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

Entergy Co. (NYSE:ETR) announced a quarterly dividend on Monday, April 8th, RTT News reports. Shareholders of record on Thursday, May 2nd will be given a dividend of 1.13 per share by the utilities provider on Monday, June 3rd. This represents a $4.52 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date is Wednesday, May 1st.

Entergy has increased its dividend by an average of 5.1% per year over the last three years and has increased its dividend annually for the last 9 consecutive years. Entergy has a dividend payout ratio of 58.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Entergy to earn $7.71 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 58.6%.

Entergy Price Performance

Shares of NYSE ETR opened at $107.17 on Tuesday. Entergy has a fifty-two week low of $87.10 and a fifty-two week high of $108.81. The firm’s 50-day simple moving average is $103.55 and its 200 day simple moving average is $100.85. The company has a quick ratio of 0.45, a current ratio of 0.69 and a debt-to-equity ratio of 1.68. The stock has a market cap of $22.85 billion, a P/E ratio of 10.75, a P/E/G ratio of 1.98 and a beta of 0.71.

Entergy (NYSE:ETR) last issued its quarterly earnings results on Wednesday, April 24th. The utilities provider reported $1.08 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 business had revenue of $31.17 billion during the quarter, compared to the consensus estimate of $3.16 billion. During the same quarter last year, the firm posted $1.14 earnings per share. Entergy’s revenue was down .5% compared to the same quarter last year. Equities analysts expect that Entergy will post 7.22 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ETR shares. Scotiabank dropped their price target on Entergy from $111.00 to $104.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. KeyCorp lifted their price target on Entergy from $108.00 to $112.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. Royal Bank of Canada reissued an “outperform” rating and issued a $117.00 price target on shares of Entergy in a research note on Monday, February 26th. BMO Capital Markets lifted their price target on Entergy from $110.00 to $113.00 and gave the stock an “outperform” rating in a research note on Monday, February 26th. Finally, Barclays dropped their price target on Entergy from $108.00 to $107.00 and set an “equal weight” rating on the stock in a research note on Monday, April 15th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Entergy presently has a consensus rating of “Moderate Buy” and a consensus price target of $109.45.

Insider Buying and Selling at Entergy

In other news, EVP Marcus V. Brown sold 8,500 shares of Entergy stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $102.84, for a total transaction of $874,140.00. Following the completion of the sale, the executive vice president now directly owns 9,911 shares in the company, valued at approximately $1,019,247.24. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, EVP Marcus V. Brown sold 8,500 shares of Entergy stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $102.84, for a total transaction of $874,140.00. Following the completion of the sale, the executive vice president now directly owns 9,911 shares in the company, valued at approximately $1,019,247.24. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Kimberly Cook-Nelson sold 2,000 shares of Entergy stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $100.35, for a total value of $200,700.00. Following the sale, the executive vice president now owns 16,037 shares of the company’s stock, valued at $1,609,312.95. The disclosure for this sale can be found here. Insiders have sold a total of 12,000 shares of company stock valued at $1,226,685 in the last 90 days. 0.54% of the stock is currently owned by corporate 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.