Vaughan David Investments LLC IL Buys 16,883 Shares of Entergy Co. (NYSE:ETR)

Vaughan David Investments LLC IL raised its stake in shares of Entergy Co. (NYSE:ETR - Free Report) by 4.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 363,673 shares of the utilities provider's stock after purchasing an additional 16,883 shares during the period. Vaughan David Investments LLC IL owned 0.17% of Entergy worth $36,800,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of ETR. Commonwealth Equity Services LLC lifted its position in shares of Entergy by 1.2% in the third quarter. Commonwealth Equity Services LLC now owns 38,239 shares of the utilities provider's stock valued at $3,537,000 after acquiring an additional 467 shares in the last quarter. Alberta Investment Management Corp lifted its position in shares of Entergy by 73.3% in the second quarter. Alberta Investment Management Corp now owns 27,412 shares of the utilities provider's stock valued at $2,669,000 after acquiring an additional 11,598 shares in the last quarter. Ferguson Wellman Capital Management Inc. lifted its position in shares of Entergy by 1.7% in the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 595,644 shares of the utilities provider's stock valued at $60,273,000 after acquiring an additional 9,696 shares in the last quarter. Financial Counselors Inc. lifted its position in shares of Entergy by 28.9% in the fourth quarter. Financial Counselors Inc. now owns 159,395 shares of the utilities provider's stock valued at $16,129,000 after acquiring an additional 35,718 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its position in shares of Entergy by 464.4% in the third quarter. Los Angeles Capital Management LLC now owns 12,044 shares of the utilities provider's stock valued at $1,114,000 after acquiring an additional 9,910 shares in the last quarter. Institutional investors own 88.07% of the company's stock.

Insider Activity

In other news, EVP Marcus V. Brown sold 8,500 shares of the company's stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $102.84, for a total transaction of $874,140.00. Following the transaction, the executive vice president now owns 9,911 shares of the company's stock, valued at $1,019,247.24. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Entergy news, insider Deanna D. Rodriguez sold 1,500 shares of the company's stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $101.23, for a total transaction of $151,845.00. Following the completion of the sale, the insider now owns 3,442 shares in the company, valued at $348,433.66. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Marcus V. Brown sold 8,500 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $102.84, for a total value of $874,140.00. Following the sale, the executive vice president now owns 9,911 shares of the company's stock, valued at approximately $1,019,247.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,000 shares of company stock valued at $1,226,685. 0.39% of the stock is currently owned by insiders.

Entergy Trading Down 0.9 %

ETR stock traded down $0.92 during midday trading on Friday, reaching $102.91. 1,326,885 shares of the company traded hands, compared to its average volume of 1,359,416. Entergy Co. has a 52-week low of $87.10 and a 52-week high of $109.85. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.32 and a current ratio of 0.57. The business has a 50 day moving average of $102.10 and a 200-day moving average of $99.69. The firm has a market capitalization of $21.94 billion, a price-to-earnings ratio of 9.35, a P/E/G ratio of 2.07 and a beta of 0.71.

Entergy (NYSE:ETR - Get Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.52. The business had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $3.27 billion. Entergy had a return on equity of 10.54% and a net margin of 19.41%. During the same period in the prior year, the business posted $0.51 earnings per share. As a group, sell-side analysts expect that Entergy Co. will post 7.22 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 2nd will be paid a dividend of $1.13 per share. The ex-dividend date is Wednesday, May 1st. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.39%. Entergy's dividend payout ratio is 40.76%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ETR. BMO Capital Markets boosted their price objective on Entergy from $110.00 to $113.00 and gave the company an "outperform" rating in a research report on Monday, February 26th. Royal Bank of Canada reiterated an "outperform" rating and issued a $117.00 target price on shares of Entergy in a research report on Monday, February 26th. Finally, Barclays boosted their target price on Entergy from $105.00 to $108.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, Entergy has an average rating of "Moderate Buy" and an average price target of $110.60.

About Entergy

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.

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 - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.