Secure Asset Management LLC acquired a new stake in Entergy Co. (NYSE:ETR) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 1,915 shares of the utilities provider’s stock, valued at approximately $229,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ETR. Millennium Management LLC boosted its holdings in Entergy by 174.1% in the 3rd quarter. Millennium Management LLC now owns 1,965,094 shares of the utilities provider’s stock valued at $230,623,000 after purchasing an additional 1,248,178 shares during the period. Wedge Capital Management L L P NC boosted its holdings in Entergy by 497.2% in the 3rd quarter. Wedge Capital Management L L P NC now owns 769,597 shares of the utilities provider’s stock valued at $90,320,000 after purchasing an additional 640,734 shares during the period. BlackRock Inc. boosted its holdings in Entergy by 4.0% in the 2nd quarter. BlackRock Inc. now owns 15,716,038 shares of the utilities provider’s stock valued at $1,617,651,000 after purchasing an additional 597,926 shares during the period. State Street Corp boosted its holdings in Entergy by 5.5% in the 4th quarter. State Street Corp now owns 11,374,316 shares of the utilities provider’s stock valued at $1,362,643,000 after purchasing an additional 592,844 shares during the period. Finally, Bluescape Energy Partners LLC boosted its holdings in Entergy by 115.5% in the 4th quarter. Bluescape Energy Partners LLC now owns 978,511 shares of the utilities provider’s stock valued at $117,226,000 after purchasing an additional 524,428 shares during the period. 86.21% of the stock is owned by hedge funds and other institutional investors.

Shares of Entergy stock traded up $0.81 on Friday, reaching $134.05. 84,609 shares of the stock were exchanged, compared to its average volume of 1,137,759. The firm’s 50 day moving average is $125.84 and its 200-day moving average is $117.66. Entergy Co. has a one year low of $88.83 and a one year high of $133.83. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.53 and a current ratio of 0.72. The firm has a market cap of $26.27 billion, a PE ratio of 33.47, a P/E/G ratio of 3.40 and a beta of 0.25.

The company also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Thursday, February 13th will be issued a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend is Wednesday, February 12th. Entergy’s dividend payout ratio (DPR) is presently 50.89%.

A number of research firms have issued reports on ETR. Morgan Stanley boosted their price objective on shares of Entergy from $119.00 to $124.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. UBS Group downgraded shares of Entergy from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $115.00 to $126.00 in a report on Thursday, October 31st. Bank of America upped their price target on shares of Entergy from $125.00 to $128.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. KeyCorp upped their price target on shares of Entergy from $128.00 to $129.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Finally, Citigroup upped their price target on shares of Entergy from $134.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $121.64.

Entergy Company Profile

Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. It generates electricity through gas/oil, nuclear, coal, hydro, and solar power sources. The company's Utility segment generates, transmits, distributes, and sells electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and distributes natural gas.

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Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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