Entergy Corporation $ETR Position Lowered by Godsey & Gibb Inc.

Godsey & Gibb Inc. lowered its position in Entergy Corporation (NYSE:ETR) by 7.1% in the fourth quarter, HoldingsChannel reports. The firm owned 307,473 shares of the utilities provider’s stock after selling 23,465 shares during the period. Entergy makes up about 2.6% of Godsey & Gibb Inc.’s portfolio, making the stock its 9th biggest holding. Godsey & Gibb Inc.’s holdings in Entergy were worth $28,420,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Entergy by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 57,947,906 shares of the utilities provider’s stock valued at $5,400,165,000 after purchasing an additional 1,488,238 shares during the last quarter. Mizuho Markets Americas LLC purchased a new stake in shares of Entergy in the 3rd quarter valued at approximately $135,396,000. Raymond James Financial Inc. increased its holdings in shares of Entergy by 137.1% during the 3rd quarter. Raymond James Financial Inc. now owns 2,039,644 shares of the utilities provider’s stock worth $190,074,000 after buying an additional 1,179,362 shares during the last quarter. ANTIPODES PARTNERS Ltd purchased a new stake in shares of Entergy during the 3rd quarter valued at approximately $108,005,000. Finally, Electron Capital Partners LLC raised its position in shares of Entergy by 214.6% during the 3rd quarter. Electron Capital Partners LLC now owns 1,539,709 shares of the utilities provider’s stock valued at $143,485,000 after buying an additional 1,050,233 shares during the period. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Entergy Stock Performance

NYSE:ETR opened at $115.52 on Monday. Entergy Corporation has a fifty-two week low of $79.40 and a fifty-two week high of $117.81. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.51 and a current ratio of 0.74. The company has a 50 day moving average price of $107.34 and a 200 day moving average price of $99.26. The stock has a market capitalization of $52.89 billion, a P/E ratio of 29.55, a PEG ratio of 2.28 and a beta of 0.57.

Entergy (NYSE:ETR) last announced its earnings results on Thursday, February 12th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). Entergy had a net margin of 13.66% and a return on equity of 10.89%. The firm had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same period in the previous year, the firm earned $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities research analysts forecast that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 1st will be paid a $0.64 dividend. The ex-dividend date of this dividend is Friday, May 1st. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.2%. Entergy’s payout ratio is presently 65.47%.

Analysts Set New Price Targets

A number of research analysts recently commented on ETR shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a $112.00 price objective on shares of Entergy in a report on Friday, January 23rd. Argus lifted their target price on Entergy from $100.00 to $118.00 and gave the company a “buy” rating in a research report on Monday, April 6th. Barclays upped their price target on Entergy from $96.00 to $118.00 and gave the company an “overweight” rating in a research note on Monday, March 30th. Wall Street Zen cut Entergy from a “sell” rating to a “strong sell” rating in a report on Saturday. Finally, Morgan Stanley set a $98.00 price objective on Entergy in a research report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.67.

Insider Activity

In related news, EVP John C. Dinelli sold 5,372 shares of the stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $103.95, for a total transaction of $558,419.40. Following the transaction, the executive vice president owned 23,609 shares of the company’s stock, valued at approximately $2,454,155.55. This represents a 18.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.21% of the company’s stock.

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.