KeyCorp Weighs in on Entergy Co.’s FY2022 Earnings (NYSE:ETR)

Entergy Co. (NYSE:ETR) – KeyCorp upped their FY2022 EPS estimates for Entergy in a report released on Wednesday, January 12th. KeyCorp analyst S. Karp now forecasts that the utilities provider will earn $6.28 per share for the year, up from their prior forecast of $6.21. KeyCorp also issued estimates for Entergy’s FY2023 earnings at $6.73 EPS.

Other equities analysts have also recently issued reports about the stock. Morgan Stanley cut shares of Entergy from an “equal weight” rating to an “underweight” rating and set a $106.00 price objective for the company. in a research report on Thursday, January 6th. BMO Capital Markets decreased their target price on shares of Entergy from $121.00 to $117.00 and set an “outperform” rating on the stock in a research report on Monday, September 27th. Mizuho upped their target price on shares of Entergy from $114.00 to $117.00 and gave the company a “buy” rating in a research report on Thursday, October 21st. Finally, Vertical Research cut shares of Entergy from a “buy” rating to a “hold” rating and set a $117.00 price target on the stock. in a research report on Monday, January 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $115.33.

Shares of NYSE ETR opened at $111.07 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.46 and a debt-to-equity ratio of 2.12. The company has a 50 day simple moving average of $107.39 and a two-hundred day simple moving average of $106.33. Entergy has a 12 month low of $85.78 and a 12 month high of $115.01. The stock has a market cap of $22.32 billion, a price-to-earnings ratio of 17.94, a PEG ratio of 17.29 and a beta of 0.63.

Entergy (NYSE:ETR) last issued its quarterly earnings data on Wednesday, November 3rd. The utilities provider reported $2.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.05). The firm had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.01 billion. Entergy had a return on equity of 11.08% and a net margin of 11.11%. During the same period in the previous year, the firm earned $2.44 EPS.

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 1st. Investors of record on Monday, November 15th were given a dividend of $1.01 per share. This is a positive change from Entergy’s previous quarterly dividend of $0.95. This represents a $4.04 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend was Friday, November 12th. Entergy’s dividend payout ratio is currently 65.27%.

In other news, insider Laura R. Landreaux sold 450 shares of the stock in a transaction on Friday, November 19th. The stock was sold at an average price of $105.75, for a total value of $47,587.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.34% of the company’s stock.

A number of institutional investors have recently made changes to their positions in ETR. Krane Funds Advisors LLC increased its holdings in shares of Entergy by 2.5% during the 2nd quarter. Krane Funds Advisors LLC now owns 3,791 shares of the utilities provider’s stock valued at $378,000 after acquiring an additional 93 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in Entergy by 0.8% in the 4th quarter. Louisiana State Employees Retirement System now owns 12,600 shares of the utilities provider’s stock valued at $1,419,000 after buying an additional 100 shares during the last quarter. IFG Advisory LLC grew its holdings in Entergy by 3.5% in the 3rd quarter. IFG Advisory LLC now owns 3,072 shares of the utilities provider’s stock valued at $305,000 after buying an additional 104 shares during the last quarter. Gluskin Sheff & Assoc Inc. grew its holdings in Entergy by 0.3% in the 2nd quarter. Gluskin Sheff & Assoc Inc. now owns 35,336 shares of the utilities provider’s stock valued at $3,523,000 after buying an additional 120 shares during the last quarter. Finally, Assetmark Inc. grew its holdings in Entergy by 66.7% in the 2nd quarter. Assetmark Inc. now owns 300 shares of the utilities provider’s stock valued at $30,000 after buying an additional 120 shares during the last quarter. 89.00% of the stock is owned by hedge funds and other institutional investors.

Entergy Company Profile

Entergy Corp. is a holding company, which engages in electric power generation and distribution. It operates through the following segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution, and sale of electric power; and operations of a natural gas distribution business.

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Earnings History and Estimates for Entergy (NYSE:ETR)

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