FY2028 EPS Estimates for Entergy Boosted by Seaport Res Ptn

Entergy Corporation (NYSE:ETR) – Investment analysts at Seaport Res Ptn raised their FY2028 earnings per share estimates for shares of Entergy in a research note issued to investors on Monday, January 6th. Seaport Res Ptn analyst A. Storozynski now anticipates that the utilities provider will post earnings of $5.23 per share for the year, up from their previous estimate of $4.75. The consensus estimate for Entergy’s current full-year earnings is $3.61 per share.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Thursday, October 31st. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.04. Entergy had a return on equity of 9.53% and a net margin of 14.83%. The firm had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.46 billion. During the same period in the previous year, the company posted $1.64 earnings per share.

Other analysts also recently issued research reports about the stock. Bank of America downgraded shares of Entergy from a “buy” rating to a “neutral” rating and increased their price objective for the company from $69.00 to $77.00 in a report on Monday, November 4th. Wells Fargo & Company increased their price target on Entergy from $68.50 to $85.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Scotiabank lowered their price objective on Entergy from $165.00 to $82.00 and set a “sector perform” rating on the stock in a research note on Tuesday. StockNews.com raised Entergy from a “sell” rating to a “hold” rating in a research note on Sunday, December 29th. Finally, KeyCorp cut shares of Entergy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $77.37.

Entergy Stock Performance

NYSE:ETR opened at $76.69 on Wednesday. The company has a market cap of $32.89 billion, a P/E ratio of 18.68, a P/E/G ratio of 2.48 and a beta of 0.71. Entergy has a twelve month low of $48.08 and a twelve month high of $79.04. The company’s 50-day moving average price is $75.24 and its 200-day moving average price is $65.69. 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 Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Wednesday, November 13th were issued a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $2.40 annualized dividend and a yield of 3.13%. Entergy’s dividend payout ratio (DPR) is presently 58.39%.

Insider Buying and Selling at Entergy

In other Entergy news, insider Eliecer Viamontes sold 400 shares of Entergy stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $73.50, for a total value of $29,400.00. Following the completion of the transaction, the insider now directly owns 8,346 shares of the company’s stock, valued at $613,431. The trade was a 4.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Deanna D. Rodriguez sold 6,088 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $73.94, for a total transaction of $450,146.72. Following the sale, the insider now directly owns 3,952 shares in the company, valued at $292,210.88. This represents a 60.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,756 shares of company stock valued at $1,095,637 over the last quarter. 0.39% of the stock is owned by company insiders.

Hedge Funds Weigh In On Entergy

Institutional investors have recently modified their holdings of the business. Ameriprise Financial Inc. increased its stake in shares of Entergy by 47.1% during the second quarter. Ameriprise Financial Inc. now owns 6,479,044 shares of the utilities provider’s stock worth $693,260,000 after buying an additional 2,075,776 shares during the period. Franklin Resources Inc. increased its position in shares of Entergy by 53.0% in the 3rd quarter. Franklin Resources Inc. now owns 5,718,859 shares of the utilities provider’s stock valued at $754,318,000 after purchasing an additional 1,981,611 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Entergy by 60.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,589,727 shares of the utilities provider’s stock valued at $472,444,000 after purchasing an additional 1,354,355 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Entergy by 185.5% in the 2nd quarter. Millennium Management LLC now owns 1,876,672 shares of the utilities provider’s stock valued at $200,804,000 after purchasing an additional 1,219,419 shares in the last quarter. Finally, Confluence Investment Management LLC lifted its position in shares of Entergy by 96.0% during the 4th quarter. Confluence Investment Management LLC now owns 1,607,273 shares of the utilities provider’s stock worth $121,863,000 after purchasing an additional 787,367 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

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.