Entergy (NYSE:ETR) Posts Earnings Results

Entergy (NYSE:ETR) announced its quarterly earnings data on Tuesday. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.03, RTT News reports. Entergy had a net margin of 14.83% and a return on equity of 9.53%. During the same quarter in the previous year, the firm posted $0.26 earnings per share. Entergy updated its FY 2025 guidance to 3.750-3.950 EPS.

Entergy Stock Up 6.0 %

Shares of NYSE:ETR opened at $87.45 on Wednesday. Entergy has a 52 week low of $49.80 and a 52 week high of $88.38. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.59 and a current ratio of 0.89. The company has a market cap of $37.50 billion, a PE ratio of 21.30, a price-to-earnings-growth ratio of 2.52 and a beta of 0.72. The firm has a 50 day simple moving average of $78.47 and a 200 day simple moving average of $70.89.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 10th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.74%. Entergy’s dividend payout ratio is currently 58.47%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ETR shares. Wells Fargo & Company boosted their price target on Entergy from $68.50 to $85.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. KeyCorp lowered shares of Entergy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Barclays raised their target price on shares of Entergy from $68.50 to $76.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. StockNews.com upgraded Entergy from a “sell” rating to a “hold” rating in a report on Sunday, December 29th. Finally, Scotiabank decreased their target price on Entergy from $165.00 to $82.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 7th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $79.81.

Insider Buying and Selling at Entergy

In related news, insider Deanna D. Rodriguez sold 6,088 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $73.94, for a total value of $450,146.72. Following the completion of the sale, the insider now directly owns 3,952 shares in the company, valued at approximately $292,210.88. This represents a 60.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.54% of the company’s stock.

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.