Entergy (NYSE:ETR) Posts Earnings Results, Beats Expectations By $0.22 EPS

Entergy (NYSE:ETR) announced its earnings results on Tuesday. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.22, Zacks reports. Entergy had a net margin of 8.90% and a return on equity of 10.68%. Entergy updated its FY 2025 guidance to 3.750-3.950 EPS.

Entergy Price Performance

Shares of NYSE:ETR opened at $83.80 on Tuesday. The business has a 50-day simple moving average of $83.47 and a two-hundred day simple moving average of $78.71. The firm has a market cap of $36.10 billion, a price-to-earnings ratio of 34.23, a price-to-earnings-growth ratio of 2.34 and a beta of 0.56. Entergy has a fifty-two week low of $52.07 and a fifty-two week high of $88.38. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.72.

Entergy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 2nd will be given a dividend of $0.60 per share. The ex-dividend date is Friday, May 2nd. This represents a $2.40 annualized dividend and a yield of 2.86%. Entergy’s payout ratio is 98.77%.

Institutional Trading of Entergy

An institutional investor recently raised its position in Entergy stock. Brighton Jones LLC raised its position in Entergy Corporation (NYSE:ETR) by 275.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,176 shares of the utilities provider’s stock after buying an additional 6,733 shares during the period. Brighton Jones LLC’s holdings in Entergy were worth $696,000 at the end of the most recent quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ETR has been the subject of several recent analyst reports. LADENBURG THALM/SH SH raised shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price objective for the company in a research note on Thursday, January 30th. JPMorgan Chase & Co. increased their target price on Entergy from $87.00 to $98.00 and gave the company an “overweight” rating in a report on Tuesday, March 11th. BMO Capital Markets decreased their target price on shares of Entergy from $94.00 to $89.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. Scotiabank decreased their price target on shares of Entergy from $165.00 to $82.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 7th. Finally, Wells Fargo & Company boosted their target price on shares of Entergy from $85.00 to $97.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Five research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $85.25.

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.