Zacks Research Issues Negative Outlook for Entergy Earnings

Entergy Corporation (NYSE:ETR) – Investment analysts at Zacks Research dropped their FY2024 earnings estimates for shares of Entergy in a report released 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 $7.21 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.

Entergy (NYSE:ETR) last issued its earnings results on Thursday, October 31st. The utilities provider reported $2.99 EPS for the quarter, beating the consensus estimate of $2.91 by $0.08. Entergy had a net margin of 14.83% and a return on equity of 9.53%. The company had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.46 billion. During the same period in the previous year, the company earned $3.27 EPS.

A number of other brokerages have also weighed in on ETR. BMO Capital Markets reduced their price objective on Entergy from $166.00 to $159.00 and set an “outperform” rating on the stock in a research report on Monday, November 18th. KeyCorp upped their price objective on Entergy from $143.00 to $162.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. StockNews.com upgraded shares of Entergy from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. Barclays upped their price target on shares of Entergy from $137.00 to $152.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Finally, UBS Group lifted their price target on shares of Entergy from $143.00 to $144.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $150.42.

Entergy Stock Down 0.3 %

Shares of NYSE ETR opened at $151.06 on Monday. The company has a market cap of $32.39 billion, a price-to-earnings ratio of 18.40, a PEG ratio of 2.53 and a beta of 0.71. 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. The stock has a 50-day moving average price of $137.74 and a two-hundred day moving average price of $121.65.

Hedge Funds Weigh In On Entergy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ETR. Soltis Investment Advisors LLC lifted its holdings in Entergy by 1.2% during the 3rd quarter. Soltis Investment Advisors LLC now owns 63,514 shares of the utilities provider’s stock worth $8,359,000 after purchasing an additional 772 shares in the last quarter. TD Private Client Wealth LLC lifted its holdings in shares of Entergy by 5.6% in the third quarter. TD Private Client Wealth LLC now owns 27,996 shares of the utilities provider’s stock worth $3,685,000 after buying an additional 1,485 shares in the last quarter. Toronto Dominion Bank boosted its position in shares of Entergy by 18.8% in the third quarter. Toronto Dominion Bank now owns 125,742 shares of the utilities provider’s stock valued at $16,549,000 after acquiring an additional 19,867 shares during the period. Coldstream Capital Management Inc. grew its stake in Entergy by 7.8% during the third quarter. Coldstream Capital Management Inc. now owns 5,727 shares of the utilities provider’s stock valued at $761,000 after acquiring an additional 415 shares in the last quarter. Finally, FRG Family Wealth Advisors LLC bought a new stake in Entergy during the 3rd quarter worth approximately $223,000. Institutional investors own 88.07% of the company’s stock.

Insiders Place Their Bets

In related news, insider Haley Fisackerly sold 4,134 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $149.03, for a total transaction of $616,090.02. Following the completion of the sale, the insider now owns 2,016 shares in the company, valued at approximately $300,444.48. This trade represents a 67.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Andrew S. Marsh sold 600 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $120.03, for a total transaction of $72,018.00. Following the transaction, the chief executive officer now directly owns 150,731 shares of the company’s stock, valued at $18,092,241.93. This represents a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 40,472 shares of company stock valued at $5,076,328 in the last 90 days. 0.39% of the stock is currently owned by corporate insiders.

Entergy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 13th will be given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 3.18%. This is an increase from Entergy’s previous quarterly dividend of $1.13. The ex-dividend date of this dividend is Wednesday, November 13th. Entergy’s dividend payout ratio is presently 58.47%.

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.