Entergy Co. (NYSE:ETR) to Issue Quarterly Dividend of $1.20

Entergy Co. (NYSE:ETR) declared a quarterly dividend on Friday, October 25th,RTT News reports. Stockholders of record on Wednesday, November 13th will be given a dividend of 1.20 per share by the utilities provider on Monday, December 2nd. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date is Wednesday, November 13th. This is an increase from Entergy’s previous quarterly dividend of $1.13.

Entergy has increased its dividend by an average of 5.1% annually over the last three years. Entergy has a dividend payout ratio of 62.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Entergy to earn $7.74 per share next year, which means the company should continue to be able to cover its $4.80 annual dividend with an expected future payout ratio of 62.0%.

Entergy Stock Performance

ETR stock opened at $150.35 on Tuesday. The business’s fifty day moving average is $132.94 and its 200-day moving average is $119.02. The company has a quick ratio of 0.59, a current ratio of 0.89 and a debt-to-equity ratio of 1.77. The company has a market cap of $32.24 billion, a P/E ratio of 18.31, a price-to-earnings-growth ratio of 2.49 and a beta of 0.71. Entergy has a twelve month low of $94.85 and a twelve month high of $156.85.

Entergy (NYSE:ETR) last posted its quarterly earnings results on Thursday, October 31st. The utilities provider reported $2.99 earnings per share for the quarter, beating analysts’ consensus estimates of $2.91 by $0.08. The company had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.46 billion. Entergy had a return on equity of 9.53% and a net margin of 14.83%. During the same quarter in the prior year, the business posted $3.27 EPS. Equities research analysts forecast that Entergy will post 7.21 EPS for the current year.

Insiders Place Their Bets

In other Entergy news, insider Eliecer Viamontes sold 200 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $147.00, for a total transaction of $29,400.00. Following the completion of the sale, the insider now directly owns 4,173 shares in the company, valued at $613,431. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Andrew S. Marsh sold 600 shares of Entergy stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $120.03, for a total value of $72,018.00. Following the completion of the sale, the chief executive officer now directly owns 150,731 shares in the company, valued at approximately $18,092,241.93. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Eliecer Viamontes sold 200 shares of Entergy stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $147.00, for a total transaction of $29,400.00. Following the completion of the sale, the insider now owns 4,173 shares of the company’s stock, valued at approximately $613,431. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 36,338 shares of company stock worth $4,460,238 over the last three months. Insiders own 0.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on ETR. JPMorgan Chase & Co. upped their price objective on shares of Entergy from $131.00 to $141.00 and gave the company an “overweight” rating in a research report on Monday, August 12th. Guggenheim increased their target price on Entergy from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, November 1st. UBS Group increased their target price on Entergy from $143.00 to $144.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Barclays increased their target price on Entergy from $137.00 to $152.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Finally, Wells Fargo & Company raised their price objective on Entergy from $137.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Entergy has a consensus rating of “Moderate Buy” and an average target price of $150.96.

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.