Vaughan David Investments LLC IL bought a new stake in shares of Entergy Co. (NYSE:ETR) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,256 shares of the utilities provider’s stock, valued at approximately $216,000.

Other large investors have also made changes to their positions in the company. Bank of The West lifted its holdings in Entergy by 4.0% in the 1st quarter. Bank of The West now owns 2,777 shares of the utilities provider’s stock valued at $266,000 after purchasing an additional 108 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Entergy by 4.1% in the 1st quarter. Victory Capital Management Inc. now owns 2,777 shares of the utilities provider’s stock valued at $266,000 after purchasing an additional 110 shares in the last quarter. CWM Advisors LLC lifted its holdings in Entergy by 1.9% in the 4th quarter. CWM Advisors LLC now owns 6,479 shares of the utilities provider’s stock valued at $558,000 after purchasing an additional 123 shares in the last quarter. Bessemer Group Inc. lifted its holdings in Entergy by 2.1% in the 4th quarter. Bessemer Group Inc. now owns 6,323 shares of the utilities provider’s stock valued at $543,000 after purchasing an additional 128 shares in the last quarter. Finally, Horrell Capital Management Inc. lifted its holdings in Entergy by 0.4% in the 1st quarter. Horrell Capital Management Inc. now owns 31,197 shares of the utilities provider’s stock valued at $2,983,000 after purchasing an additional 138 shares in the last quarter. Hedge funds and other institutional investors own 88.53% of the company’s stock.

Shares of NYSE ETR traded up $0.20 during trading on Thursday, hitting $98.69. 20,913 shares of the company were exchanged, compared to its average volume of 1,296,722. Entergy Co. has a 12-month low of $75.83 and a 12-month high of $98.56. The company has a quick ratio of 0.52, a current ratio of 0.70 and a debt-to-equity ratio of 1.91. The firm has a market cap of $18.67 billion, a PE ratio of 13.50, a P/E/G ratio of 2.64 and a beta of 0.40.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.12). The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.67 billion. Entergy had a return on equity of 15.17% and a net margin of 9.04%. During the same period in the previous year, the business posted $0.83 earnings per share. Research analysts expect that Entergy Co. will post 5.28 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Thursday, May 9th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date is Wednesday, May 8th. Entergy’s payout ratio is 49.79%.

ETR has been the topic of a number of research reports. Royal Bank of Canada restated a “hold” rating and issued a $91.00 price objective on shares of Entergy in a report on Wednesday, January 23rd. Zacks Investment Research lowered Entergy from a “buy” rating to a “hold” rating in a report on Wednesday, January 23rd. Morgan Stanley raised their price objective on Entergy from $88.00 to $91.00 and gave the company an “equal weight” rating in a report on Tuesday, February 12th. Wells Fargo & Co raised their price objective on Entergy from $99.00 to $105.00 and gave the company an “outperform” rating in a report on Thursday, February 21st. Finally, Macquarie upgraded Entergy from a “neutral” rating to an “outperform” rating in a report on Monday, March 11th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Entergy presently has a consensus rating of “Buy” and a consensus price target of $93.50.

In related news, insider Haley Fisackerly sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $92.59, for a total transaction of $138,885.00. Following the completion of the sale, the insider now directly owns 2,434 shares of the company’s stock, valued at approximately $225,364.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sallie T. Rainer sold 2,600 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $98.00, for a total value of $254,800.00. Following the sale, the insider now directly owns 16,471 shares of the company’s stock, valued at $1,614,158. The disclosure for this sale can be found here. Insiders have sold a total of 145,317 shares of company stock valued at $14,018,970 over the last three months. Corporate insiders own 0.27% of the company’s stock.

WARNING: “Vaughan David Investments LLC IL Takes $216,000 Position in Entergy Co. (ETR)” was first reported by Watch List News and is the property of of Watch List News. If you are accessing this news story on another publication, it was illegally copied and republished in violation of U.S. and international trademark & copyright laws. The original version of this news story can be read at https://www.watchlistnews.com/vaughan-david-investments-llc-il-takes-216000-position-in-entergy-co-etr/3020018.html.

Entergy 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.

Recommended Story: Can systematic risk be avoided?

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).

Institutional Ownership by Quarter for Entergy (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.