FY2028 EPS Estimates for Entergy Increased by Analyst

Entergy Corporation (NYSE:ETR - Free Report) - Investment analysts at Seaport Res Ptn increased their FY2028 earnings per share estimates for Entergy in a report released on Monday, January 6th. Seaport Res Ptn analyst A. Storozynski now expects that the utilities provider will earn $5.23 per share for the year, up from their previous estimate of $4.75. The consensus estimate for Entergy's current full-year earnings is $3.61 per share.

Several other research analysts have also weighed in on the company. Bank of America lowered Entergy from a "buy" rating to a "neutral" rating and lifted their price objective for the stock from $69.00 to $77.00 in a research report on Monday, November 4th. Barclays boosted their price target on Entergy from $68.50 to $76.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. Mizuho raised their price objective on shares of Entergy from $69.00 to $82.50 and gave the stock an "outperform" rating in a research report on Monday, November 4th. Wells Fargo & Company boosted their target price on shares of Entergy from $68.50 to $85.00 and gave the company an "overweight" rating in a research report on Friday, November 1st. Finally, Royal Bank of Canada raised their price target on shares of Entergy from $68.50 to $70.00 and gave the stock an "outperform" rating in a report on Monday, October 14th. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $77.37.

Entergy Trading Up 1.0 %

ETR stock traded up $0.73 during midday trading on Wednesday, hitting $76.69. The stock had a trading volume of 3,373,319 shares, compared to its average volume of 2,890,974. 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 has a market cap of $32.89 billion, a P/E ratio of 18.68, a price-to-earnings-growth ratio of 2.48 and a beta of 0.71. The business has a fifty day moving average price of $75.25 and a two-hundred day moving average price of $65.62. Entergy has a 1-year low of $48.08 and a 1-year high of $79.04.

Entergy (NYSE:ETR - Get Free Report) last released its earnings results on Thursday, October 31st. The utilities provider reported $1.50 earnings per share for the quarter, beating analysts' consensus estimates of $1.46 by $0.04. Entergy had a net margin of 14.83% and a return on equity of 9.53%. The business had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.46 billion. During the same quarter in the prior year, the firm posted $1.64 EPS.

Hedge Funds Weigh In On Entergy

Institutional investors have recently modified their holdings of the business. OneDigital Investment Advisors LLC boosted its position in Entergy by 2.1% in the third quarter. OneDigital Investment Advisors LLC now owns 3,427 shares of the utilities provider's stock worth $451,000 after purchasing an additional 69 shares during the last quarter. Acropolis Investment Management LLC raised its stake in shares of Entergy by 0.8% during the 3rd quarter. Acropolis Investment Management LLC now owns 8,836 shares of the utilities provider's stock worth $1,163,000 after purchasing an additional 69 shares during the period. Great Valley Advisor Group Inc. boosted its holdings in shares of Entergy by 0.9% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 8,087 shares of the utilities provider's stock worth $1,065,000 after buying an additional 74 shares during the last quarter. Bank & Trust Co grew its position in Entergy by 12.8% during the third quarter. Bank & Trust Co now owns 795 shares of the utilities provider's stock valued at $105,000 after buying an additional 90 shares during the period. Finally, Prossimo Advisors LLC increased its holdings in Entergy by 1.5% during the third quarter. Prossimo Advisors LLC now owns 5,971 shares of the utilities provider's stock worth $786,000 after buying an additional 90 shares during the last quarter. 88.07% of the stock is owned by institutional investors.

Insider Transactions at Entergy

In other Entergy news, insider Haley Fisackerly sold 8,268 shares of the company's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $74.52, for a total value of $616,090.02. Following the completion of the sale, the insider now directly owns 4,032 shares of the company's stock, valued at approximately $300,444.48. This represents a 67.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Eliecer Viamontes sold 400 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $73.50, for a total transaction of $29,400.00. Following the completion of the sale, the insider now owns 8,346 shares of the company's stock, valued at approximately $613,431. This trade represents a 4.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,756 shares of company stock valued at $1,095,637 over the last ninety days. 0.39% of the stock is currently owned by insiders.

Entergy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Wednesday, November 13th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date was Wednesday, November 13th. Entergy's dividend payout ratio is currently 58.39%.

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.