Banque Cantonale Vaudoise Boosts Stock Position in Entergy Corporation $ETR

Banque Cantonale Vaudoise raised its holdings in Entergy Corporation (NYSE:ETR) by 5,355.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,965 shares of the utilities provider’s stock after purchasing an additional 7,819 shares during the period. Banque Cantonale Vaudoise’s holdings in Entergy were worth $895,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Entergy by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 58,537,223 shares of the utilities provider’s stock valued at $5,410,596,000 after acquiring an additional 589,317 shares during the last quarter. State Street Corp increased its position in shares of Entergy by 4.4% in the 4th quarter. State Street Corp now owns 24,356,461 shares of the utilities provider’s stock worth $2,251,268,000 after purchasing an additional 1,018,503 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Entergy by 54.9% in the 4th quarter. JPMorgan Chase & Co. now owns 22,694,994 shares of the utilities provider’s stock worth $2,097,699,000 after purchasing an additional 8,046,287 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Entergy by 2.9% in the 3rd quarter. Bank of America Corp DE now owns 16,034,738 shares of the utilities provider’s stock valued at $1,494,277,000 after purchasing an additional 452,562 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Entergy by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 11,607,806 shares of the utilities provider’s stock worth $1,068,725,000 after purchasing an additional 126,625 shares during the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Truist Financial set a $127.00 price target on Entergy and gave the stock a “buy” rating in a research note on Friday, May 29th. BTIG Research reaffirmed a “buy” rating and set a $126.00 target price on shares of Entergy in a report on Wednesday, June 10th. Evercore set a $123.00 target price on Entergy in a research report on Wednesday, June 10th. UBS Group reiterated a “buy” rating and issued a $135.00 price target (up from $131.00) on shares of Entergy in a report on Thursday, April 30th. Finally, Argus raised their price objective on Entergy from $100.00 to $118.00 and gave the stock a “buy” rating in a research note on Monday, April 6th. Seventeen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Entergy has an average rating of “Moderate Buy” and an average target price of $119.68.

Insiders Place Their Bets

In other news, insider Haley Fisackerly sold 10,638 shares of the business’s stock in a transaction 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 transaction, the insider owned 14,182 shares of the company’s stock, valued at approximately $1,560,020. The trade was a 42.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 corporate insiders.

Entergy Stock Performance

Shares of NYSE ETR opened at $115.91 on Friday. 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’s 50-day moving average price is $111.97 and its two-hundred day moving average price is $104.64. Entergy Corporation has a 52-week low of $80.11 and a 52-week high of $118.44. The stock has a market capitalization of $53.07 billion, a P/E ratio of 29.57, a P/E/G ratio of 1.98 and a beta of 0.50.

Entergy (NYSE:ETR) last posted its earnings results on Wednesday, April 29th. The utilities provider reported $0.86 EPS for the quarter, beating the consensus estimate of $0.84 by $0.02. The company had revenue of $3.19 billion during the quarter, compared to analyst estimates 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 prior year, the company earned $0.82 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, sell-side analysts forecast that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 1st were given a $0.64 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $2.56 annualized dividend and a yield of 2.2%. Entergy’s dividend payout ratio (DPR) is currently 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.