Brokers Issue Forecasts for Entergy’s Q4 Earnings (NYSE:ETR)

Entergy Corporation (NYSE:ETR) – Stock analysts at Zacks Research upped their Q4 2024 earnings estimates for shares of Entergy in a research report issued to clients and investors on Thursday, December 5th. Zacks Research analyst R. Department now anticipates that the utilities provider will earn $1.22 per share for the quarter, up from their previous estimate of $1.21. The consensus estimate for Entergy’s current full-year earnings is $7.22 per share. Zacks Research also issued estimates for Entergy’s Q1 2025 earnings at $1.31 EPS, Q2 2025 earnings at $1.39 EPS, Q3 2025 earnings at $3.14 EPS, Q4 2025 earnings at $1.88 EPS, Q1 2026 earnings at $1.62 EPS, Q3 2026 earnings at $3.00 EPS and FY2026 earnings at $8.41 EPS.

Entergy (NYSE:ETR) last released its quarterly earnings results on Thursday, October 31st. The utilities provider reported $2.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.91 by $0.08. The company had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.46 billion. Entergy had a net margin of 14.83% and a return on equity of 9.53%. During the same period in the prior year, the company earned $3.27 earnings per share.

Other equities analysts have also recently issued reports about the stock. Mizuho upped their target price on shares of Entergy from $138.00 to $165.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Argus raised shares of Entergy to a “strong-buy” rating in a research report on Wednesday, August 28th. Bank of America downgraded Entergy from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $138.00 to $154.00 in a research report on Monday, November 4th. Barclays upped their price target on Entergy from $137.00 to $152.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Finally, Royal Bank of Canada lifted their price objective on Entergy from $137.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $153.19.

Entergy Price Performance

Shares of NYSE:ETR opened at $151.56 on Monday. The company has a quick ratio of 0.59, a current ratio of 0.89 and a debt-to-equity ratio of 1.77. The business has a 50 day moving average price of $142.65 and a 200 day moving average price of $124.56. The company has a market cap of $32.50 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 2.53 and a beta of 0.71. Entergy has a twelve month low of $96.15 and a twelve month high of $158.07.

Entergy’s stock is set to split before the market opens on Friday, December 13th. The 2-1 split was announced on Thursday, October 31st. The newly created shares will be distributed to shareholders after the market closes on Thursday, December 12th.

Entergy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Wednesday, November 13th were given a dividend of $1.20 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.17%. This is a boost from Entergy’s previous quarterly dividend of $1.13. Entergy’s dividend payout ratio (DPR) is 58.47%.

Insider Activity at Entergy

In other news, insider Eliecer Viamontes sold 200 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $147.00, for a total transaction of $29,400.00. Following the transaction, the insider now directly owns 4,173 shares in the company, valued at approximately $613,431. This represents a 4.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Peter S. Norgeot, Jr. sold 7,922 shares of Entergy stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $130.00, for a total value of $1,029,860.00. Following the completion of the sale, the chief operating officer now directly owns 34,993 shares of the company’s stock, valued at $4,549,090. This trade represents a 18.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,256 shares of company stock valued at $1,675,350 in the last ninety days. Insiders own 0.39% of the company’s stock.

Institutional Trading of Entergy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Franklin Resources Inc. boosted its position in shares of Entergy by 53.0% in the 3rd quarter. Franklin Resources Inc. now owns 5,718,859 shares of the utilities provider’s stock worth $754,318,000 after purchasing an additional 1,981,611 shares during the last quarter. Peapack Gladstone Financial Corp grew its holdings in Entergy by 181.5% during the third quarter. Peapack Gladstone Financial Corp now owns 14,310 shares of the utilities provider’s stock valued at $1,884,000 after purchasing an additional 9,227 shares during the period. Synovus Financial Corp increased its stake in Entergy by 78.3% in the third quarter. Synovus Financial Corp now owns 4,269 shares of the utilities provider’s stock valued at $562,000 after purchasing an additional 1,875 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Entergy in the third quarter worth $175,000. Finally, Sanctuary Advisors LLC lifted its holdings in Entergy by 32.9% during the third quarter. Sanctuary Advisors LLC now owns 48,362 shares of the utilities provider’s stock worth $6,365,000 after acquiring an additional 11,964 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

Entergy Company Profile

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.