Zacks Research Has Positive Outlook for Entergy Q4 Earnings

Entergy Corporation (NYSE:ETR) – Investment analysts at Zacks Research upped their Q4 2024 EPS estimates for Entergy in a research report issued to clients and investors on Thursday, December 5th. Zacks Research analyst R. Department now anticipates that the utilities provider will earn $1.22 per share for the quarter, up from their previous estimate 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 analysts also recently commented on the stock. Mizuho upped their price target on shares of Entergy from $138.00 to $165.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Wells Fargo & Company upped their price target on shares of Entergy from $137.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Scotiabank upped their price target on shares of Entergy from $119.00 to $144.00 and gave the company a “sector perform” rating in a research note on Friday, November 1st. BMO Capital Markets decreased their price target on shares of Entergy from $166.00 to $159.00 and set an “outperform” rating on the stock in a research note on Monday, November 18th. Finally, Barclays upped their price target 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. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Entergy has an average rating of “Moderate Buy” and an average target price of $153.19.

Entergy Price Performance

NYSE:ETR opened at $148.33 on Monday. Entergy has a one year low of $96.15 and a one year high of $158.07. The company has a market cap of $31.80 billion, a P/E ratio of 18.07, a P/E/G ratio of 2.53 and a beta of 0.71. The firm’s fifty day moving average price is $143.01 and its two-hundred day moving average price is $124.85. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.89 and a quick ratio of 0.59.

Entergy shares are scheduled to split on the morning of Friday, December 13th. The 2-1 split was announced on Thursday, October 31st. The newly issued shares will be distributed to shareholders after the market closes on Thursday, December 12th.

Entergy (NYSE:ETR) last released its quarterly earnings data on Thursday, October 31st. The utilities provider reported $2.99 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $3.46 billion. During the same period in the previous year, the company earned $3.27 earnings per share.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. DGS Capital Management LLC raised its holdings in Entergy by 17.9% in the 3rd quarter. DGS Capital Management LLC now owns 4,141 shares of the utilities provider’s stock valued at $545,000 after buying an additional 628 shares during the last quarter. Franklin Resources Inc. raised its holdings in 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 buying an additional 1,981,611 shares during the last quarter. Peapack Gladstone Financial Corp raised its holdings in Entergy by 181.5% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 14,310 shares of the utilities provider’s stock valued at $1,884,000 after buying an additional 9,227 shares during the last quarter. Synovus Financial Corp raised its holdings in Entergy by 78.3% in the 3rd quarter. Synovus Financial Corp now owns 4,269 shares of the utilities provider’s stock valued at $562,000 after buying an additional 1,875 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in Entergy during the 3rd quarter worth approximately $175,000. Institutional investors own 88.07% of the company’s stock.

Insider Transactions at Entergy

In other news, insider Haley Fisackerly sold 4,134 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $149.03, for a total value of $616,090.02. Following the completion of the transaction, the insider now owns 2,016 shares of the company’s stock, valued at approximately $300,444.48. This represents a 67.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Eliecer Viamontes sold 200 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $147.00, for a total transaction of $29,400.00. Following the completion of the transaction, the insider now directly owns 4,173 shares of the company’s stock, valued at $613,431. This trade represents a 4.57 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,256 shares of company stock valued at $1,675,350. 0.54% of the stock is currently owned by insiders.

Entergy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Wednesday, November 13th were issued a $1.20 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.24%. This is a boost from Entergy’s previous quarterly dividend of $1.13. Entergy’s dividend payout ratio is 58.47%.

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.