Entergy (NYSE:ETR) updated its FY 2021 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $5.800-$6.100 for the period, compared to the Thomson Reuters consensus estimate of $5.990. The company issued revenue guidance of -.Entergy also updated its FY 2022 guidance to $6.150-$6.450 EPS.
Several equities research analysts recently commented on the company. Wells Fargo & Company raised their target price on Entergy from $120.00 to $125.00 and gave the stock an overweight rating in a research note on Tuesday, August 17th. Citigroup raised their target price on Entergy from $101.00 to $110.00 and gave the stock a neutral rating in a research note on Thursday, August 5th. Morgan Stanley cut their price target on Entergy from $123.00 to $122.00 and set an equal weight rating on the stock in a report on Friday. Finally, Mizuho cut their price target on Entergy from $127.00 to $114.00 and set a buy rating on the stock in a report on Tuesday. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Buy and a consensus target price of $118.00.
Shares of ETR stock traded down $1.53 during trading hours on Tuesday, reaching $107.98. The company had a trading volume of 1,810,092 shares, compared to its average volume of 1,317,818. Entergy has a 12 month low of $85.78 and a 12 month high of $115.01. The company has a debt-to-equity ratio of 2.22, a current ratio of 1.00 and a quick ratio of 0.70. The business has a fifty day simple moving average of $108.59 and a 200-day simple moving average of $104.84. The company has a market cap of $21.70 billion, a price-to-earnings ratio of 17.56, a price-to-earnings-growth ratio of 13.78 and a beta of 0.57.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 1st. Stockholders of record on Thursday, August 12th were issued a $0.95 dividend. The ex-dividend date was Wednesday, August 11th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.52%. Entergy’s dividend payout ratio is presently 67.14%.
An institutional investor recently raised its position in Entergy stock. Morgan Stanley increased its holdings in shares of Entergy Co. (NYSE:ETR) by 14.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 739,162 shares of the utilities provider’s stock after acquiring an additional 94,447 shares during the quarter. Morgan Stanley owned approximately 0.37% of Entergy worth $73,696,000 as of its most recent SEC filing. 86.16% of the stock is currently 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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