Scotiabank Has Positive Forecast for Entergy FY2026 Earnings

Entergy Corporation (NYSE:ETR) – Analysts at Scotiabank raised their FY2026 earnings estimates for Entergy in a research report issued to clients and investors 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 forecast of $4.38. Scotiabank has an “Outperform” rating and a $121.00 price target 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 earnings results on Monday, November 2nd. The utilities provider reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.25. 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 11.44% and a net margin of 14.63%. During the same quarter last year, the business posted $1.53 EPS.

ETR has been the topic of a number of other reports. BMO Capital Markets reduced their price target on shares of Entergy from $124.00 to $123.00 and set an “outperform” rating on the stock in a research note on Thursday, July 30th. KeyCorp lowered their price objective on shares of Entergy from $123.00 to $118.00 and set an “overweight” rating for the company in a research report on Tuesday, October 13th. BTIG Research restated a “buy” rating and issued a $124.00 target price (up from $117.00) on shares of Entergy in a research report on Tuesday, November 3rd. Bank of America boosted their target price on shares of Entergy from $112.00 to $115.00 in a research note on Monday, July 27th. Finally, Morgan Stanley upped their price target on shares of Entergy from $98.00 to $101.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 21st. Twenty analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $121.57.

Entergy Stock Down 0.0%

Shares of NYSE ETR opened at $111.97 on Friday. The company has a market cap of $53.50 billion, a price-to-earnings ratio of 25.74, a PEG ratio of 2.50 and a beta of 0.44. The company has a current ratio of 1.18, a quick ratio of 0.93 and a debt-to-equity ratio of 1.70. Entergy has a 12 month low of $90.87 and a 12 month high of $118.44. The stock has a 50-day moving average price of $105.20 and a two-hundred day moving average price of $108.03.

Entergy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 13th will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $2.72 annualized dividend and a yield of 2.4%. This is an increase from Entergy’s previous quarterly dividend of $0.64. Entergy’s dividend payout ratio is 58.85%.

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 stock was sold at an average price of $106.20, for a total transaction of $594,720.00. Following the transaction, the insider directly 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.21% of the company’s stock.

Institutional Investors Weigh In On Entergy

A number of institutional investors have recently modified their holdings of the company. BlackRock Inc. bought a new stake in Entergy in the second quarter worth approximately $4,861,376,000. Bank of America Corp DE acquired a new position in Entergy during the 2nd quarter worth approximately $1,991,669,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Entergy in the second quarter worth approximately $633,338,000. Legal & General Group Plc bought a new position in Entergy in the second quarter worth approximately $430,404,000. Finally, Deutsche Bank AG bought a new position in Entergy in the second quarter worth approximately $289,303,000. 88.07% of the stock is owned by institutional investors.

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.