Scotiabank Comments on Entergy’s FY2026 Earnings (NYSE:ETR)

Entergy Corporation (NYSE:ETR) – Scotiabank upped their FY2026 earnings estimates for Entergy in a research note issued to investors on Wednesday, March 19th. Scotiabank analyst A. Weisel now anticipates that the utilities provider will earn $4.38 per share for the year, up from their previous forecast of $4.29. Scotiabank has a “Sector Perform” rating and a $82.00 price target on the stock. The consensus estimate for Entergy’s current full-year earnings is $3.88 per share.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.03. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $3.24 billion. During the same period in the prior year, the company earned $0.26 earnings per share.

Other equities research analysts also recently issued research reports about the company. Morgan Stanley increased their price objective on Entergy from $75.00 to $78.00 and gave the company an “equal weight” rating in a report on Thursday. JPMorgan Chase & Co. boosted their price target on Entergy from $87.00 to $98.00 and gave the company an “overweight” rating in a research note on Tuesday, March 11th. UBS Group raised their target price on shares of Entergy from $86.00 to $96.00 and gave the stock a “buy” rating in a report on Friday. KeyCorp downgraded shares of Entergy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Finally, Wells Fargo & Company boosted their target price on Entergy from $85.00 to $97.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $84.75.

Entergy Trading Down 1.1 %

NYSE:ETR opened at $83.74 on Friday. The company has a market cap of $36.04 billion, a P/E ratio of 34.39, a price-to-earnings-growth ratio of 2.34 and a beta of 0.68. Entergy has a twelve month low of $50.19 and a twelve month high of $88.38. The business has a 50 day moving average price of $82.90 and a two-hundred day moving average price of $75.06. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.81.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were given a $0.60 dividend. The ex-dividend date 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 98.77%.

Hedge Funds Weigh In On Entergy

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of Entergy by 101.9% during the fourth quarter. Vanguard Group Inc. now owns 52,133,646 shares of the utilities provider’s stock worth $3,952,773,000 after purchasing an additional 26,312,267 shares during the period. Bank of America Corp DE boosted its holdings 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 in the last quarter. FMR LLC increased its stake in shares of Entergy by 90.7% during the fourth quarter. FMR LLC now owns 12,612,407 shares of the utilities provider’s stock valued at $956,273,000 after purchasing an additional 5,998,760 shares in the last quarter. Ameriprise Financial Inc. increased its position in Entergy by 71.4% during the 4th quarter. Ameriprise Financial Inc. now owns 12,884,421 shares of the utilities provider’s stock valued at $976,895,000 after buying an additional 5,368,396 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Entergy by 106.2% during the fourth quarter. Geode Capital Management LLC now owns 10,236,816 shares of the utilities provider’s stock valued at $774,103,000 after acquiring an additional 5,271,559 shares in the last quarter. 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.