Entergy Corporation (NYSE:ETR - Get Free Report) announced a quarterly dividend on Monday, April 7th, RTT News reports. Shareholders of record on Friday, May 2nd will be given a dividend of 0.60 per share by the utilities provider on Monday, June 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.94%. The ex-dividend date is Friday, May 2nd.
Entergy has increased its dividend by an average of 5.9% per year over the last three years. Entergy has a payout ratio of 55.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Entergy to earn $4.30 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 55.8%.
Entergy Price Performance
ETR stock traded up $1.43 during mid-day trading on Friday, hitting $81.71. 3,384,251 shares of the stock were exchanged, compared to its average volume of 3,694,283. The business has a fifty day moving average price of $83.48 and a 200 day moving average price of $77.26. Entergy has a 12 month low of $50.19 and a 12 month high of $88.38. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.72 and a quick ratio of 0.59. The stock has a market capitalization of $35.20 billion, a price-to-earnings ratio of 33.55, a PEG ratio of 2.34 and a beta of 0.56.
Entergy (NYSE:ETR - Get Free Report) last released its earnings results on Tuesday, February 18th. The utilities provider reported $0.66 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.03. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $3.24 billion. Entergy had a return on equity of 10.68% and a net margin of 8.90%. During the same quarter in the previous year, the company posted $0.26 EPS. On average, sell-side analysts anticipate that Entergy will post 3.88 EPS for the current year.
Wall Street Analyst Weigh In
ETR has been the subject of a number of research reports. Wells Fargo & Company upped their price objective on shares of Entergy from $85.00 to $97.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. BMO Capital Markets cut their price target on shares of Entergy from $94.00 to $89.00 and set an "outperform" rating for the company in a research report on Friday. Barclays raised their price objective on Entergy from $79.00 to $88.00 and gave the company an "overweight" rating in a research note on Tuesday. JPMorgan Chase & Co. boosted their target price on Entergy from $87.00 to $98.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. Finally, Morgan Stanley raised their price target on Entergy from $75.00 to $78.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. Six 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $85.25.
Check Out Our Latest Research Report on ETR
Institutional Trading of Entergy
An institutional investor recently raised its position in Entergy stock. Brighton Jones LLC grew its position in shares of Entergy Corporation (NYSE:ETR - Free Report) by 275.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 9,176 shares of the utilities provider's stock after acquiring an additional 6,733 shares during the period. Brighton Jones LLC's holdings in Entergy were worth $696,000 at the end of the most recent quarter. 88.07% of the stock is owned by institutional investors.
About Entergy
(
Get Free Report)
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.
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