Entergy (NYSE:ETR) Issues Earnings Results, Misses Estimates By $0.02 EPS

Entergy (NYSE:ETRGet Rating) issued its quarterly earnings data on Wednesday. The utilities provider reported $1.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.02), MarketWatch Earnings reports. 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 business posted $1.47 earnings per share. Entergy updated its FY22 guidance to $6.15-6.45 EPS.

Shares of ETR stock traded up $1.06 during trading hours on Wednesday, hitting $121.72. 22,274 shares of the company were exchanged, compared to its average volume of 1,244,184. The firm has a market cap of $24.46 billion, a P/E ratio of 21.78, a P/E/G ratio of 3.26 and a beta of 0.64. Entergy has a fifty-two week low of $98.50 and a fifty-two week high of $126.82. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.39 and a current ratio of 0.59. The company has a 50 day simple moving average of $114.31 and a two-hundred day simple moving average of $109.48.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Thursday, May 5th will be given a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend is Wednesday, May 4th. Entergy’s dividend payout ratio (DPR) is 72.92%.

In related news, COO Paul D. Hinnenkamp sold 5,000 shares of Entergy stock in a transaction on Friday, February 25th. The shares were sold at an average price of $105.40, for a total value of $527,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Haley Fisackerly sold 750 shares of Entergy stock in a transaction on Friday, February 25th. The shares were 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. In the last ninety days, insiders have sold 215,319 shares of company stock valued at $25,360,986. Insiders own 0.37% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Salem Investment Counselors Inc. grew its position in Entergy by 199.1% in the 4th quarter. Salem Investment Counselors Inc. now owns 317 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 211 shares during the period. NewEdge Advisors LLC lifted its stake in Entergy by 3.4% during the 4th quarter. NewEdge Advisors LLC now owns 8,837 shares of the utilities provider’s stock valued at $996,000 after acquiring an additional 290 shares in the last quarter. V Wealth Advisors LLC lifted its stake in Entergy by 15.3% during the 4th quarter. V Wealth Advisors LLC now owns 2,711 shares of the utilities provider’s stock valued at $305,000 after acquiring an additional 360 shares in the last quarter. Toroso Investments LLC lifted its stake in Entergy by 24.7% during the 4th quarter. Toroso Investments LLC now owns 4,416 shares of the utilities provider’s stock valued at $497,000 after acquiring an additional 876 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in Entergy by 6.4% during the 4th quarter. Advisors Asset Management Inc. now owns 27,464 shares of the utilities provider’s stock valued at $3,094,000 after acquiring an additional 1,652 shares in the last quarter. 89.23% of the stock is owned by institutional investors and hedge funds.

A number of research analysts recently issued reports on the stock. StockNews.com assumed coverage on shares of Entergy in a report on Thursday, March 31st. They issued a “hold” rating for the company. Credit Suisse Group assumed coverage on shares of Entergy in a report on Monday. They set an “outperform” rating and a $136.00 price target for the company. Vertical Research lowered 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 raised their price target on shares of Entergy from $120.00 to $135.00 in a report on Monday, April 4th. Finally, Morgan Stanley raised their price target on shares of Entergy from $106.00 to $115.00 and gave the stock an “underweight” rating in a report on Wednesday, April 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Entergy presently has an average rating of “Hold” and a consensus price target of $121.00.

About Entergy (Get Rating)

Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. It operates in two segments, Utility and Entergy Wholesale Commodities. The Utility segment 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.

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Earnings History for Entergy (NYSE:ETR)

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