Paradigm Financial Partners LLC Has $1.46 Million Position in Entergy Co. (NYSE:ETR)

Paradigm Financial Partners LLC grew its holdings in shares of Entergy Co. (NYSE:ETR) by 11.5% during the fourth quarter, Holdings Channel reports. The firm 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.

A number of other hedge funds and other institutional investors have also modified their holdings of ETR. Caprock Group LLC raised its holdings in shares of Entergy by 4.9% during the 3rd quarter. Caprock Group LLC now owns 4,024 shares of the utilities provider’s stock valued at $372,000 after purchasing an additional 189 shares in the last quarter. Czech National Bank raised its holdings in shares of Entergy by 47.6% during the 3rd quarter. Czech National Bank now owns 36,958 shares of the utilities provider’s stock valued at $3,419,000 after purchasing an additional 11,927 shares in the last quarter. My Legacy Advisors LLC raised its holdings in shares of Entergy by 5.9% during the 3rd quarter. My Legacy Advisors LLC now owns 8,997 shares of the utilities provider’s stock valued at $840,000 after purchasing an additional 500 shares in the last quarter. Brookstone Capital Management raised its holdings in Entergy by 4,752.9% in the 3rd quarter. Brookstone Capital Management now owns 129,572 shares of the utilities provider’s stock worth $12,098,000 after acquiring an additional 126,902 shares during the period. Finally, Commonwealth Equity Services LLC raised its holdings in Entergy by 1.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 38,239 shares of the utilities provider’s stock worth $3,537,000 after acquiring an additional 467 shares during the period. Institutional investors own 88.07% of the company’s stock.

Insider Buying and Selling at Entergy

In other Entergy news, EVP Marcus V. Brown sold 8,500 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $102.84, for a total value of $874,140.00. Following the transaction, the executive vice president now directly owns 9,911 shares in the company, valued at $1,019,247.24. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Entergy news, EVP Marcus V. Brown sold 8,500 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $102.84, for a total value of $874,140.00. Following the transaction, the executive vice president now directly owns 9,911 shares in the company, valued at $1,019,247.24. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Deanna D. Rodriguez sold 1,500 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $101.23, for a total transaction of $151,845.00. Following the completion of the transaction, the insider now owns 3,442 shares in the company, valued at $348,433.66. The disclosure for this sale can be found here. Insiders have sold a total of 12,000 shares of company stock worth $1,226,685 over the last ninety days. Corporate insiders own 0.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on ETR shares. Scotiabank dropped their target price on shares of Entergy from $111.00 to $104.00 and set a “sector perform” rating on the stock in a report on Monday, April 22nd. KeyCorp lifted their target price on shares of Entergy from $108.00 to $112.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. BMO Capital Markets lifted their target price on shares of Entergy from $110.00 to $113.00 and gave the stock an “outperform” rating in a report on Monday, February 26th. Barclays dropped their target price on shares of Entergy from $108.00 to $107.00 and set an “equal weight” rating on the stock in a report on Monday, April 15th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $117.00 price target on shares of Entergy in a research report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a 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 target price of $109.45.

Entergy Price Performance

Shares of Entergy stock traded down $1.03 during trading on Friday, hitting $106.50. 2,144,889 shares of the company’s stock traded hands, compared to its average volume of 1,560,942. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.69 and a quick ratio of 0.32. The firm’s fifty day moving average price is $103.41 and its 200 day moving average price is $100.72. Entergy Co. has a twelve month low of $87.10 and a twelve month high of $108.81. The company has a market cap of $22.71 billion, a PE ratio of 10.68, a PEG ratio of 2.10 and a beta of 0.71.

Entergy (NYSE:ETR) last issued its earnings results on Wednesday, April 24th. The utilities provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.36). Entergy had a net margin of 17.75% and a return on equity of 10.20%. The business had revenue of $31.17 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same quarter last year, the firm posted $1.14 earnings per share. Entergy’s revenue was down .5% on a year-over-year basis. Analysts forecast that Entergy Co. will post 7.22 earnings per share for the current year.

Entergy Dividend Announcement

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

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.