What is KeyCorp's Estimate for Entergy FY2028 Earnings?

Key Points

• KeyCorp raised its FY2028 EPS estimate for Entergy to $5.77, up from $5.75, and projects EPS of $6.49 in FY2029 and $7.32 in FY2030. The firm maintained an “Overweight” rating and a $118 price target.
• Entergy exceeded quarterly expectations with EPS of $1.03 versus the $1.01 consensus and revenue of $3.52 billion versus $3.49 billion. The company’s FY2026 EPS guidance is $4.25–$4.45.
• Analyst sentiment remains broadly positive, with 17 Buy ratings and three Holds, producing a “Moderate Buy” consensus and an average price target of $119.58; however, Morgan Stanley and JPMorgan recently lowered their targets.

Entergy Corporation (NYSE:ETR - Free Report) - KeyCorp boosted their FY2028 earnings estimates for shares of Entergy in a report released on Monday, October 12th. KeyCorp analyst S. Karp now expects that the utilities provider will post earnings per share of $5.77 for the year, up from their prior estimate of $5.75. KeyCorp has an "Overweight" rating and a $118.00 price target on the stock. The consensus estimate for Entergy's current full-year earnings is $4.40 per share. KeyCorp also issued estimates for Entergy's FY2029 earnings at $6.49 EPS and FY2030 earnings at $7.32 EPS.

Entergy (NYSE:ETR - Get Free Report) last released its earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.02. The company had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.49 billion. Entergy had a return on equity of 10.53% and a net margin of 13.40%. During the same quarter in the prior year, the company earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS.

ETR has been the subject of several other reports. Morgan Stanley reduced their price objective on Entergy from $105.00 to $98.00 and set an "equal weight" rating for the company in a research note on Friday, September 18th. Truist Financial set a $119.00 target price on Entergy and gave the company a "buy" rating in a research note on Monday. Evercore reiterated an "outperform" rating and issued a $128.00 target price on shares of Entergy in a report on Monday, August 17th. Wall Street Zen lowered shares of Entergy from a "hold" rating to a "sell" rating in a research report on Sunday, August 9th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Entergy from $137.00 to $130.00 and set an "overweight" rating for the company in a research report on Tuesday. Seventeen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $119.58.

Entergy Stock Performance

Shares of ETR stock opened at $105.09 on Wednesday. The company has a market capitalization of $49.04 billion, a price-to-earnings ratio of 26.46, a P/E/G ratio of 2.33 and a beta of 0.46. Entergy has a 1-year low of $90.87 and a 1-year high of $118.44. The company has a current ratio of 0.91, a quick ratio of 0.70 and a debt-to-equity ratio of 1.73. The stock's fifty day simple moving average is $104.49 and its 200-day simple moving average is $109.74.

Hedge Funds Weigh In On Entergy

Hedge funds have recently bought and sold shares of the business. Pinnacle Wealth Management Advisory Group LLC boosted its stake in Entergy by 3.6% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,623 shares of the utilities provider's stock worth $295,000 after purchasing an additional 90 shares during the period. Whittier Trust Co. of Nevada Inc. grew its holdings in Entergy by 9.2% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,096 shares of the utilities provider's stock valued at $126,000 after buying an additional 92 shares in the last quarter. Founders Financial Securities LLC raised its position in shares of Entergy by 2.5% during the first quarter. Founders Financial Securities LLC now owns 4,094 shares of the utilities provider's stock valued at $481,000 after buying an additional 101 shares during the last quarter. Rehmann Capital Advisory Group raised its position in shares of Entergy by 2.8% during the fourth quarter. Rehmann Capital Advisory Group now owns 3,807 shares of the utilities provider's stock valued at $352,000 after buying an additional 102 shares during the last quarter. Finally, Cohen Investment Advisors LLC lifted its holdings in shares of Entergy by 1.9% in the first quarter. Cohen Investment Advisors LLC now owns 5,664 shares of the utilities provider's stock worth $636,000 after buying an additional 103 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Entergy

In other Entergy news, Director Ralph Lewis Ropp acquired 1,000 shares of Entergy stock in a transaction that occurred on Thursday, August 6th. The stock was acquired at an average price of $106.08 per share, with a total value of $106,080.00. Following the purchase, the director owned 3,423 shares in the company, valued at approximately $363,111.84. This trade represents a 41.27% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Laura R. Landreaux sold 5,600 shares of Entergy stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $106.20, for a total transaction of $594,720.00. Following the completion of the sale, the insider directly owned 22,589 shares of the company's stock, valued at approximately $2,398,951.80. The trade was a 19.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.21% of the company's stock.

Entergy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th were paid a dividend of $0.64 per share. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.4%. Entergy's dividend payout ratio (DPR) is 65.64%.

Trending Headlines about Entergy

Here are the key news stories impacting Entergy this week:

• Positive Sentiment: KeyCorp raised its EPS forecasts for Entergy’s fiscal 2028, 2029 and 2030, to $5.77, $6.49 and $7.32, respectively. The increases were modest but suggest improving confidence in the utility’s longer-term earnings growth. KeyCorp maintained an “Overweight” rating and a $118 price target. KeyBanc Adjusts Entergy Price Target
• Positive Sentiment: JPMorgan retained its “Overweight” rating and set a $130 target, implying substantial potential upside from the referenced share price. JPMorgan Entergy Price Target
• Neutral Sentiment: Entergy highlighted the 25th anniversary of its Environmental Initiatives Fund. The announcement reinforces the company’s sustainability profile and community engagement, but it is unlikely to have a material near-term effect on earnings. Entergy Environmental Initiatives Fund
• Negative Sentiment: KeyCorp reduced its price target from $123 to $118, while JPMorgan cut its target from $137 to $130. Although both firms remain bullish, the target reductions indicate more cautious near-term valuation assumptions. KeyBanc Adjusts Entergy Price Target
• Negative Sentiment: Entergy recently underperformed competing utilities despite posting a gain in the prior session, suggesting relative weakness within the sector. Entergy Underperforms Utility Competitors

About Entergy

Entergy Corporation is an integrated energy company that provides electric power and related services through regulated utility subsidiaries. Its operations include electricity generation, transmission and distribution, as well as natural gas distribution and other utility services.

Entergy serves customers across Arkansas, Louisiana, Mississippi and Texas, including the city of New Orleans. The company operates a diverse generation portfolio that includes nuclear, natural gas, renewable and other resources, and it supplies electricity to residential, commercial, industrial and governmental customers.

Founded in 1949 as Middle South Utilities, the company adopted the Entergy name in 1994.

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