Zacks Research Issues Negative Estimate for Entergy Earnings

Entergy Corporation (NYSE:ETR) – Analysts at Zacks Research cut their FY2024 earnings estimates for Entergy in a note issued to investors on Thursday, November 21st. Zacks Research analyst R. Department now expects that the utilities provider will post earnings of $7.20 per share for the year, down from their previous forecast 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.

Several other equities research analysts also recently weighed in on the stock. Wells Fargo & Company increased their target price on shares of Entergy from $137.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Bank of America cut Entergy from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $138.00 to $154.00 in a research report on Monday, November 4th. Scotiabank lifted their price target on Entergy from $119.00 to $144.00 and gave the company a “sector perform” rating in a research note on Friday, November 1st. UBS Group upped their target price on shares of Entergy from $143.00 to $144.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Finally, BMO Capital Markets lowered their price objective on shares of Entergy from $166.00 to $159.00 and set an “outperform” rating on the stock in a research note on Monday, November 18th. Five 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 stock. According to data from MarketBeat.com, Entergy has a consensus rating of “Moderate Buy” and a consensus price target of $150.42.

Entergy Price Performance

Entergy stock opened at $152.54 on Monday. The stock has a market cap of $32.71 billion, a P/E ratio of 18.58, a price-to-earnings-growth ratio of 2.52 and a beta of 0.71. The company has a fifty day simple moving average of $138.22 and a 200-day simple moving average of $121.94. The company has a current ratio of 0.89, a quick ratio of 0.59 and a debt-to-equity ratio of 1.77. Entergy has a 12-month low of $96.15 and a 12-month high of $156.85.

Shares of Entergy are going to split on Friday, December 13th. The 2-1 split was announced on Thursday, October 31st. The newly minted 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, beating analysts’ consensus estimates of $2.91 by $0.08. Entergy had a return on equity of 9.53% and a net margin of 14.83%. The company had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.46 billion. During the same quarter last year, the company earned $3.27 EPS.

Entergy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 13th will be paid a dividend of $1.20 per share. The ex-dividend date is Wednesday, November 13th. This is a boost from Entergy’s previous quarterly dividend of $1.13. This represents a $4.80 annualized dividend and a yield of 3.15%. Entergy’s dividend payout ratio (DPR) is 58.47%.

Insider Activity

In other Entergy news, insider Haley Fisackerly sold 4,134 shares of Entergy stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $149.03, for a total transaction of $616,090.02. Following the transaction, the insider now owns 2,016 shares of the company’s stock, valued at $300,444.48. The trade was a 67.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Andrew S. Marsh sold 600 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $120.03, for a total transaction of $72,018.00. Following the completion of the sale, the chief executive officer now owns 150,731 shares of the company’s stock, valued at approximately $18,092,241.93. The trade was a 0.40 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 40,472 shares of company stock valued at $5,076,328. Company insiders own 0.54% of the company’s stock.

Institutional Trading of Entergy

Several large investors have recently made changes to their positions in the stock. Thrivent Financial for Lutherans increased its position in Entergy by 21.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 986,546 shares of the utilities provider’s stock worth $129,840,000 after buying an additional 174,093 shares during the period. Cetera Advisors LLC lifted its holdings in shares of Entergy by 145.2% during the 1st quarter. Cetera Advisors LLC now owns 24,136 shares of the utilities provider’s stock worth $2,551,000 after acquiring an additional 14,293 shares during the period. Ausbil Investment Management Ltd boosted its position in shares of Entergy by 11.4% during the 3rd quarter. Ausbil Investment Management Ltd now owns 97,218 shares of the utilities provider’s stock valued at $12,795,000 after acquiring an additional 9,986 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its position in Entergy by 19.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 28,498 shares of the utilities provider’s stock worth $3,049,000 after purchasing an additional 4,616 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in Entergy by 4.0% in the third quarter. Principal Financial Group Inc. now owns 280,262 shares of the utilities provider’s stock valued at $36,885,000 after acquiring an additional 10,697 shares during the period. Institutional investors own 88.07% of the company’s stock.

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.