Entergy Co. (NYSE:ETR – Get Rating) – Research analysts at KeyCorp lowered their Q3 2022 earnings estimates for shares of Enterprise in a report released on Tuesday, August 16th. KeyCorp analyst S. Karp now forecasts that the utilities provider will post earnings per share of $2.57 for the quarter, down from their prior estimate of $2.64. The consensus estimate for Enterprise’s current full-year earnings is $6.36 per share. KeyCorp also issued estimates for Entergy’s Q4 2022 earnings at $0.74 EPS, FY2022 earnings at $6.40 EPS and FY2024 earnings at $7.19 EPS.
Entergy (NYSE:ETR – Get Rating) last released its quarterly earnings results on Wednesday, August 3rd. The utilities provider reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.42. Entergy had a net margin of 9.92% and a return on equity of 11.07%. During the same quarter last year, the business posted $1.34 earnings per share.
Other research analysts have also issued reports about the stock. Credit Suisse Group decreased their price objective on shares of Entergy from $136.00 to $114.00 and set an “outperform” rating for the company in a report on Tuesday, June 21st. Warburg Research set the $177.00 price target on shares of Entergy in a research report on Monday, May 16th. BMO Capital Markets lifted their price objective on shares of Entergy from $124.00 to $132.00 and gave the company an “outperform” rating in a research report on Thursday, August 4th. Morgan Stanley dropped their price target on shares of Entergy from $115.00 to $111.00 and set an “underweight” rating on the stock in a research report on Monday, May 23rd. Finally, Hauck Aufhäuser In… set a $28.00 price objective on shares of Entergy in a research note on Wednesday, May 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Entergy currently has an average rating of “Hold” and an average price target of $124.79.
Entergy Price Performance
ETR opened at $121.27 on Wednesday. The company has a fifty day simple moving average of $112.31 and a 200 day simple moving average of $114.05. The firm has a market cap of $24.67 billion, a price-to-earnings ratio of 20.04, a PEG ratio of 2.85 and a beta of 0.58. Entergy has a twelve month low of $98.50 and a twelve month high of $126.82. The company has a current ratio of 0.87, a quick ratio of 0.64 and a debt-to-equity ratio of 2.10.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Mutual of America Capital Management LLC lifted its position in Entergy by 1.9% during the 1st quarter. Mutual of America Capital Management LLC now owns 41,402 shares of the utilities provider’s stock valued at $4,834,000 after purchasing an additional 753 shares during the period. Atria Investments LLC lifted its position in Entergy by 6.9% during the 1st quarter. Atria Investments LLC now owns 10,183 shares of the utilities provider’s stock valued at $1,189,000 after purchasing an additional 661 shares during the period. Marshall Wace LLP acquired a new position in Entergy during the 4th quarter valued at about $20,667,000. Nisa Investment Advisors LLC lifted its position in Entergy by 6.5% during the 1st quarter. Nisa Investment Advisors LLC now owns 16,335 shares of the utilities provider’s stock valued at $1,907,000 after purchasing an additional 1,000 shares during the period. Finally, Csenge Advisory Group raised its position in shares of Entergy by 9.4% in the 1st quarter. Csenge Advisory Group now owns 5,735 shares of the utilities provider’s stock valued at $670,000 after acquiring an additional 491 shares during the period. 88.94% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, COO Paul D. Hinnenkamp sold 6,500 shares of the company’s stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $120.94, for a total transaction of $786,110.00. Following the transaction, the chief operating officer now owns 26,102 shares in the company, valued at approximately $3,156,775.88. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.37% of the stock is owned by corporate insiders.
Entergy Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Thursday, August 11th will be given a dividend of $1.01 per share. The ex-dividend date is Wednesday, August 10th. This represents a $4.04 annualized dividend and a yield of 3.33%. Entergy’s dividend payout ratio (DPR) is 66.78%.
Entergy Company Profile
Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. The company 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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