Entergy Co. (ETR) to Issue Quarterly Dividend of $1.13 on March 1st

Entergy Co. (NYSE:ETRGet Free Report) announced a quarterly dividend on Friday, January 26th, RTT News reports. Investors of record on Friday, February 9th will be paid a dividend of 1.13 per share by the utilities provider on Friday, March 1st. This represents a $4.52 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date is Thursday, February 8th.

Entergy has raised its dividend payment by an average of 5.1% per year over the last three years and has increased its dividend every year for the last 9 years. Entergy has a payout ratio of 58.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Entergy to earn $7.22 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 62.6%.

Entergy Trading Down 1.0 %

Shares of NYSE:ETR opened at $99.60 on Tuesday. The stock has a market capitalization of $21.06 billion, a PE ratio of 14.31, a P/E/G ratio of 1.99 and a beta of 0.71. Entergy has a 1 year low of $87.10 and a 1 year high of $111.90. The firm has a fifty day moving average price of $101.28 and a 200 day moving average price of $98.15. The company has a current ratio of 0.91, a quick ratio of 0.65 and a debt-to-equity ratio of 1.80.

Insider Activity

In related news, EVP Marcus V. Brown sold 38,417 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $101.53, for a total value of $3,900,478.01. Following the completion of the transaction, the executive vice president now owns 9,380 shares of the company’s stock, valued at $952,351.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.37% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Chilton Capital Management LLC acquired a new position in Entergy in the first quarter worth about $140,000. AM Squared Ltd acquired a new position in Entergy in the first quarter worth about $129,000. ICA Group Wealth Management LLC acquired a new stake in shares of Entergy during the fourth quarter worth approximately $115,000. First Horizon Advisors Inc. increased its holdings in shares of Entergy by 38.6% during the first quarter. First Horizon Advisors Inc. now owns 1,042 shares of the utilities provider’s stock worth $112,000 after buying an additional 290 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Entergy during the first quarter worth approximately $107,000. Institutional investors and hedge funds own 86.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ETR. Barclays upped their price target on shares of Entergy from $99.00 to $104.00 and gave the company an “equal weight” rating in a report on Tuesday, January 2nd. Mizuho decreased their price target on shares of Entergy from $113.00 to $105.00 and set a “buy” rating for the company in a report on Friday, November 3rd. Bank of America upgraded shares of Entergy from a “neutral” rating to a “buy” rating and upped their price target for the company from $94.00 to $110.00 in a report on Tuesday, November 21st. Royal Bank of Canada cut shares of Entergy from an “outperform” rating to a “sector perform” rating and set a $117.00 price target for the company. in a report on Wednesday, November 8th. Finally, JPMorgan Chase & Co. upped their price target on shares of Entergy from $117.00 to $121.00 and gave the company an “overweight” rating in a report on Friday, December 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $110.82.

Get Our Latest Analysis on ETR

Entergy Company Profile

(Get Free Report)

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. The company operates in two segments, Utility and Entergy Wholesale Commodities. The Utility segment 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.

Featured Articles

Dividend History for Entergy (NYSE:ETR)

Receive News & Ratings for Entergy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entergy and related companies with MarketBeat.com's FREE daily email newsletter.