Zacks Research Comments on Entergy Co.’s Q4 2024 Earnings (NYSE:ETR)

Entergy Co. (NYSE:ETR) – Investment analysts at Zacks Research lifted their Q4 2024 earnings estimates for shares of Entergy in a research note issued to investors on Wednesday, September 11th. Zacks Research analyst R. Department now anticipates that the utilities provider will earn $1.10 per share for the quarter, up from their prior forecast 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.

A number of other equities analysts have also recently issued reports on ETR. Morgan Stanley increased their target price on Entergy from $100.00 to $109.00 and gave the stock an “underweight” rating in a report on Friday, August 23rd. Scotiabank increased their target price on Entergy from $115.00 to $119.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. BMO Capital Markets increased their target price on Entergy from $124.00 to $131.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Mizuho increased their price objective on shares of Entergy from $107.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, May 31st. Finally, Barclays reduced their price objective on shares of Entergy from $116.00 to $115.00 and set an “equal weight” rating for the company in a research note on Monday, July 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $123.58.

Entergy Price Performance

ETR stock opened at $128.46 on Monday. The stock has a 50-day moving average price of $116.80 and a two-hundred day moving average price of $110.17. The stock has a market cap of $27.47 billion, a PE ratio of 12.88, a price-to-earnings-growth ratio of 2.31 and a beta of 0.73. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 1.81. Entergy has a 1 year low of $87.10 and a 1 year high of $128.92.

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ETR. Ameriprise Financial Inc. increased its stake in Entergy by 47.1% in the second quarter. Ameriprise Financial Inc. now owns 6,479,044 shares of the utilities provider’s stock valued at $693,260,000 after acquiring an additional 2,075,776 shares during the last quarter. Capital International Investors increased its stake in Entergy by 64.2% in the first quarter. Capital International Investors now owns 4,170,045 shares of the utilities provider’s stock valued at $440,690,000 after acquiring an additional 1,630,057 shares during the last quarter. Norges Bank bought a new position in Entergy in the fourth quarter valued at approximately $127,675,000. Millennium Management LLC boosted its position in Entergy by 185.5% in the second quarter. Millennium Management LLC now owns 1,876,672 shares of the utilities provider’s stock valued at $200,804,000 after buying an additional 1,219,419 shares in the last quarter. Finally, Confluence Investment Management LLC acquired a new stake in Entergy in the first quarter valued at approximately $92,257,000. 88.07% of the stock is owned by institutional investors.

Insider Buying and Selling at Entergy

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

Entergy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 13th were issued a $1.13 dividend. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $4.52 annualized dividend and a yield of 3.52%. Entergy’s dividend payout ratio is currently 45.34%.

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.