Zacks Research Analysts Lift Earnings Estimates for Entergy Co. (NYSE:ETR)

Entergy Co. (NYSE:ETR) – Equities researchers at Zacks Research boosted their Q4 2024 earnings estimates for shares of Entergy in a note issued to investors on Wednesday, September 11th. Zacks Research analyst R. Department now anticipates that the utilities provider will post earnings per share of $1.10 for the quarter, up from their previous estimate of $1.07. The consensus estimate for Entergy’s current full-year earnings is $7.22 per share. Zacks Research also issued estimates for Entergy’s Q3 2025 earnings at $2.79 EPS and FY2026 earnings at $8.28 EPS.

Entergy (NYSE:ETR) last released its earnings results on Thursday, August 1st. The utilities provider reported $1.92 EPS for the quarter, topping the consensus estimate of $1.76 by $0.16. Entergy had a net margin of 14.75% and a return on equity of 10.10%. The company had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter last year, the business earned $1.84 EPS.

Other analysts have also recently issued research reports about the stock. Wells Fargo & Company raised their target price on shares of Entergy from $125.00 to $137.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Bank of America raised their target price on shares of Entergy from $135.00 to $138.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. LADENBURG THALM/SH SH reiterated a “neutral” rating and issued a $109.50 price objective (down previously from $117.00) on shares of Entergy in a research note on Wednesday, June 12th. Mizuho raised their price objective on shares of Entergy from $107.00 to $114.00 and gave the company a “buy” rating in a research note on Friday, May 31st. Finally, Scotiabank raised their price objective on shares of Entergy from $115.00 to $119.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $125.35.

Entergy Stock Up 0.5 %

ETR stock opened at $129.08 on Monday. Entergy has a one year low of $87.10 and a one year high of $129.66. The stock has a market capitalization of $27.56 billion, a PE ratio of 12.95, a price-to-earnings-growth ratio of 2.31 and a beta of 0.73. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.62 and a current ratio of 0.94. The company has a fifty day moving average of $117.28 and a 200-day moving average of $110.37.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 13th were issued a dividend of $1.13 per share. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.50%. Entergy’s dividend payout ratio (DPR) is presently 45.34%.

Insider Transactions at Entergy

In other news, CEO Andrew S. Marsh sold 3,200 shares of Entergy stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $121.46, for a total transaction of $388,672.00. Following the completion of the sale, the chief executive officer now directly owns 150,731 shares in the company, valued at $18,307,787.26. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Andrew S. Marsh sold 3,200 shares of Entergy stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $121.46, for a total transaction of $388,672.00. Following the completion of the sale, the chief executive officer now directly owns 150,731 shares in the company, valued at $18,307,787.26. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Peter S. Norgeot, Jr. sold 3,250 shares of Entergy stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $122.56, for a total transaction of $398,320.00. Following the sale, the chief operating officer now owns 34,993 shares of the company’s stock, valued at $4,288,742.08. The disclosure for this sale can be found here. Insiders sold a total of 42,888 shares of company stock worth $5,110,766 over the last ninety days. 0.39% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Entergy

A number of institutional investors have recently bought and sold shares of ETR. Tidemark LLC purchased a new stake in Entergy in the fourth quarter valued at approximately $25,000. Iron Horse Wealth Management LLC purchased a new stake in Entergy in the second quarter valued at approximately $25,000. Heritage Wealth Advisors grew its holdings in Entergy by 2,172.7% in the first quarter. Heritage Wealth Advisors now owns 250 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 239 shares during the period. American National Bank grew its holdings in Entergy by 93.7% in the second quarter. American National Bank now owns 277 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 134 shares during the period. Finally, TruNorth Capital Management LLC purchased a new stake in Entergy in the second quarter valued at approximately $32,000. 88.07% of the stock is currently 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.