Lombard Odier Asset Management Switzerland SA Sells 68,200 Shares of Entergy Corporation $ETR

Lombard Odier Asset Management Switzerland SA reduced its position in Entergy Corporation (NYSE:ETR) by 55.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 54,732 shares of the utilities provider’s stock after selling 68,200 shares during the quarter. Lombard Odier Asset Management Switzerland SA’s holdings in Entergy were worth $5,059,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. United Community Bank raised its holdings in shares of Entergy by 806.7% in the 4th quarter. United Community Bank now owns 272 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 242 shares during the last quarter. Washington Trust Advisors Inc. raised its holdings in shares of Entergy by 119.4% in the 4th quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 154 shares during the last quarter. Valley National Advisers Inc. raised its holdings in shares of Entergy by 306.0% in the 4th quarter. Valley National Advisers Inc. now owns 341 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 257 shares during the last quarter. Sarver Vrooman Wealth Advisors acquired a new stake in shares of Entergy in the 4th quarter worth about $37,000. Finally, JFS Wealth Advisors LLC raised its position in Entergy by 46.1% in the 3rd quarter. JFS Wealth Advisors LLC now owns 412 shares of the utilities provider’s stock valued at $38,000 after buying an additional 130 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Haley Fisackerly sold 10,638 shares of the firm’s 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 owned 14,182 shares in the company, valued at $1,560,020. This trade represents a 42.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at 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.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ETR shares. Evercore set a $123.00 price target on Entergy in a research report on Wednesday, June 10th. Weiss Ratings raised Entergy from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, May 14th. BMO Capital Markets set a $123.00 price target on Entergy in a research report on Wednesday, June 10th. Argus increased their price objective on shares of Entergy from $100.00 to $118.00 and gave the company a “buy” rating in a research note on Monday, April 6th. Finally, Seaport Research Partners cut shares of Entergy from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. Seventeen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $119.68.

Entergy Trading Up 1.3%

NYSE ETR opened at $112.47 on Wednesday. The stock has a market capitalization of $51.50 billion, a price-to-earnings ratio of 28.69, a PEG ratio of 1.90 and a beta of 0.50. Entergy Corporation has a one year low of $80.11 and a one year high of $118.44. 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 business’s fifty day moving average is $112.33 and its 200-day moving average is $103.69.

Entergy (NYSE:ETR) last released its earnings results on Wednesday, April 29th. The utilities provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. The company had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $2.89 billion. Entergy had a return on equity of 10.75% and a net margin of 13.48%.During the same period in the previous year, the business posted $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Equities research analysts predict that Entergy Corporation will post 4.4 EPS for the current year.

Entergy Announces Dividend

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

About Entergy

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.