Vaughan David Investments LLC IL Sells 11,975 Shares of Entergy Corporation $ETR

Vaughan David Investments LLC IL lessened its holdings in shares of Entergy Corporation (NYSE:ETR) by 1.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 713,051 shares of the utilities provider’s stock after selling 11,975 shares during the quarter. Entergy comprises approximately 1.4% of Vaughan David Investments LLC IL’s portfolio, making the stock its 13th biggest holding. Vaughan David Investments LLC IL’s holdings in Entergy were worth $65,907,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ETR. JPMorgan Chase & Co. boosted its position in shares of Entergy by 54.9% in the fourth quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider’s stock valued at $2,097,699,000 after acquiring an additional 8,046,287 shares during the period. Norges Bank bought a new position in shares of Entergy in the fourth quarter valued at approximately $528,313,000. M&T Bank Corp boosted its position in shares of Entergy by 5,132.9% in the fourth quarter. M&T Bank Corp now owns 1,558,411 shares of the utilities provider’s stock valued at $144,044,000 after acquiring an additional 1,528,630 shares during the period. Vanguard Group Inc. boosted its position in shares of Entergy by 2.6% in the third quarter. Vanguard Group Inc. now owns 57,947,906 shares of the utilities provider’s stock valued at $5,400,165,000 after acquiring an additional 1,488,238 shares during the period. Finally, Raymond James Financial Inc. boosted its position in shares of Entergy by 137.1% in the third quarter. Raymond James Financial Inc. now owns 2,039,644 shares of the utilities provider’s stock valued at $190,074,000 after acquiring an additional 1,179,362 shares during the period. 88.07% of the stock is currently owned by institutional investors.

Insider Transactions at Entergy

In other Entergy news, insider Haley Fisackerly sold 10,638 shares of Entergy stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total transaction of $1,170,180.00. Following the completion of the sale, the insider directly owned 14,182 shares in the company, valued at $1,560,020. The trade was a 42.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Scotiabank restated a “sector outperform” rating on shares of Entergy in a research report on Wednesday. BTIG Research restated a “buy” rating and issued a $126.00 price objective on shares of Entergy in a research report on Wednesday. Weiss Ratings upgraded shares of Entergy from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, May 14th. Seaport Research Partners lowered shares of Entergy from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. Finally, Morgan Stanley set a $94.00 price objective on shares of Entergy in a research report on Thursday, May 21st. Seventeen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $119.68.

Entergy Trading Down 0.4%

Shares of Entergy stock opened at $110.00 on Friday. Entergy Corporation has a 1 year low of $80.11 and a 1 year high of $118.44. The firm has a market cap of $50.37 billion, a PE ratio of 28.06, a PEG ratio of 1.89 and a beta of 0.50. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.96 and a quick ratio of 0.73. The company has a 50 day simple moving average of $112.51 and a two-hundred day simple moving average of $103.36.

Entergy (NYSE:ETR) last announced its earnings results on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.02. Entergy had a net margin of 13.48% and a return on equity of 10.75%. The business had revenue of $3.19 billion during the quarter, compared to analyst estimates of $2.89 billion. During the same period in the previous year, the business posted $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Analysts expect that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 1st were given a dividend of $0.64 per share. The ex-dividend date was Friday, May 1st. This represents a $2.56 annualized dividend and a yield of 2.3%. Entergy’s payout ratio is presently 65.31%.

Entergy Profile

Entergy Corporation (NYSE:ETR) is an integrated energy company headquartered in New Orleans, Louisiana, that generates, transmits and distributes electricity. The company’s operations combine regulated utility services with competitive power production, supplying retail electricity to residential, commercial and industrial customers while also participating in wholesale energy markets. Entergy’s generation fleet includes nuclear, natural gas, hydropower and other resources, and it operates a network of transmission and distribution assets to deliver power to end users.

Entergy conducts its regulated utility business through state-based operating subsidiaries that serve customers across parts of Arkansas, Louisiana, Mississippi and southeast Texas.