Entergy (NYSE:ETR) Announces Quarterly Earnings Results

Entergy (NYSE:ETR) posted its quarterly earnings data on Monday. The utilities provider reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.25, Zacks reports. The firm had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.12 billion. Entergy had a return on equity of 10.53% and a net margin of 13.40%.

Entergy Stock Performance

Shares of Entergy stock opened at $109.93 on Monday. The firm has a fifty day moving average of $104.36 and a two-hundred day moving average of $107.30. The stock has a market capitalization of $51.30 billion, a price-to-earnings ratio of 28.19, a PEG ratio of 2.46 and a beta of 0.46. Entergy has a 52 week low of $90.87 and a 52 week high of $118.44. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.70 and a current ratio of 0.91.

Entergy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $2.72 dividend on an annualized basis and a yield of 2.5%. This is a boost from Entergy’s previous quarterly dividend of $0.64. Entergy’s dividend payout ratio (DPR) is presently 65.64%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ETR. Scotiabank dropped their target price on Entergy from $129.00 to $121.00 and set an “outperform” rating for the company in a research report on Wednesday, September 30th. Mizuho decreased their price target on Entergy from $122.00 to $121.00 and set an “outperform” rating on the stock in a report on Thursday, July 30th. JPMorgan Chase & Co. lowered their price objective on Entergy from $137.00 to $130.00 and set an “overweight” rating for the company in a research report on Tuesday, October 13th. HSBC began coverage on Entergy in a report on Thursday, October 22nd. They set a “buy” rating and a $123.50 price objective for the company. Finally, Truist Financial set a $119.00 target price on shares of Entergy and gave the company a “buy” rating in a research report on Monday, October 12th. Twenty equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Entergy currently has an average rating of “Moderate Buy” and a consensus target price of $121.25.

Insiders Place Their Bets

In related news, Director Ralph Lewis Ropp purchased 1,000 shares of Entergy stock in a transaction dated Thursday, August 6th. The shares were acquired at an average cost of $106.08 per share, for a total transaction of $106,080.00. Following the transaction, the director directly owned 3,423 shares of the company’s stock, 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 filing with the SEC, which is available at this link. Also, insider Laura Landreaux sold 5,600 shares of Entergy stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $106.20, for a total value of $594,720.00. Following the sale, the insider directly owned 22,589 shares of the company’s stock, valued at approximately $2,398,951.80. This trade represents a 19.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.21% of the company’s stock.

About Entergy

Entergy Corporation is an integrated energy company that operates as a regulated electric utility. Through its operating companies, the company generates, transmits and distributes electricity to residential, commercial, industrial and governmental customers. Its generation portfolio includes nuclear, natural gas, renewable and other power resources, while its transmission and distribution networks deliver electricity across its service territories.

Entergy serves customers in Arkansas, Louisiana, Mississippi and Texas, including the New Orleans area through Entergy New Orleans.