Zacks Research Equities Analysts Lower Earnings Estimates for Entergy Co. (NYSE:ETR)

Entergy Co. (NYSE:ETR) – Zacks Research cut their Q3 2024 EPS estimates for Entergy in a research note issued to investors on Wednesday, September 11th. Zacks Research analyst R. Department now expects that the utilities provider will post earnings of $3.11 per share for the quarter, down from their previous forecast of $3.14. The consensus estimate for Entergy’s current full-year earnings is $7.22 per share. Zacks Research also issued estimates for Entergy’s FY2024 earnings at $7.21 EPS, Q1 2025 earnings at $1.26 EPS, Q2 2025 earnings at $1.94 EPS, Q4 2025 earnings at $1.74 EPS, FY2025 earnings at $7.73 EPS and Q1 2026 earnings at $1.79 EPS.

Several other research firms have also commented on ETR. BMO Capital Markets upped their price target on shares of Entergy from $124.00 to $131.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Argus upgraded shares of Entergy to a “strong-buy” rating in a research report on Wednesday, August 28th. Guggenheim increased their target price on shares of Entergy from $118.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Mizuho increased their target price on shares of Entergy from $107.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, May 31st. Finally, Barclays decreased their target price on shares of Entergy from $116.00 to $115.00 and set an “equal weight” rating for the company in a research report on Monday, July 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Entergy presently has an average rating of “Moderate Buy” and a consensus price target of $123.04.

Entergy Stock Up 2.9 %

Entergy stock opened at $127.09 on Friday. The company has a 50-day simple moving average of $116.32 and a 200-day simple moving average of $109.92. The firm has a market capitalization of $27.18 billion, a P/E ratio of 12.75, a P/E/G ratio of 2.31 and a beta of 0.73. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.62 and a current ratio of 0.94. Entergy has a one year low of $87.10 and a one year high of $127.34.

Entergy (NYSE:ETR) last released its quarterly earnings results on Thursday, August 1st. The utilities provider reported $1.92 EPS for the quarter, topping the consensus estimate of $1.76 by $0.16. The business had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.98 billion. Entergy had a net margin of 14.75% and a return on equity of 10.10%. During the same quarter in the prior year, the firm earned $1.84 earnings per share.

Institutional Trading of Entergy

Several institutional investors have recently made changes to their positions in ETR. Principal Securities Inc. acquired a new stake in shares of Entergy during the fourth quarter worth approximately $137,000. BNP Paribas Financial Markets raised its position in Entergy by 197.5% during the fourth quarter. BNP Paribas Financial Markets now owns 159,722 shares of the utilities provider’s stock valued at $16,162,000 after acquiring an additional 106,039 shares in the last quarter. QRG Capital Management Inc. raised its position in Entergy by 17.4% during the fourth quarter. QRG Capital Management Inc. now owns 10,253 shares of the utilities provider’s stock valued at $1,037,000 after acquiring an additional 1,516 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Entergy by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 739,027 shares of the utilities provider’s stock valued at $74,781,000 after acquiring an additional 3,596 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its position in Entergy by 20.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 32,202 shares of the utilities provider’s stock valued at $3,258,000 after acquiring an additional 5,553 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Entergy

In other Entergy news, CEO Andrew S. Marsh sold 19,200 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $120.35, for a total transaction of $2,310,720.00. Following the completion of the sale, the chief executive officer now directly owns 150,731 shares of the company’s stock, valued at $18,140,475.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Entergy news, CEO Andrew S. Marsh sold 19,200 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $120.35, for a total transaction of $2,310,720.00. Following the completion of the sale, the chief executive officer now directly owns 150,731 shares of the company’s stock, valued at $18,140,475.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Peter S. Norgeot, Jr. sold 3,250 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $122.56, for a total transaction of $398,320.00. Following the completion of the sale, the chief operating officer now directly owns 34,993 shares of the company’s stock, valued at $4,288,742.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,888 shares of company stock valued at $5,110,766. 0.39% of the stock is currently owned by corporate insiders.

Entergy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 13th were paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date of this dividend was Tuesday, August 13th. Entergy’s dividend payout ratio is presently 45.34%.

About Entergy

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.