FY2025 EPS Estimates for Entergy Lowered by Seaport Res Ptn

Entergy Corporation (NYSE:ETR) – Analysts at Seaport Res Ptn reduced their FY2025 earnings per share estimates for Entergy in a report released on Monday, July 28th. Seaport Res Ptn analyst A. Storozynski now anticipates that the utilities provider will post earnings of $3.90 per share for the year, down from their prior estimate of $3.93. The consensus estimate for Entergy’s current full-year earnings is $3.88 per share. Seaport Res Ptn also issued estimates for Entergy’s FY2026 earnings at $4.41 EPS, FY2027 earnings at $4.86 EPS and FY2028 earnings at $5.39 EPS.

Entergy (NYSE:ETR) last released its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.14. The company had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.11 billion. Entergy had a return on equity of 11.43% and a net margin of 11.26%. During the same quarter in the previous year, the company posted $1.92 earnings per share.

A number of other research firms have also weighed in on ETR. Raymond James Financial began coverage on Entergy in a research note on Friday, June 13th. They set a “market perform” rating on the stock. Morgan Stanley lowered their price objective on Entergy from $82.00 to $81.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 18th. KeyCorp upped their price target on Entergy from $85.00 to $88.00 and gave the company an “overweight” rating in a research note on Wednesday, July 16th. BMO Capital Markets upped their price target on Entergy from $89.00 to $93.00 and gave the company an “outperform” rating in a research note on Wednesday, April 30th. Finally, Barclays decreased their price target on Entergy from $91.00 to $87.00 and set an “overweight” rating on the stock in a research note on Thursday, July 10th. Six equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $86.46.

Entergy Stock Performance

NYSE ETR opened at $89.34 on Wednesday. The stock’s fifty day moving average is $83.23 and its two-hundred day moving average is $83.00. The firm has a market capitalization of $38.48 billion, a P/E ratio of 29.01, a price-to-earnings-growth ratio of 2.40 and a beta of 0.59. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.55 and a current ratio of 0.82. Entergy has a fifty-two week low of $57.47 and a fifty-two week high of $91.46.

Hedge Funds Weigh In On Entergy

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Entergy by 5.2% during the 1st quarter. Vanguard Group Inc. now owns 54,828,994 shares of the utilities provider’s stock worth $4,687,331,000 after acquiring an additional 2,695,348 shares in the last quarter. Bank of America Corp DE lifted its stake in Entergy by 142.8% during the 4th quarter. Bank of America Corp DE now owns 17,594,747 shares of the utilities provider’s stock worth $1,334,034,000 after acquiring an additional 10,347,926 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Entergy by 2.2% during the 1st quarter. Ameriprise Financial Inc. now owns 13,173,889 shares of the utilities provider’s stock worth $1,126,244,000 after acquiring an additional 289,468 shares in the last quarter. FMR LLC lifted its stake in Entergy by 90.7% during the 4th quarter. FMR LLC now owns 12,612,407 shares of the utilities provider’s stock worth $956,273,000 after acquiring an additional 5,998,760 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Entergy by 106.2% during the 4th quarter. Geode Capital Management LLC now owns 10,236,816 shares of the utilities provider’s stock worth $774,103,000 after acquiring an additional 5,271,559 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Entergy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Wednesday, August 13th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend is Wednesday, August 13th. Entergy’s payout ratio is 77.92%.

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.