Entergy (ETR) to Release Earnings on Wednesday

Entergy (NYSE:ETR) will post its quarterly earnings results before the market opens on Wednesday, April 24th. Analysts expect Entergy to post earnings of $1.35 per share for the quarter. Entergy has set its FY 2024 guidance at 7.050-7.350 EPS and its FY24 guidance at $7.05 to $7.35 EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.52 earnings per share for the quarter, hitting the consensus estimate of $0.52. Entergy had a net margin of 19.41% and a return on equity of 10.54%. The business had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $3.27 billion. During the same quarter in the prior year, the business posted $0.51 earnings per share. On average, analysts expect Entergy to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Entergy Trading Down 1.7 %

ETR opened at $100.58 on Wednesday. Entergy has a twelve month low of $87.10 and a twelve month high of $109.85. The company has a 50-day simple moving average of $102.23 and a 200 day simple moving average of $99.96. The company has a quick ratio of 0.32, a current ratio of 0.57 and a debt-to-equity ratio of 1.57. The stock has a market capitalization of $21.45 billion, a price-to-earnings ratio of 9.07, a P/E/G ratio of 2.03 and a beta of 0.71.

Entergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Thursday, May 2nd will be given a dividend of $1.13 per share. The ex-dividend date is Wednesday, May 1st. This represents a $4.52 annualized dividend and a yield of 4.49%. Entergy’s dividend payout ratio is 40.76%.

Wall Street Analysts Forecast Growth

ETR has been the subject of several recent analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $117.00 price objective on shares of Entergy in a research report on Monday, February 26th. BMO Capital Markets increased their target price on shares of Entergy from $110.00 to $113.00 and gave the stock an “outperform” rating in a report on Monday, February 26th. Finally, Barclays dropped their target price on shares of Entergy from $108.00 to $107.00 and set an “equal weight” rating for the company in a report on Monday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $109.78.

Insider Transactions at Entergy

In other news, insider Deanna D. Rodriguez sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $101.23, for a total transaction of $151,845.00. Following the completion of the sale, the insider now owns 3,442 shares of the company’s stock, valued at approximately $348,433.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, EVP Kimberly Cook-Nelson sold 2,000 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $100.35, for a total transaction of $200,700.00. Following the completion of the sale, the executive vice president now directly owns 16,037 shares of the company’s stock, valued at approximately $1,609,312.95. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Deanna D. Rodriguez sold 1,500 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $101.23, for a total value of $151,845.00. Following the sale, the insider now directly owns 3,442 shares of the company’s stock, valued at $348,433.66. The disclosure for this sale can be found here. Insiders sold a total of 12,000 shares of company stock valued at $1,226,685 in the last quarter. 0.54% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Entergy

Several large investors have recently added to or reduced their stakes in ETR. Zimmer Partners LP increased its holdings in Entergy by 16,815.8% in the 2nd quarter. Zimmer Partners LP now owns 1,319,436 shares of the utilities provider’s stock worth $128,473,000 after acquiring an additional 1,311,636 shares during the last quarter. State Street Corp grew its holdings in Entergy by 8.1% during the 1st quarter. State Street Corp now owns 12,122,596 shares of the utilities provider’s stock valued at $1,415,313,000 after buying an additional 908,932 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Entergy by 64.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,944,167 shares of the utilities provider’s stock valued at $209,465,000 after buying an additional 762,393 shares in the last quarter. Millennium Management LLC grew its holdings in Entergy by 86.0% during the 4th quarter. Millennium Management LLC now owns 1,633,335 shares of the utilities provider’s stock valued at $183,750,000 after buying an additional 754,971 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in Entergy by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 23,663,740 shares of the utilities provider’s stock valued at $2,762,741,000 after buying an additional 650,775 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Entergy Company Profile

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.