Entergy Co. (NYSE:ETR) Shares Sold by Shell Asset Management Co.


Shell Asset Management Co. trimmed its holdings in Entergy Co. (NYSE:ETR – Get Rating) by 14.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,333 shares of the utilities provider’s stock after selling 868 shares during the quarter. Shell Asset Management Co.’s holdings in Entergy were worth $623,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC boosted its holdings in Entergy by 1.9% in the first quarter. Mutual of America Capital Management LLC now owns 41,402 shares of the utilities provider’s stock valued at $4,834,000 after purchasing an additional 753 shares in the last quarter. Atria Investments LLC boosted its holdings in shares of Entergy by 6.9% in the first quarter. Atria Investments LLC now owns 10,183 shares of the utilities provider’s stock valued at $1,189,000 after acquiring an additional 661 shares during the period. Marshall Wace LLP acquired a new stake in shares of Entergy in the fourth quarter valued at approximately $20,667,000. Nisa Investment Advisors LLC boosted its holdings in shares of Entergy by 6.5% in the first quarter. Nisa Investment Advisors LLC now owns 16,335 shares of the utilities provider’s stock valued at $1,907,000 after acquiring an additional 1,000 shares during the period. Finally, Contravisory Investment Management Inc. Acquired a new stake in shares of Entergy in the first quarter valued at approximately $6,160,000. 88.94% of the stock is owned by institutional investors and hedge funds.

Entergy Stock Up 0.2%

ETR opened at $115.41 on Tuesday. The company has a quick ratio of 0.49, a current ratio of 0.72 and a debt-to-equity ratio of 2.24. The firm has a market cap of $23.47 billion, a P/E ratio of 22.02, a PEG ratio of 2.70 and a beta of 0.58. Entergy Co. has a 52 week low of $98.50 and a 52 week high of $126.82. The business’s fifty day simple moving average is $112.60 and its 200 day simple moving average is $113.34.

Entergy Announcements Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Thursday, August 11th will be paid a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.50%. Entergy’s payout ratio is currently 77.10%.

Insider Activity at Entergy

In related news, COO Paul D. Hinnenkamp sold 6,500 shares of the stock in a transaction on Friday, May 27th. The stock sold at an average price of $120.94, for a total transaction of $786,110.00. Following the sale, the chief operating officer now owns 26,102 shares of the company’s stock, valued at $3,156,775.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.37% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Baader Bank set at $188.00 price objective on Entergy in a report on Wednesday, May 18th. Sanford C. Bernstein set a $100.00 price objective on Entergy and gave the company a “market perform” rating in a report on Tuesday, May 17th. Hauck Aufhäuser In… set at $28.00 price target on Entergy in a report on Wednesday, May 18th. Mizuho cut their price objective on Entergy from $127.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, June 29th. Finally, Wells Fargo & Company cut their price objective on Entergy from $140.00 to $125.00 and set an “overweight” rating for the company in a research report on Tuesday, June 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $121.93.

Entergy Profile

(Get Rating)

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. The company operates in two segments, Utility and Entergy Wholesale Commodities. The Utility segment 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.

Featured Stories

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 – Get Rating).

Institutional Ownership by Quarter for Enterprise (NYSE:ETR)



Receive News & Ratings for Entergy Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Entergy and related companies with MarketBeat.com’s FREE daily email newsletter.

.

Leave a Reply

%d bloggers like this: