Banque Cantonale Vaudoise Boosts Holdings in Entergy Corporation $ETR

Banque Cantonale Vaudoise increased its stake in Entergy Corporation (NYSE:ETR) by 5,355.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,965 shares of the utilities provider’s stock after acquiring 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.

A number of other institutional investors have also recently bought and sold shares of ETR. Apella Capital LLC purchased a new position in shares of Entergy in the 1st quarter worth $226,000. Faithward Advisors LLC purchased a new stake in Entergy during the first quarter valued at about $247,000. Cidel Asset Management Inc. increased its stake in Entergy by 15.8% during the first quarter. Cidel Asset Management Inc. now owns 3,332 shares of the utilities provider’s stock worth $374,000 after acquiring an additional 454 shares during the last quarter. Krilogy Financial LLC acquired a new stake in Entergy during the first quarter worth about $239,000. Finally, Stewardship Advisors LLC purchased a new position in shares of Entergy in the 1st quarter worth about $221,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Entergy Price Performance

ETR stock opened at $115.91 on Friday. The firm has a market cap of $53.07 billion, a P/E ratio of 29.57, a price-to-earnings-growth ratio of 1.98 and a beta of 0.50. 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 1 year low of $80.11 and a 1 year high of $118.44. The stock has a 50-day simple moving average of $111.97 and a 200-day simple moving average of $104.64.

Entergy (NYSE:ETR) last released its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. The firm had revenue of $3.19 billion during 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 quarter in the prior year, the business earned $0.82 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities analysts predict that Entergy Corporation will post 4.4 earnings per share for the current fiscal year.

Entergy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 1st were issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Friday, May 1st. Entergy’s dividend payout ratio (DPR) is presently 65.31%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Wall Street Zen upgraded Entergy from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. Evercore set a $123.00 price target on shares of Entergy in a report on Wednesday, June 10th. Citigroup reaffirmed a “neutral” rating and set a $121.00 price target (up from $116.00) on shares of Entergy in a research report on Tuesday, May 5th. BTIG Research reissued a “buy” rating and issued a $126.00 price objective on shares of Entergy in a research report on Wednesday, June 10th. Finally, Truist Financial set a $127.00 target price on shares of Entergy and gave the company a “buy” rating in a research note on Friday, May 29th. Seventeen 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. Based on data from MarketBeat.com, Entergy has a consensus rating of “Moderate Buy” and an average target price of $119.68.

Insiders Place Their Bets

In related news, insider Haley Fisackerly sold 10,638 shares of Entergy 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 sale, the insider owned 14,182 shares of the company’s stock, valued at $1,560,020. The trade was a 42.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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.