Vaughan David Investments LLC IL Buys 382,660 Shares of Entergy Corporation (NYSE:ETR)

Vaughan David Investments LLC IL lifted its stake in Entergy Corporation (NYSE:ETR) by 99.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 766,424 shares of the utilities provider’s stock after acquiring an additional 382,660 shares during the period. Entergy makes up about 1.4% of Vaughan David Investments LLC IL’s holdings, making the stock its 12th largest holding. Vaughan David Investments LLC IL owned 0.18% of Entergy worth $58,110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. State Street Corp boosted its holdings in shares of Entergy by 1.1% in the third quarter. State Street Corp now owns 11,408,776 shares of the utilities provider’s stock worth $1,501,509,000 after acquiring an additional 128,667 shares during the period. FMR LLC boosted its stake in Entergy by 5.0% during the third quarter. FMR LLC now owns 6,613,647 shares of the utilities provider’s stock valued at $870,422,000 after buying an additional 315,750 shares during the period. Franklin Resources Inc. boosted its stake in Entergy by 53.0% during the third quarter. Franklin Resources Inc. now owns 5,718,859 shares of the utilities provider’s stock valued at $754,318,000 after buying an additional 1,981,611 shares during the period. Geode Capital Management LLC boosted its stake in Entergy by 0.8% during the third quarter. Geode Capital Management LLC now owns 4,965,257 shares of the utilities provider’s stock valued at $651,206,000 after buying an additional 37,279 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Entergy by 60.6% during the third quarter. JPMorgan Chase & Co. now owns 3,589,727 shares of the utilities provider’s stock valued at $472,444,000 after buying an additional 1,354,355 shares during the period. 88.07% of the stock is owned by institutional investors.

Entergy Stock Up 0.1 %

ETR opened at $85.21 on Tuesday. The company has a market cap of $36.68 billion, a P/E ratio of 34.99, a P/E/G ratio of 2.34 and a beta of 0.72. The business’s 50-day moving average price is $79.66 and its 200-day moving average price is $71.86. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81. Entergy Corporation has a 12 month low of $49.80 and a 12 month high of $88.38.

Entergy (NYSE:ETR) last posted its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.03. The company had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $3.24 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same period last year, the firm earned $0.26 earnings per share. On average, equities analysts expect that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 10th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $2.40 annualized dividend and a dividend yield of 2.82%. Entergy’s payout ratio is presently 98.77%.

Analyst Ratings Changes

Several research firms recently issued reports on ETR. Bank of America lowered Entergy from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $69.00 to $77.00 in a research note on Monday, November 4th. Scotiabank dropped their price objective on Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 7th. Morgan Stanley upgraded Entergy from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $58.00 to $75.00 in a research report on Monday, November 4th. Evercore ISI raised their price target on Entergy from $75.00 to $86.00 and gave the company an “in-line” rating in a research report on Wednesday, February 19th. Finally, Mizuho raised their price target on Entergy from $69.00 to $82.50 and gave the company an “outperform” rating in a research report on Monday, November 4th. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.14.

Insider Buying and Selling

In related news, insider Deanna D. Rodriguez sold 6,088 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $73.94, for a total value of $450,146.72. Following the sale, the insider now directly owns 3,952 shares of the company’s stock, valued at $292,210.88. This trade represents a 60.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.39% of the stock is owned by insiders.

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.