Entergy Co. (NYSE:ETR) Declares $1.13 Quarterly Dividend

Entergy Co. (NYSE:ETR) announced a quarterly dividend on Friday, July 26th, RTT News reports. Stockholders of record on Tuesday, August 13th will be given a dividend of 1.13 per share by the utilities provider on Tuesday, September 3rd. This represents a $4.52 annualized dividend and a dividend yield of 3.98%.

Entergy has increased its dividend by an average of 5.1% annually over the last three years. Entergy has a payout ratio of 58.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Entergy to earn $7.73 per share next year, which means the company should continue to be able to cover its $4.52 annual dividend with an expected future payout ratio of 58.5%.

Entergy Stock Up 2.0 %

Entergy stock traded up $2.21 during trading on Friday, hitting $113.63. 1,403,489 shares of the company were exchanged, compared to its average volume of 1,507,069. The business’s 50 day moving average is $108.47 and its 200 day moving average is $105.14. Entergy has a 52 week low of $87.10 and a 52 week high of $114.28. The company has a market capitalization of $24.26 billion, a P/E ratio of 11.40, a PEG ratio of 2.12 and a beta of 0.71. The company has a current ratio of 0.69, a quick ratio of 0.45 and a debt-to-equity ratio of 1.68.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Wednesday, April 24th. The utilities provider reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.36). Entergy had a return on equity of 10.20% and a net margin of 17.75%. The company had revenue of $31.17 billion for the quarter, compared to the consensus estimate of $3.16 billion. During the same quarter last year, the company posted $1.14 EPS. The company’s quarterly revenue was down .5% compared to the same quarter last year. Analysts predict that Entergy will post 7.21 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Haley Fisackerly sold 1,500 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $110.23, for a total transaction of $165,345.00. Following the sale, the insider now owns 2,479 shares of the company’s stock, valued at approximately $273,260.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Reginald T. Jackson sold 9,229 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $108.71, for a total transaction of $1,003,284.59. Following the sale, the chief accounting officer now owns 2,166 shares of the company’s stock, valued at approximately $235,465.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Haley Fisackerly sold 1,500 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $110.23, for a total value of $165,345.00. Following the completion of the transaction, the insider now owns 2,479 shares in the company, valued at $273,260.17. The disclosure for this sale can be found here. 0.39% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Barclays decreased their price target on Entergy from $116.00 to $115.00 and set an “equal weight” rating for the company in a report on Monday. Mizuho boosted their price objective on Entergy from $107.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, May 31st. Scotiabank cut their price objective on Entergy from $111.00 to $104.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. KeyCorp boosted their price objective on Entergy from $112.00 to $123.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th. Finally, Morgan Stanley cut their price objective on Entergy from $103.00 to $98.00 and set an “underweight” rating on the stock in a research report on Monday, June 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $113.42.

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.