Entergy Corporation to Issue Quarterly Dividend of $0.60 (NYSE:ETR)

Entergy Corporation (NYSE:ETR) declared a quarterly dividend on Friday, January 31st,RTT News reports. Shareholders of record on Monday, February 10th will be given a dividend of 0.60 per share by the utilities provider on Monday, March 3rd. This represents a $2.40 dividend on an annualized basis and a yield of 2.96%.

Entergy has raised its dividend payment by an average of 5.9% per year over the last three years. Entergy has a payout ratio of 55.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Entergy to earn $3.85 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 62.3%.

Entergy Trading Down 0.0 %

NYSE ETR opened at $81.17 on Friday. Entergy has a 52 week low of $48.08 and a 52 week high of $84.26. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.59 and a current ratio of 0.89. The stock’s 50 day moving average price is $77.23 and its two-hundred day moving average price is $68.70. The stock has a market capitalization of $34.81 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 2.44 and a beta of 0.71.

Entergy (NYSE:ETR) last announced its quarterly earnings data on Thursday, October 31st. The utilities provider reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.04. Entergy had a net margin of 14.83% and a return on equity of 9.53%. The business had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.46 billion. During the same quarter in the previous year, the firm posted $1.64 earnings per share. As a group, analysts anticipate that Entergy will post 3.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ETR has been the topic of several analyst reports. Scotiabank cut their price target on shares of Entergy from $165.00 to $82.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 7th. KeyCorp cut Entergy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. Wells Fargo & Company boosted their price target on Entergy from $68.50 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Royal Bank of Canada increased their price objective on Entergy from $68.50 to $70.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Finally, Barclays boosted their target price on shares of Entergy from $68.50 to $76.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $79.81.

Insider Activity at Entergy

In other news, insider Eliecer Viamontes sold 400 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $73.50, for a total value of $29,400.00. Following the completion of the transaction, the insider now directly owns 8,346 shares in the company, valued at approximately $613,431. The trade was a 4.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Haley Fisackerly sold 8,268 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $74.52, for a total transaction of $616,090.02. Following the sale, the insider now owns 4,032 shares in the company, valued at $300,444.48. This represents a 67.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,756 shares of company stock worth $1,095,637 in the last ninety days. 0.39% of the stock is owned by company insiders.

Entergy Company Profile

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.