Zacks Research Forecasts Entergy’s Q4 Earnings (NYSE:ETR)

Entergy Corporation (NYSE:ETR) – Research analysts at Zacks Research boosted their Q4 2024 EPS estimates for Entergy in a report released on Thursday, December 5th. Zacks Research analyst R. Department now expects that the utilities provider will earn $1.22 per share for the quarter, up from their prior forecast of $1.21. The consensus estimate for Entergy’s current full-year earnings is $7.22 per share. Zacks Research also issued estimates for Entergy’s Q1 2025 earnings at $1.31 EPS, Q2 2025 earnings at $1.39 EPS, Q3 2025 earnings at $3.14 EPS, Q4 2025 earnings at $1.88 EPS, Q1 2026 earnings at $1.62 EPS, Q3 2026 earnings at $3.00 EPS and FY2026 earnings at $8.41 EPS.

Several other equities research analysts also recently weighed in on the stock. Barclays increased their target price on shares of Entergy from $137.00 to $152.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Morgan Stanley raised shares of Entergy from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $116.00 to $150.00 in a research note on Monday, November 4th. UBS Group upped their target price on Entergy from $144.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. KeyCorp lowered Entergy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Finally, JPMorgan Chase & Co. upped their price objective on Entergy from $131.00 to $141.00 and gave the company an “overweight” rating in a research report on Monday, August 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $153.19.

Entergy Price Performance

Shares of Entergy stock opened at $149.55 on Monday. The stock has a market cap of $32.07 billion, a price-to-earnings ratio of 18.22, a price-to-earnings-growth ratio of 2.53 and a beta of 0.71. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.59 and a current ratio of 0.89. The stock has a 50 day moving average price of $143.01 and a 200-day moving average price of $124.85. Entergy has a one year low of $96.15 and a one year high of $158.07.

Entergy’s stock is set to split on Friday, December 13th. The 2-1 split was announced on Thursday, October 31st. The newly created shares will be issued to shareholders after the market closes on Thursday, December 12th.

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

Entergy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Wednesday, November 13th were issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 3.21%. This is a boost from Entergy’s previous quarterly dividend of $1.13. The ex-dividend date was Wednesday, November 13th. Entergy’s dividend payout ratio is presently 58.47%.

Insider Buying and Selling at Entergy

In related news, insider Haley Fisackerly sold 4,134 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was 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 directly owns 2,016 shares in the company, valued at $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 available through this link. Also, insider Eliecer Viamontes sold 200 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $147.00, for a total value of $29,400.00. Following the sale, the insider now directly owns 4,173 shares in the company, valued at approximately $613,431. The trade was a 4.57 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,256 shares of company stock valued at $1,675,350. Company insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On Entergy

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Czech National Bank boosted its position in shares of Entergy by 9.4% in the 2nd quarter. Czech National Bank now owns 40,691 shares of the utilities provider’s stock worth $4,354,000 after purchasing an additional 3,483 shares in the last quarter. LVW Advisors LLC grew its stake in shares of Entergy by 8.1% during the second quarter. LVW Advisors LLC now owns 2,622 shares of the utilities provider’s stock worth $281,000 after acquiring an additional 197 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Entergy during the second quarter worth about $235,000. Diversified Trust Co purchased a new position in shares of Entergy in the 2nd quarter valued at approximately $3,609,000. Finally, FCG Investment Co purchased a new position in shares of Entergy in the 2nd quarter valued at approximately $1,069,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

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.