Scotiabank Has Positive Estimate for Entergy FY2026 Earnings

Entergy Corporation (NYSE:ETR - Free Report) - Equities research analysts at Scotiabank boosted their FY2026 earnings per share (EPS) estimates for shares of Entergy in a note issued to investors on Wednesday, March 19th. Scotiabank analyst A. Weisel now expects that the utilities provider will earn $4.38 per share for the year, up from their previous forecast of $4.29. Scotiabank has a "Sector Perform" rating and a $82.00 price objective on the stock. The consensus estimate for Entergy's current full-year earnings is $3.88 per share.

Several other research firms have also recently weighed in on ETR. JPMorgan Chase & Co. raised their price objective on shares of Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. UBS Group upped their price objective on Entergy from $86.00 to $96.00 and gave the stock a "buy" rating in a report on Friday. BMO Capital Markets raised their price target on Entergy from $79.00 to $94.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. StockNews.com raised shares of Entergy from a "sell" rating to a "hold" rating in a research note on Sunday, December 29th. Finally, Morgan Stanley raised their price objective on shares of Entergy from $75.00 to $78.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $84.75.

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Entergy Price Performance

Shares of NYSE ETR traded down $1.09 during mid-day trading on Friday, hitting $82.92. 4,658,302 shares of the stock were exchanged, compared to its average volume of 3,341,112. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72. The company has a market cap of $35.72 billion, a P/E ratio of 34.05, a PEG ratio of 2.34 and a beta of 0.68. The stock's fifty day simple moving average is $83.15 and its two-hundred day simple moving average is $75.47. Entergy has a twelve month low of $50.19 and a twelve month high of $88.38.

Entergy (NYSE:ETR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.03. The company had revenue of $2.74 billion during the quarter, compared to analysts' expectations of $3.24 billion. Entergy had a net margin of 8.90% and a return on equity of 10.68%. During the same quarter in the prior year, the company posted $0.26 EPS.

Hedge Funds Weigh In On Entergy

Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Entergy by 101.9% in the fourth quarter. Vanguard Group Inc. now owns 52,133,646 shares of the utilities provider's stock valued at $3,952,773,000 after purchasing an additional 26,312,267 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Entergy by 142.8% during the 4th quarter. Bank of America Corp DE now owns 17,594,747 shares of the utilities provider's stock worth $1,334,034,000 after acquiring an additional 10,347,926 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Entergy by 71.4% during the 4th quarter. Ameriprise Financial Inc. now owns 12,884,421 shares of the utilities provider's stock worth $976,895,000 after buying an additional 5,368,396 shares during the last quarter. FMR LLC increased its stake in shares of Entergy by 90.7% during the fourth quarter. FMR LLC now owns 12,612,407 shares of the utilities provider's stock worth $956,273,000 after purchasing an additional 5,998,760 shares during the period. Finally, State Street Corp grew its stake in shares of Entergy by 1.1% in the third quarter. State Street Corp now owns 11,408,776 shares of the utilities provider's stock valued at $1,501,509,000 after acquiring an additional 128,667 shares in the last quarter. Institutional investors own 88.07% of the company's stock.

Entergy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were issued a $0.60 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.40 annualized dividend and a dividend yield of 2.89%. Entergy's dividend payout ratio (DPR) is currently 98.77%.

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.