Entergy (NYSE:ETR – Get Rating) will be announcing its earnings results before the market opens on Wednesday, April 27th. Analysts expect the company to announce earnings of $1.34 per share for the quarter. Entergy has set its FY 2022 guidance at $6.150-$6.450 EPS.Parties interested in listening to the company’s conference call can do so using this link.
Entergy (NYSE:ETR – Get Rating) last announced its quarterly earnings data on Wednesday, February 23rd. The utilities provider reported $0.76 EPS for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.06. The company had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.32 billion. Entergy had a net margin of 9.53% and a return on equity of 10.85%. During the same quarter in the prior year, the firm earned $0.71 EPS. On average, analysts expect Entergy to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.
Shares of Entergy stock opened at $124.55 on Wednesday. The company has a market cap of $25.03 billion, a P/E ratio of 22.48, a PEG ratio of 3.23 and a beta of 0.64. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.39 and a current ratio of 0.59. Entergy has a one year low of $98.50 and a one year high of $124.86. The firm has a fifty day moving average of $112.44 and a two-hundred day moving average of $108.75.
In related news, CEO Leo P. Denault sold 19,783 shares of the stock in a transaction dated Tuesday, April 5th. The shares were sold at an average price of $120.66, for a total value of $2,387,016.78. Following the sale, the chief executive officer now directly owns 396,646 shares of the company’s stock, valued at approximately $47,859,306.36. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Haley Fisackerly sold 750 shares of the firm’s stock in a transaction dated Friday, February 25th. The stock was sold at an average price of $105.42, for a total transaction of $79,065.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 221,251 shares of company stock worth $25,937,864. 0.37% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the business. Allianz Asset Management GmbH boosted its stake in shares of Entergy by 38.9% during the 4th quarter. Allianz Asset Management GmbH now owns 209,657 shares of the utilities provider’s stock worth $23,618,000 after purchasing an additional 58,765 shares during the last quarter. Stifel Financial Corp boosted its position in shares of Entergy by 39.1% in the fourth quarter. Stifel Financial Corp now owns 69,712 shares of the utilities provider’s stock worth $7,854,000 after acquiring an additional 19,596 shares during the last quarter. Advisors Asset Management Inc. boosted its position in shares of Entergy by 6.4% in the fourth quarter. Advisors Asset Management Inc. now owns 27,464 shares of the utilities provider’s stock worth $3,094,000 after acquiring an additional 1,652 shares during the last quarter. Metropolitan Life Insurance Co NY boosted its position in shares of Entergy by 16.9% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 22,960 shares of the utilities provider’s stock worth $2,586,000 after acquiring an additional 3,324 shares during the last quarter. Finally, Allstate Corp boosted its position in shares of Entergy by 776.9% in the fourth quarter. Allstate Corp now owns 22,651 shares of the utilities provider’s stock worth $2,552,000 after acquiring an additional 20,068 shares during the last quarter. 89.23% of the stock is currently owned by institutional investors.
A number of brokerages have recently issued reports on ETR. Vertical Research downgraded shares of Entergy from a “buy” rating to a “hold” rating and set a $117.00 price target for the company. in a report on Monday, January 10th. Wells Fargo & Company increased their price target on shares of Entergy from $120.00 to $135.00 in a report on Monday, April 4th. StockNews.com began coverage on shares of Entergy in a report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Morgan Stanley cut their price target on shares of Entergy from $105.00 to $100.00 and set an “underweight” rating for the company in a report on Friday, February 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $116.00.
About Entergy (Get Rating)
Entergy Corp. is a holding company, which engages in electric power generation and distribution. It operates through the following segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution, and sale of electric power and the operations of a natural gas distribution business.
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