Shell Asset Management Co. Purchases 6,107 Shares of Entergy Corporation (NYSE:ETR)

Shell Asset Management Co. increased its position in Entergy Corporation (NYSE:ETR - Free Report) by 100.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,214 shares of the utilities provider's stock after purchasing an additional 6,107 shares during the period. Shell Asset Management Co.'s holdings in Entergy were worth $926,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ETR. JPMorgan Chase & Co. increased its position in shares of Entergy by 60.6% during the third quarter. JPMorgan Chase & Co. now owns 3,589,727 shares of the utilities provider's stock worth $472,444,000 after acquiring an additional 1,354,355 shares in the last quarter. AdvisorNet Financial Inc increased its position in shares of Entergy by 91.4% during the fourth quarter. AdvisorNet Financial Inc now owns 1,516 shares of the utilities provider's stock worth $115,000 after acquiring an additional 724 shares in the last quarter. Gateway Investment Advisers LLC increased its position in shares of Entergy by 79.7% during the fourth quarter. Gateway Investment Advisers LLC now owns 2,836 shares of the utilities provider's stock worth $215,000 after acquiring an additional 1,258 shares in the last quarter. Carnegie Investment Counsel increased its position in shares of Entergy by 100.0% during the fourth quarter. Carnegie Investment Counsel now owns 13,550 shares of the utilities provider's stock worth $1,027,000 after acquiring an additional 6,775 shares in the last quarter. Finally, KMG Fiduciary Partners LLC lifted its stake in Entergy by 99.3% during the 4th quarter. KMG Fiduciary Partners LLC now owns 5,018 shares of the utilities provider's stock valued at $380,000 after acquiring an additional 2,500 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ETR. Evercore ISI raised their price objective on Entergy from $75.00 to $86.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. Morgan Stanley restated an "overweight" rating on shares of Entergy in a research note on Wednesday, April 23rd. KeyCorp upgraded Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 price objective on the stock in a research note on Wednesday, May 14th. Wells Fargo & Company raised their price objective on Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. Finally, UBS Group raised their price objective on Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a research note on Friday, March 21st. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $86.04.

Entergy Stock Performance

ETR traded up $1.25 during midday trading on Tuesday, reaching $84.26. The company had a trading volume of 3,736,909 shares, compared to its average volume of 3,687,706. Entergy Corporation has a 12-month low of $52.07 and a 12-month high of $88.38. The business has a 50-day moving average price of $83.07 and a two-hundred day moving average price of $80.26. The stock has a market cap of $36.30 billion, a PE ratio of 34.60, a P/E/G ratio of 2.34 and a beta of 0.62. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72.

Entergy (NYSE:ETR - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.60 by $0.22. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The business had revenue of $3.02 billion for the quarter, compared to analysts' expectations of $3.13 billion. During the same period in the previous year, the business posted $0.54 EPS. On average, sell-side analysts expect that Entergy Corporation will post 3.88 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 2nd will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date is Friday, May 2nd. Entergy's dividend payout ratio is currently 77.92%.

Entergy 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.