Godsey & Gibb Inc. Has $31.29 Million Stock Position in Entergy Corporation $ETR

Godsey & Gibb Inc. decreased its stake in shares of Entergy Corporation (NYSE:ETR) by 9.4% during the 1st quarter, Holdings Channel reports. The institutional investor owned 278,519 shares of the utilities provider’s stock after selling 28,954 shares during the period. Entergy comprises approximately 2.7% of Godsey & Gibb Inc.’s holdings, making the stock its 5th largest position. Godsey & Gibb Inc.’s holdings in Entergy were worth $31,294,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. United Community Bank boosted its holdings in shares of Entergy by 806.7% in the fourth quarter. United Community Bank now owns 272 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 242 shares in the last quarter. Washington Trust Advisors Inc. raised its holdings in Entergy by 119.4% during the fourth quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 154 shares in the last quarter. Union Savings Bank acquired a new stake in Entergy in the fourth quarter worth approximately $28,000. Valley National Advisers Inc. boosted its stake in Entergy by 306.0% during the 4th quarter. Valley National Advisers Inc. now owns 341 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 257 shares in the last quarter. Finally, MV Capital Management Inc. bought a new position in Entergy during the 4th quarter valued at $37,000. 88.07% of the stock is currently owned by institutional investors.

Entergy Stock Performance

ETR opened at $113.86 on Wednesday. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 1.80. The firm has a market cap of $52.14 billion, a PE ratio of 29.05, a P/E/G ratio of 1.92 and a beta of 0.50. The business has a fifty day simple moving average of $111.97 and a 200-day simple moving average of $104.27. Entergy Corporation has a fifty-two week low of $80.11 and a fifty-two week high of $118.44.

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, topping analysts’ consensus estimates of $0.84 by $0.02. Entergy had a return on equity of 10.75% and a net margin of 13.48%.The company had revenue of $3.19 billion for the quarter, compared to analyst estimates of $2.89 billion. During the same period in the previous year, the firm earned $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, equities analysts predict that Entergy Corporation will post 4.4 EPS for the current fiscal year.

Entergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 1st were issued a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 2.2%. The ex-dividend date was Friday, May 1st. Entergy’s payout ratio is presently 65.31%.

Wall Street Analyst Weigh In

ETR has been the topic of a number of research reports. Jefferies Financial Group reissued a “buy” rating on shares of Entergy in a research note on Wednesday, June 10th. JPMorgan Chase & Co. raised their target price on Entergy from $126.00 to $129.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Weiss Ratings raised Entergy from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, May 14th. Morgan Stanley set a $94.00 price target on shares of Entergy in a research report on Thursday, May 21st. Finally, Barclays cut their price target on shares of Entergy from $124.00 to $119.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. Seventeen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Entergy has an average rating of “Moderate Buy” and a consensus price target of $119.68.

Insider Buying and Selling

In other Entergy news, insider Haley Fisackerly sold 10,638 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total value of $1,170,180.00. Following the completion of the transaction, the insider directly owned 14,182 shares in the company, valued at $1,560,020. This trade represents a 42.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.21% of the company’s stock.

Entergy Company 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.