Shell Asset Management Co. Buys 7,800 Shares of Entergy Co. (ETR)

Shell Asset Management Co. boosted its stake in Entergy Co. (NYSE:ETR) by 17.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 51,324 shares of the utilities provider’s stock after purchasing an additional 7,800 shares during the period. Shell Asset Management Co.’s holdings in Entergy were worth $4,177,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Cerebellum GP LLC acquired a new position in Entergy in the 4th quarter valued at about $123,000. Calton & Associates Inc. acquired a new position in Entergy in the 4th quarter valued at about $130,000. Advisory Services Network LLC increased its position in Entergy by 2.1% in the 2nd quarter. Advisory Services Network LLC now owns 2,335 shares of the utilities provider’s stock valued at $179,000 after acquiring an additional 49 shares during the period. Krilogy Financial LLC increased its position in Entergy by 1,116.0% in the 3rd quarter. Krilogy Financial LLC now owns 2,432 shares of the utilities provider’s stock valued at $186,000 after acquiring an additional 2,232 shares during the period. Finally, NuWave Investment Management LLC acquired a new position in Entergy in the 4th quarter valued at about $193,000. Hedge funds and other institutional investors own 82.31% of the company’s stock.

Entergy Co. (NYSE ETR) opened at $76.72 on Tuesday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.58 and a current ratio of 0.78. Entergy Co. has a 52-week low of $71.95 and a 52-week high of $87.95. The stock has a market capitalization of $13,828.89, a P/E ratio of -15.53, a price-to-earnings-growth ratio of 2.15 and a beta of 0.50.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 8th will be given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 4.64%. The ex-dividend date is Wednesday, February 7th. Entergy’s payout ratio is -72.06%.

Several equities analysts recently issued reports on the company. TheStreet upgraded Entergy from a “c” rating to a “b-” rating in a research report on Friday, October 27th. Mizuho restated a “hold” rating and issued a $83.00 price target on shares of Entergy in a research report on Friday, October 27th. Wells Fargo & Co restated an “outperform” rating and issued a $96.00 price target (up previously from $90.00) on shares of Entergy in a research report on Wednesday, October 25th. Bank of America assumed coverage on Entergy in a research report on Tuesday, October 24th. They issued a “neutral” rating and a $86.00 price target on the stock. Finally, Morgan Stanley boosted their price target on Entergy from $86.00 to $88.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 13th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $83.50.

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Entergy Company Profile

Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company operates through two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business.

Want to see what other hedge funds are holding ETR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Entergy Co. (NYSE:ETR).

Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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