chief executive officer now directly owns 150,731 shares in the company, valued at approximately $18,307,787.26. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Entergy news, CEO Andrew S. Marsh sold 19,200 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $120.35, for a total value of $2,310,720.00. Following the transaction, the chief executive officer now owns 150,731 shares in the company, valued at $18,140,475.85. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Andrew S. Marsh sold 3,200 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $121.46, for a total value of $388,672.00. Following the sale, the chief executive officer now owns 150,731 shares of the company’s stock, valued at $18,307,787.26. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 50,810 shares of company stock valued at $6,140,626 in the last quarter. 0.39% of the stock is currently owned by company insiders.

Entergy Stock Down 1.5 %

ETR opened at $135.38 on Friday. The business has a 50 day simple moving average of $127.15 and a 200-day simple moving average of $115.63. Entergy Co. has a 12 month low of $90.78 and a 12 month high of $138.24. The stock has a market capitalization of $28.95 billion, a P/E ratio of 16.19, a P/E/G ratio of 2.55 and a beta of 0.74. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.94 and a quick ratio of 0.62.

Entergy (NYSE:ETR) last issued its earnings results on Thursday, August 1st. The utilities provider reported $1.92 EPS for the quarter, topping the consensus estimate of $1.76 by $0.16. The company had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.98 billion. Entergy had a net margin of 14.75% and a return on equity of 10.10%. During the same period in the previous year, the firm earned $1.84 EPS. On average, equities analysts anticipate that Entergy Co. will post 7.22 earnings per share for the current fiscal year.

Entergy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 13th will be issued a dividend of $1.20 per share. This is an increase from Entergy’s previous quarterly dividend of $1.13. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.55%. Entergy’s payout ratio is 54.07%.

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.