Scotiabank Has Positive Estimate for Entergy FY2026 Earnings

Entergy Corporation (NYSE:ETR) – Equities research analysts at Scotiabank boosted their FY2026 EPS estimates for Entergy in a research note issued on Wednesday, November 11th. Scotiabank analyst A. Weisel now expects that the utilities provider will post earnings per share of $4.43 for the year, up from their prior estimate of $4.38. Scotiabank currently has an “Outperform” rating and a $121.00 price objective on the stock. The consensus estimate for Entergy’s current full-year earnings is $4.41 per share. Scotiabank also issued estimates for Entergy’s FY2027 earnings at $5.13 EPS.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Monday, November 2nd. The utilities provider reported $1.98 EPS for the quarter, topping the consensus estimate of $1.73 by $0.25. Entergy had a return on equity of 11.44% and a net margin of 14.63%. The firm had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the prior year, the business posted $1.53 earnings per share.

A number of other research firms also recently issued reports on ETR. Jefferies Financial Group cut their price objective on shares of Entergy from $133.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, October 20th. Ladenburg Thalmann & Co. Inc. cut their price target on shares of Entergy from $120.50 to $113.50 and set a “buy” rating on the stock in a report on Monday, October 12th. KeyCorp decreased their price objective on shares of Entergy from $123.00 to $118.00 and set an “overweight” rating for the company in a research note on Tuesday, October 13th. HSBC initiated coverage on shares of Entergy in a research report on Thursday, October 22nd. They set a “buy” rating and a $123.50 target price on the stock. Finally, Morgan Stanley boosted their target price on Entergy from $98.00 to $101.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 21st. Twenty analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Entergy has a consensus rating of “Moderate Buy” and a consensus target price of $121.57.

Entergy Trading Down 0.0%

Shares of Entergy stock opened at $111.97 on Friday. The company has a current ratio of 1.18, a quick ratio of 0.93 and a debt-to-equity ratio of 1.70. The stock has a fifty day simple moving average of $105.20 and a 200 day simple moving average of $108.03. Entergy has a 12-month low of $90.87 and a 12-month high of $118.44. The company has a market capitalization of $53.50 billion, a P/E ratio of 25.74, a price-to-earnings-growth ratio of 2.50 and a beta of 0.44.

Institutional Investors Weigh In On Entergy

Several large investors have recently modified their holdings of the stock. Callan Family Office LLC bought a new stake in Entergy in the 2nd quarter valued at about $3,250,000. Nykredit A S purchased a new position in shares of Entergy in the second quarter worth about $22,064,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Entergy in the second quarter valued at approximately $2,843,000. Illinois Municipal Retirement Fund raised its position in shares of Entergy by 18.3% in the first quarter. Illinois Municipal Retirement Fund now owns 180,358 shares of the utilities provider’s stock valued at $20,265,000 after purchasing an additional 27,868 shares during the period. Finally, E. Ohman J or Asset Management AB lifted its stake in shares of Entergy by 27.6% during the 3rd quarter. E. Ohman J or Asset Management AB now owns 21,797 shares of the utilities provider’s stock valued at $2,164,000 after buying an additional 4,710 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insider Buying and Selling

In other Entergy news, insider Laura Landreaux sold 5,600 shares of Entergy stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $106.20, for a total value of $594,720.00. Following the sale, the insider 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.21% of the company’s stock.

Entergy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be given a $0.68 dividend. 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 2.4%. The ex-dividend date of this dividend is Friday, November 13th. Entergy’s payout ratio is presently 58.85%.

Entergy Company Profile

Entergy Corporation is an investor-owned energy company headquartered in New Orleans. Its primary business is providing regulated electric utility service to residential, commercial and industrial customers. Through its utility subsidiaries, Entergy serves communities in Arkansas, Louisiana, Mississippi and Texas. Its operations include generating, transmitting and distributing electricity, with power produced from a mix of sources that includes nuclear energy. The company traces its corporate history to Middle South Utilities, which adopted the Entergy name in 1989.