Entergy (NYSE:ETR – Get Free Report) updated its FY 2025 earnings guidance on Wednesday. The company provided EPS guidance of 3.750-3.95 for the period, compared to the consensus EPS estimate of 3.875. The company issued revenue guidance of -.
Analysts Set New Price Targets
Several analysts have commented on ETR shares. Morgan Stanley lowered their price objective on shares of Entergy from $82.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 18th. Raymond James Financial assumed coverage on shares of Entergy in a report on Friday, June 13th. They issued a “market perform” rating on the stock. JPMorgan Chase & Co. increased their price objective on Entergy from $100.00 to $102.00 and gave the company an “overweight” rating in a report on Tuesday, July 15th. BMO Capital Markets boosted their target price on Entergy from $89.00 to $93.00 and gave the company an “outperform” rating in a research note on Wednesday, April 30th. Finally, Barclays decreased their price objective on Entergy from $91.00 to $87.00 and set an “overweight” rating for the company in a report on Thursday, July 10th. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Entergy currently has an average rating of “Moderate Buy” and an average price target of $86.46.
Check Out Our Latest Analysis on Entergy
Entergy Price Performance
Entergy (NYSE:ETR – Get Free Report) last released its earnings results on Tuesday, April 29th. The utilities provider reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.22. Entergy had a return on equity of 11.43% and a net margin of 11.26%. The company had revenue of $3.02 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the previous year, the company posted $0.54 EPS. Research analysts anticipate that Entergy will post 3.88 earnings per share for the current year.
Entergy Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 13th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.72%. The ex-dividend date is Wednesday, August 13th. Entergy’s dividend payout ratio is 77.92%.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Entergy stock. Brighton Jones LLC grew its position in shares of Entergy Corporation (NYSE:ETR – Free Report) by 275.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 9,176 shares of the utilities provider’s stock after acquiring 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.
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.
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