Zacks Research Decreases Earnings Estimates for Entergy

Entergy Corporation (NYSE:ETR) – Investment analysts at Zacks Research reduced their FY2024 EPS estimates for Entergy in a research report issued to clients and investors on Thursday, November 21st. Zacks Research analyst R. Department now anticipates that the utilities provider will earn $7.20 per share for the year, down from their previous estimate of $7.21. The consensus estimate for Entergy’s current full-year earnings is $7.22 per share. Zacks Research also issued estimates for Entergy’s Q4 2024 earnings at $1.21 EPS, Q1 2025 earnings at $1.29 EPS, Q2 2025 earnings at $1.47 EPS, Q3 2025 earnings at $3.10 EPS, FY2025 earnings at $7.72 EPS, Q1 2026 earnings at $1.63 EPS and Q3 2026 earnings at $2.99 EPS.

Other equities analysts also recently issued reports about the stock. Argus upgraded shares of Entergy to a “strong-buy” rating in a report on Wednesday, August 28th. Barclays upped their price objective on shares of Entergy from $137.00 to $152.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Wells Fargo & Company upped their price objective on shares of Entergy from $137.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, November 1st. StockNews.com upgraded shares of Entergy from a “sell” rating to a “hold” rating in a report on Saturday, November 9th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Entergy from $131.00 to $141.00 and gave the company an “overweight” rating in a report on Monday, August 12th. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $150.42.

Entergy Stock Performance

NYSE ETR opened at $155.94 on Monday. The company has a current ratio of 0.89, a quick ratio of 0.59 and a debt-to-equity ratio of 1.77. The firm’s fifty day moving average price is $138.76 and its two-hundred day moving average price is $122.25. Entergy has a 1 year low of $96.15 and a 1 year high of $156.85. The firm has a market capitalization of $33.43 billion, a P/E ratio of 18.99, a price-to-earnings-growth ratio of 2.52 and a beta of 0.71.

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

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Peapack Gladstone Financial Corp lifted its holdings in shares of Entergy by 181.5% in the third quarter. Peapack Gladstone Financial Corp now owns 14,310 shares of the utilities provider’s stock worth $1,884,000 after acquiring an additional 9,227 shares during the last quarter. Synovus Financial Corp lifted its holdings in shares of Entergy by 78.3% in the third quarter. Synovus Financial Corp now owns 4,269 shares of the utilities provider’s stock worth $562,000 after acquiring an additional 1,875 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Entergy in the third quarter worth about $175,000. Sanctuary Advisors LLC lifted its holdings in shares of Entergy by 32.9% in 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 during the last quarter. Finally, Soltis Investment Advisors LLC lifted its holdings in shares of Entergy by 1.2% in the third quarter. Soltis Investment Advisors LLC now owns 63,514 shares of the utilities provider’s stock worth $8,359,000 after acquiring an additional 772 shares during the last quarter. Institutional investors own 88.07% of the company’s stock.

Insider Activity at Entergy

In other Entergy news, insider Haley Fisackerly sold 4,134 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $149.03, for a total transaction of $616,090.02. Following the sale, the insider now directly owns 2,016 shares in the company, valued at $300,444.48. This represents a 67.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Eliecer Viamontes sold 5,166 shares of the stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $120.00, for a total transaction of $619,920.00. Following the sale, the insider now owns 5,117 shares in the company, valued at $614,040. The trade was a 50.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,872 shares of company stock worth $5,004,310. Corporate insiders own 0.39% of the company’s stock.

Entergy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 13th will be paid a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This is an increase from Entergy’s previous quarterly dividend of $1.13. This represents a $4.80 annualized dividend and a dividend yield of 3.08%. Entergy’s dividend payout ratio is 58.47%.

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.