Entergy (NYSE:ETR) Releases Earnings Results

Entergy (NYSE:ETR - Get Free Report) issued its quarterly earnings results on Tuesday. The utilities provider reported $0.82 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.22, Zacks reports. Entergy had a return on equity of 10.68% and a net margin of 8.90%. The company had revenue of $3.02 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same period in the previous year, the company earned $0.54 earnings per share. Entergy updated its FY 2025 guidance to 3.750-3.950 EPS.

Entergy Price Performance

ETR stock traded up $1.10 during trading on Friday, hitting $84.47. 2,919,786 shares of the stock traded hands, compared to its average volume of 3,684,227. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81. The stock has a market cap of $36.39 billion, a price-to-earnings ratio of 34.69, a P/E/G ratio of 2.34 and a beta of 0.62. Entergy has a one year low of $52.07 and a one year high of $88.38. The company has a 50 day simple moving average of $83.33 and a 200 day simple moving average of $79.02.

Entergy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 2nd will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date is Friday, May 2nd. Entergy's dividend payout ratio (DPR) is currently 77.92%.

Institutional Trading of Entergy

An institutional investor recently raised its position in Entergy stock. Brighton Jones LLC boosted its holdings in shares of Entergy Corporation (NYSE:ETR - Free Report) by 275.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,176 shares of the utilities provider's stock after purchasing an additional 6,733 shares during the period. Brighton Jones LLC's holdings in Entergy were worth $696,000 as of its most recent SEC filing. Institutional investors and hedge funds own 88.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. UBS Group upped their target price on shares of Entergy from $86.00 to $96.00 and gave the company a "buy" rating in a research note on Friday, March 21st. Scotiabank cut their price objective on shares of Entergy from $165.00 to $82.00 and set a "sector perform" rating for the company in a research report on Tuesday, January 7th. BMO Capital Markets lifted their target price on Entergy from $89.00 to $93.00 and gave the stock an "outperform" rating in a research report on Wednesday. Wells Fargo & Company upped their price target on Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. boosted their price objective on Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. Five equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $85.75.

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.