Godsey & Gibb Inc. Sells 28,954 Shares of Entergy Corporation $ETR

Key Points

• Godsey & Gibb Inc. trimmed its Entergy stake by 9.4% in the first quarter, selling 28,954 shares and leaving it with 278,519 shares valued at about $31.3 million.
• Entergy reported better-than-expected quarterly earnings of $0.86 per share on revenue of $3.19 billion, and it also set FY2026 guidance of 4.25 to 4.45 EPS.
• The utility continues to draw analyst support, with several firms maintaining or raising buy/overweight ratings; the stock's average price target is $119.68, above its recent price around $113.86.

Godsey & Gibb Inc. lessened its position in shares of Entergy Corporation (NYSE:ETR - Free Report) by 9.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 278,519 shares of the utilities provider's stock after selling 28,954 shares during the period. Entergy comprises 2.7% of Godsey & Gibb Inc.'s portfolio, making the stock its 5th largest position. Godsey & Gibb Inc. owned 0.06% of Entergy worth $31,294,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in ETR. United Community Bank lifted its stake in Entergy by 806.7% during the fourth quarter. United Community Bank now owns 272 shares of the utilities provider's stock worth $25,000 after purchasing an additional 242 shares during the last quarter. Washington Trust Advisors Inc. increased its stake in Entergy by 119.4% during the fourth quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 154 shares during the last quarter. Union Savings Bank bought a new stake in Entergy during the fourth quarter valued at $28,000. Valley National Advisers Inc. raised its holdings in shares of Entergy by 306.0% during the fourth quarter. Valley National Advisers Inc. now owns 341 shares of the utilities provider's stock worth $31,000 after purchasing an additional 257 shares during the period. Finally, Sarver Vrooman Wealth Advisors acquired a new stake in shares of Entergy during the fourth quarter worth $37,000. Institutional investors and hedge funds own 88.07% of the company's stock.

Entergy Stock Up 1.5%

Entergy stock opened at $113.86 on Wednesday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.73 and a current ratio of 0.96. Entergy Corporation has a one year low of $80.11 and a one year high of $118.44. The company has a 50-day simple moving average of $111.97 and a 200-day simple moving average of $104.27. The firm has a market capitalization of $52.14 billion, a P/E ratio of 29.05, a P/E/G ratio of 1.92 and a beta of 0.50.

Entergy (NYSE:ETR - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.02. The firm had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $2.89 billion. Entergy had a net margin of 13.48% and a return on equity of 10.75%. During the same period last year, the firm posted $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, equities analysts expect that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders 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 dividend yield of 2.2%. Entergy's payout ratio is currently 65.31%.

Insider Transactions at Entergy

In related news, insider Haley Fisackerly sold 10,638 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was 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 of the company's stock, valued at $1,560,020. This represents a 42.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently commented on ETR shares. Wells Fargo & Company lifted their price target on shares of Entergy from $123.00 to $128.00 and gave the company an "overweight" rating in a report on Thursday, April 30th. BTIG Research reiterated a "buy" rating and set a $126.00 price objective on shares of Entergy in a research note on Wednesday, June 10th. Jefferies Financial Group reissued a "buy" rating on shares of Entergy in a report on Wednesday, June 10th. Wall Street Zen upgraded Entergy from a "strong sell" rating to a "sell" rating in a research note on Saturday, May 2nd. Finally, Barclays lowered their target price on Entergy from $124.00 to $119.00 and set an "overweight" rating for the company in a report on Wednesday, June 3rd. Seventeen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $119.68.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.