Entergy (NYSE:ETR – Get Free Report) updated its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 4.350-4.450 for the period, compared to the consensus estimate of 4.410.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on ETR. BMO Capital Markets lowered their price objective on shares of Entergy from $124.00 to $123.00 and set an “outperform” rating on the stock in a research report on Thursday, July 30th. Evercore upped their target price on shares of Entergy from $121.00 to $128.00 and gave the stock an “outperform” rating in a research report on Thursday, October 8th. JPMorgan Chase & Co. cut their target price on shares of Entergy from $137.00 to $130.00 and set an “overweight” rating for the company in a research report on Tuesday, October 13th. Barclays reissued an “overweight” rating and issued a $115.00 target price (down from $128.00) on shares of Entergy in a research note on Monday, October 19th. Finally, Bank of America raised their price target on Entergy from $112.00 to $115.00 in a research report on Monday, July 27th. Twenty research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.57.
Read Our Latest Research Report on Entergy
Entergy Stock Down 1.0%
Entergy (NYSE:ETR – Get Free Report) last released its earnings results on Monday, November 2nd. The utilities provider reported $1.98 EPS for the quarter, beating the consensus estimate of $1.73 by $0.25. The company had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.12 billion. Entergy had a net margin of 14.63% and a return on equity of 11.44%. During the same quarter last year, the firm earned $1.53 EPS. On average, analysts forecast that Entergy will post 4.41 earnings per share for the current fiscal year.
Entergy Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be given a dividend of $0.68 per share. The ex-dividend date is Friday, November 13th. This is a positive change from Entergy’s previous quarterly dividend of $0.64. This represents a $2.72 annualized dividend and a yield of 2.5%. Entergy’s dividend payout ratio (DPR) is currently 65.64%.
Insider Transactions at Entergy
In other news, insider Laura Landreaux sold 5,600 shares of the firm’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $106.20, for a total transaction of $594,720.00. Following the transaction, the insider directly owned 22,589 shares of the company’s stock, valued at approximately $2,398,951.80. This trade represents a 19.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ralph Lewis Ropp acquired 1,000 shares of the firm’s stock in a transaction dated Thursday, August 6th. The stock was bought at an average price of $106.08 per share, for a total transaction of $106,080.00. Following the acquisition, the director owned 3,423 shares of the company’s stock, valued at approximately $363,111.84. This trade represents a 41.27% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.21% of the stock is currently owned by company insiders.
About Entergy
Entergy Corporation is an integrated energy company that operates as a regulated electric utility. Through its operating companies, the company generates, transmits and distributes electricity to residential, commercial, industrial and governmental customers. Its generation portfolio includes nuclear, natural gas, renewable and other power resources, while its transmission and distribution networks deliver electricity across its service territories.
Entergy serves customers in Arkansas, Louisiana, Mississippi and Texas, including the New Orleans area through Entergy New Orleans.
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