Entergy Co. (ETR) to Distribute Quarterly Dividend of $1.20 on December 2nd

Entergy Co. (NYSE:ETR) declared a quarterly dividend on Friday, October 25th, RTT News reports. Shareholders of record on Wednesday, November 13th will be paid 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 3.55%. This is a positive change from Entergy’s previous quarterly dividend of $1.13.

Entergy has increased its dividend payment by an average of 5.1% per year over the last three years. Entergy has a dividend payout ratio of 58.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Entergy to earn $7.74 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 58.4%.

Entergy Trading Down 1.5 %

Shares of Entergy stock opened at $135.38 on Friday. Entergy has a 12-month low of $90.78 and a 12-month high of $138.24. The stock has a market capitalization of $28.95 billion, a P/E ratio of 16.19, a price-to-earnings-growth ratio of 2.55 and a beta of 0.74. The company has a 50-day simple moving average of $127.51 and a 200 day simple moving average of $115.90. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 1.81.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Thursday, August 1st. The utilities provider reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.16. The company had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.98 billion. Entergy had a net margin of 14.75% and a return on equity of 10.10%. During the same quarter last year, the business posted $1.84 earnings per share. Research analysts expect that Entergy will post 7.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on ETR shares. Bank of America increased their target price on Entergy from $135.00 to $138.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Wells Fargo & Company increased their price objective on shares of Entergy from $125.00 to $137.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Morgan Stanley boosted their target price on shares of Entergy from $109.00 to $115.00 and gave the stock an “underweight” rating in a research note on Wednesday, September 25th. Argus raised shares of Entergy to a “strong-buy” rating in a research note on Wednesday, August 28th. Finally, BMO Capital Markets boosted their price objective on shares of Entergy from $131.00 to $140.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $131.19.

Insider Transactions at Entergy

In other Entergy news, COO Peter S. Norgeot, Jr. sold 7,922 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $130.00, for a total value of $1,029,860.00. Following the transaction, the chief operating officer now owns 34,993 shares of the company’s stock, valued at approximately $4,549,090. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Andrew S. Marsh sold 3,200 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $121.46, for a total value of $388,672.00. Following the completion of the sale, the chief executive officer now owns 150,731 shares in the company, valued at $18,307,787.26. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Peter S. Norgeot, Jr. sold 7,922 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $130.00, for a total value of $1,029,860.00. Following the sale, the chief operating officer now directly owns 34,993 shares in the company, valued at $4,549,090. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,810 shares of company stock worth $6,140,626 in the last three months. Insiders own 0.39% of the company’s stock.

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.