Q4 2024 EPS Estimates for Entergy Co. (NYSE:ETR) Increased by Analyst

Entergy Co. (NYSE:ETR – Get Rating) – Investment analysts at Zacks Research increased their Q4 2024 earnings per share estimates for Entergy in a research report issued to clients and investors on Monday, May 22nd. Zacks Research analyst A. Dutta now forecasts that the utilities provider will earn $1.36 per share for the quarter, up from their prior forecast of $1.34. The consensus estimate for Entergy’s current full-year earnings is $6.67 per share.

Several other research firms also recently commented on ETR. Bank of America dropped their price target on shares of Entergy from $119.00 to $107.00 in a research note on Sunday, May 21st. StockNews.com upgraded shares of Entergy from a “sell” rating to a “hold” rating in a research note on Friday, May 19th. TheStreet upgraded shares of Entergy from a “c+” rating to a “b-” rating in a research note on Monday, April 17th. LADENBURG THALM/SH SH initiated coverage on shares of Entergy in a research note on Monday, April 3rd. They set a “buy” rating and a $116.00 target price for the company. Finally, Morgan Stanley boosted their target price on shares of Entergy from $97.00 to $106.00 and gave the stock an “underweight” rating in a research note on Thursday, April 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $119.00.

Entergy Price Performance

NYSE:ETR opened at $97.22 on Thursday. Entergy has a 52 week low of $94.94 and a 52 week high of $122.46. The company has a quick ratio of 0.66, a current ratio of 0.90 and a debt-to-equity ratio of 1.87. The stock has a market capitalization of $20.56 billion, a PE ratio of 17.68, a price-to-earnings-growth ratio of 2.64 and a beta of 0.65. The stock’s 50-day moving average price is $106.06 and its 200-day moving average price is $108.32.

Entergy (NYSE:ETR – Get Rating) last issued its earnings results on Wednesday, April 26th. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.20). The firm had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $2.80 billion. Entergy had a return on equity of 10.34% and a net margin of 8.17%. During the same quarter last year, the business earned $1.32 EPS.

Entergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Thursday, May 4th will be given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.40%. The ex-dividend date is Wednesday, May 3rd. Entergy’s dividend payout ratio is presently 77.82%.

Insiders Place Their Bets

In other news, insider Haley Fisackerly sold 3,890 shares of the company’s stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $108.42, for a total value of $421,753.80. Following the completion of the sale, the insider now directly owns 1,656 shares of the company’s stock, valued at approximately $179,543.52. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Deanna D. Rodriguez sold 300 shares of the company’s stock in a transaction on Thursday, March 9th. The shares were sold at an average price of $103.96, for a total transaction of $31,188.00. Following the completion of the sale, the insider now directly owns 3,269 shares of the company’s stock, valued at approximately $339,845.24. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Haley Fisackerly sold 3,890 shares of the stock in a transaction on Monday, February 27th. The shares were sold at an average price of $108.42, for a total transaction of $421,753.80. Following the completion of the sale, the insider now directly owns 1,656 shares of the company’s stock, valued at $179,543.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,903 shares of company stock worth $1,801,305. Insiders own 0.39% of the company’s stock.

Institutional Trading of Entergy

A number of hedge funds and other institutional investors have recently made changes to their positions in ETR. Lindbrook Capital LLC increased its stake in shares of Entergy by 75.2% in the fourth quarter. Lindbrook Capital LLC now owns 233 shares of the utilities provider’s stock valued at $26,000 after buying an additional 100 shares during the period. Financial Management Professionals Inc. raised its stake in shares of Entergy by 1,019.0% during the 1st quarter. Financial Management Professionals Inc. now owns 235 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 214 shares during the period. Trust Co. of Vermont bought a new stake in shares of Entergy during the 1st quarter worth $26,000. Fairfield Bush & CO. bought a new stake in Entergy in the 1st quarter valued at about $29,000. Finally, Dark Forest Capital Management LP raised its stake in Entergy by 1,618.8% in the 4th quarter. Dark Forest Capital Management LP now owns 275 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 259 shares during the period. 89.98% of the stock is currently owned by institutional investors and hedge funds.

About Entergy

(Get Rating)

Entergy Corp. is a holding company, which engages in electric power generation and distribution. It operates through the following segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution, and sale of electric power and the operations of a natural gas distribution business.