Entergy Co. (NYSE:ETR) Shares Purchased by Paradigm Financial Partners LLC

Paradigm Financial Partners LLC increased its stake in shares of Entergy Co. (NYSE:ETR) by 11.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,395 shares of the utilities provider’s stock after purchasing an additional 1,490 shares during the period. Paradigm Financial Partners LLC’s holdings in Entergy were worth $1,457,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of ETR. FMR LLC raised its position in shares of Entergy by 64.4% during the 3rd quarter. FMR LLC now owns 4,562,369 shares of the utilities provider’s stock worth $422,019,000 after purchasing an additional 1,787,977 shares during the last quarter. Bank of Nova Scotia raised its holdings in Entergy by 2,786.9% in the 3rd quarter. Bank of Nova Scotia now owns 492,613 shares of the utilities provider’s stock valued at $45,567,000 after acquiring an additional 475,549 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Entergy by 220.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 685,186 shares of the utilities provider’s stock valued at $69,334,000 after acquiring an additional 471,291 shares during the last quarter. Truist Financial Corp raised its holdings in Entergy by 312.3% in the 4th quarter. Truist Financial Corp now owns 573,023 shares of the utilities provider’s stock valued at $57,984,000 after acquiring an additional 434,046 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Entergy by 16.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,506,022 shares of the utilities provider’s stock valued at $231,807,000 after acquiring an additional 352,847 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ETR has been the subject of several analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $117.00 price target on shares of Entergy in a report on Monday, February 26th. Scotiabank dropped their price objective on Entergy from $111.00 to $104.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. BMO Capital Markets upped their price objective on Entergy from $110.00 to $113.00 and gave the stock an “outperform” rating in a report on Monday, February 26th. Barclays dropped their price objective on Entergy from $108.00 to $107.00 and set an “equal weight” rating for the company in a report on Monday, April 15th. Finally, KeyCorp upped their price objective on Entergy from $108.00 to $112.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Entergy presently has an average rating of “Moderate Buy” and a consensus price target of $109.45.

Insider Transactions at Entergy

In other news, EVP Kimberly Cook-Nelson sold 2,000 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $100.35, for a total transaction of $200,700.00. Following the transaction, the executive vice president now owns 16,037 shares of the company’s stock, valued at $1,609,312.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Kimberly Cook-Nelson sold 2,000 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $100.35, for a total transaction of $200,700.00. Following the transaction, the executive vice president now owns 16,037 shares of the company’s stock, valued at $1,609,312.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Deanna D. Rodriguez sold 1,500 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $101.23, for a total transaction of $151,845.00. Following the transaction, the insider now directly owns 3,442 shares in the company, valued at approximately $348,433.66. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,000 shares of company stock valued at $1,226,685. Insiders own 0.39% of the company’s stock.

Entergy Stock Down 1.0 %

NYSE:ETR traded down $1.03 on Friday, reaching $106.50. The stock had a trading volume of 2,144,889 shares, compared to its average volume of 1,560,942. The company has a current ratio of 0.69, a quick ratio of 0.32 and a debt-to-equity ratio of 1.68. The company has a 50-day moving average of $103.41 and a 200 day moving average of $100.72. The stock has a market cap of $22.71 billion, a P/E ratio of 10.68, a price-to-earnings-growth ratio of 2.10 and a beta of 0.71. Entergy Co. has a 12-month low of $87.10 and a 12-month high of $108.81.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Wednesday, April 24th. The utilities provider reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.36). The firm had revenue of $31.17 billion during the quarter, compared to analysts’ expectations of $3.16 billion. Entergy had a net margin of 17.75% and a return on equity of 10.20%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the previous year, the company earned $1.14 earnings per share. On average, research analysts predict that Entergy Co. will post 7.22 earnings per share for the current year.

Entergy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 2nd will be given a dividend of $1.13 per share. The ex-dividend date is Wednesday, May 1st. This represents a $4.52 annualized dividend and a dividend yield of 4.24%. Entergy’s payout ratio is 45.34%.

About Entergy

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.