FY2028 EPS Estimates for Entergy Boosted by Seaport Res Ptn

Entergy Corporation (NYSE:ETR) – Equities research analysts at Seaport Res Ptn raised their FY2028 earnings estimates for shares of Entergy in a report issued on Monday, January 6th. Seaport Res Ptn analyst A. Storozynski now expects that the utilities provider will post earnings per share of $5.23 for the year, up from their prior estimate of $4.75. The consensus estimate for Entergy’s current full-year earnings is $3.61 per share.

A number of other research analysts have also recently issued reports on the company. Morgan Stanley raised Entergy from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $58.00 to $75.00 in a report on Monday, November 4th. Wells Fargo & Company lifted their price target on shares of Entergy from $68.50 to $85.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Scotiabank decreased their price objective on shares of Entergy from $165.00 to $82.00 and set a “sector perform” rating on the stock in a research note on Tuesday. Bank of America cut shares of Entergy from a “buy” rating to a “neutral” rating and lifted their target price for the company from $69.00 to $77.00 in a research note on Monday, November 4th. Finally, StockNews.com upgraded Entergy from a “sell” rating to a “hold” rating in a research report on Sunday, December 29th. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $77.37.

Entergy Price Performance

Entergy stock opened at $76.69 on Wednesday. The business has a 50 day simple moving average of $75.25 and a 200 day simple moving average of $65.62. Entergy has a one year low of $48.08 and a one year high of $79.04. The company has a market capitalization of $32.89 billion, a PE ratio of 18.68, a price-to-earnings-growth ratio of 2.48 and a beta of 0.71. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.89 and a quick ratio of 0.59.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Thursday, October 31st. The utilities provider reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.04. The firm 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 quarter last year, the company earned $1.64 earnings per share.

Entergy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Wednesday, November 13th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend was Wednesday, November 13th. Entergy’s dividend payout ratio (DPR) is presently 58.39%.

Insider Transactions at Entergy

In other news, insider Deanna D. Rodriguez sold 6,088 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $73.94, for a total value of $450,146.72. Following the completion of the sale, the insider now directly owns 3,952 shares of the company’s stock, valued at $292,210.88. This represents a 60.64 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Eliecer Viamontes sold 400 shares of Entergy stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $73.50, for a total transaction of $29,400.00. Following the transaction, the insider now directly owns 8,346 shares in the company, valued at $613,431. The trade was 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 worth $1,095,637 in the last quarter. 0.39% of the stock is owned by company insiders.

Institutional Investors Weigh In On Entergy

A number of hedge funds have recently modified their holdings of the business. Legacy Investment Solutions LLC bought a new position in shares of Entergy during the 3rd quarter worth approximately $27,000. Cetera Trust Company N.A acquired a new position in Entergy in the 3rd quarter valued at about $29,000. Fortitude Family Office LLC increased its stake in shares of Entergy by 423.8% during the third quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 178 shares during the period. Coastline Trust Co acquired a new stake in shares of Entergy during the third quarter worth $31,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in Entergy in the 2nd quarter valued at about $42,000. Institutional investors and hedge funds 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.