Entergy Corporation (NYSE:ETR) is Godsey & Gibb Inc.'s 4th Largest Position

Godsey & Gibb Inc. decreased its stake in shares of Entergy Corporation (NYSE:ETR - Free Report) by 2.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 346,968 shares of the utilities provider's stock after selling 8,845 shares during the quarter. Entergy comprises approximately 2.9% of Godsey & Gibb Inc.'s investment portfolio, making the stock its 4th largest holding. Godsey & Gibb Inc. owned about 0.08% of Entergy worth $29,662,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Gen Wealth Partners Inc grew its position in shares of Entergy by 27.5% during the 4th quarter. Gen Wealth Partners Inc now owns 668 shares of the utilities provider's stock worth $51,000 after buying an additional 144 shares during the period. NBT Bank N A NY grew its position in Entergy by 100.0% in the 4th quarter. NBT Bank N A NY now owns 340 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 170 shares during the period. Fortis Group Advisors LLC grew its position in Entergy by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 344 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 172 shares during the period. Legacy Investment Solutions LLC grew its position in Entergy by 85.1% in the 4th quarter. Legacy Investment Solutions LLC now owns 374 shares of the utilities provider's stock valued at $31,000 after purchasing an additional 172 shares during the period. Finally, Duncker Streett & Co. Inc. grew its position in Entergy by 100.0% in the 4th quarter. Duncker Streett & Co. Inc. now owns 358 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 179 shares during the period. Institutional investors and hedge funds own 88.07% of the company's stock.

Entergy Stock Performance

ETR stock traded up $0.31 during trading on Friday, reaching $82.11. The stock had a trading volume of 2,381,510 shares, compared to its average volume of 3,619,345. Entergy Corporation has a 52 week low of $52.07 and a 52 week high of $88.38. The stock's 50 day moving average is $82.54 and its two-hundred day moving average is $80.98. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81. The firm has a market cap of $35.37 billion, a PE ratio of 33.72, a PEG ratio of 2.34 and a beta of 0.59.

Entergy (NYSE:ETR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $0.82 EPS for the quarter, topping the consensus estimate of $0.60 by $0.22. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The firm had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter last year, the company earned $0.54 earnings per share. As a group, equities analysts anticipate that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 2nd were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend was Friday, May 2nd. Entergy's dividend payout ratio is currently 77.92%.

Wall Street Analysts Forecast Growth

ETR has been the topic of several recent analyst reports. Evercore ISI raised their price objective on Entergy from $75.00 to $86.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. UBS Group lifted their price objective on shares of Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a report on Friday, March 21st. Morgan Stanley reaffirmed an "overweight" rating on shares of Entergy in a report on Wednesday, April 23rd. Barclays lifted their price objective on shares of Entergy from $88.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Finally, KeyCorp raised shares of Entergy from a "sector weight" rating to an "overweight" rating and set a $85.00 price objective on the stock in a report on Wednesday, May 14th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Entergy currently has an average rating of "Moderate Buy" and an average target price of $86.04.

Entergy Company Profile

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.