Entergy Corporation (NYSE:ETR – Free Report) – Stock analysts at Scotiabank increased their FY2026 earnings per share estimates for Entergy in a research note issued to investors on Wednesday, March 19th. Scotiabank analyst A. Weisel now expects that the utilities provider will post earnings per share of $4.38 for the year, up from their previous forecast of $4.29. Scotiabank currently has a “Sector Perform” rating and a $82.00 target price on the stock. The consensus estimate for Entergy’s current full-year earnings is $3.88 per share.
Entergy (NYSE:ETR – Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same period last year, the company earned $0.26 EPS.
Check Out Our Latest Stock Report on Entergy
Entergy Price Performance
Entergy stock opened at $83.74 on Friday. Entergy has a 1 year low of $50.19 and a 1 year high of $88.38. 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 firm has a 50 day moving average price of $82.90 and a 200 day moving average price of $74.96. The company has a market cap of $36.04 billion, a price-to-earnings ratio of 34.39, a PEG ratio of 2.34 and a beta of 0.68.
Entergy Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 10th were given a $0.60 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.40 dividend on an annualized basis and a yield of 2.87%. Entergy’s payout ratio is currently 98.77%.
Institutional Trading of Entergy
Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in Entergy by 101.9% during the 4th 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 valued at $1,334,034,000 after buying an additional 10,347,926 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Entergy by 71.4% during the fourth 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 in the last quarter. FMR LLC increased its stake in shares of Entergy by 90.7% in the fourth quarter. FMR LLC now owns 12,612,407 shares of the utilities provider’s stock worth $956,273,000 after buying an additional 5,998,760 shares during the last quarter. Finally, State Street Corp raised its holdings in 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. 88.07% of the stock is owned by hedge funds and other institutional investors.
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.
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