FY2028 EPS Estimates for Entergy Boosted by Seaport Res Ptn

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

Entergy (NYSE:ETR) last announced its quarterly earnings data on Thursday, October 31st. The utilities provider reported $1.50 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $3.46 billion. During the same quarter last year, the firm posted $1.64 earnings per share.

ETR has been the subject of a number of other reports. Guggenheim lifted their price objective on shares of Entergy from $72.50 to $82.50 and gave the company a “buy” rating in a report on Friday, November 1st. Mizuho lifted their price target on Entergy from $69.00 to $82.50 and gave the company an “outperform” rating in a research note on Monday, November 4th. BMO Capital Markets decreased their price target on Entergy from $83.00 to $79.50 and set an “outperform” rating for the company in a report on Monday, November 18th. Scotiabank cut their price objective on shares of Entergy from $165.00 to $82.00 and set a “sector perform” rating on the stock in a report on Tuesday. Finally, KeyCorp downgraded shares of Entergy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Entergy has an average rating of “Moderate Buy” and a consensus target price of $77.37.

Entergy Stock Performance

Shares of ETR stock opened at $75.96 on Wednesday. The company has a current ratio of 0.89, a quick ratio of 0.59 and a debt-to-equity ratio of 1.77. The firm has a fifty day simple moving average of $75.06 and a two-hundred day simple moving average of $65.54. Entergy has a 12 month low of $48.08 and a 12 month high of $79.04. The firm has a market capitalization of $32.57 billion, a PE ratio of 18.50, a price-to-earnings-growth ratio of 2.48 and a beta of 0.71.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Legacy Investment Solutions LLC purchased a new stake in shares of Entergy during the third quarter worth $27,000. Cetera Trust Company N.A bought a new stake in shares of Entergy during the 3rd quarter valued at $29,000. Fortitude Family Office LLC lifted its holdings in Entergy by 423.8% during the 3rd quarter. Fortitude Family Office LLC now owns 220 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 178 shares in the last quarter. Coastline Trust Co bought a new position in Entergy in the 3rd quarter worth about $31,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in Entergy during the 2nd quarter valued at about $42,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Entergy

In other Entergy news, insider Eliecer Viamontes sold 400 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $73.50, for a total transaction of $29,400.00. Following the completion of the transaction, the insider now owns 8,346 shares in the company, valued at $613,431. This trade represents a 4.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Deanna D. Rodriguez sold 6,088 shares of Entergy 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 completion of the transaction, the insider now owns 3,952 shares of the company’s stock, valued at $292,210.88. The trade was a 60.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,756 shares of company stock worth $1,095,637 in the last quarter. Insiders own 0.39% of the company’s stock.

Entergy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Wednesday, November 13th were paid a dividend of $0.60 per share. The ex-dividend date was Wednesday, November 13th. This represents a $2.40 annualized dividend and a dividend yield of 3.16%. Entergy’s payout ratio is currently 58.39%.

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.