Entergy Co. (NYSE:ETR) to Issue $0.93 Quarterly Dividend

Entergy Co. (NYSE:ETR) declared a quarterly dividend on Friday, July 31st, RTT News reports. Stockholders of record on Thursday, August 13th will be paid a dividend of 0.93 per share by the utilities provider on Tuesday, September 1st. This represents a $3.72 annualized dividend and a dividend yield of 3.54%.

Entergy has increased its dividend payment by an average of 7.0% per year over the last three years and has increased its dividend every year for the last 5 years. Entergy has a payout ratio of 67.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Entergy to earn $5.95 per share next year, which means the company should continue to be able to cover its $3.72 annual dividend with an expected future payout ratio of 62.5%.

Shares of Entergy stock opened at $105.13 on Friday. The company has a fifty day simple moving average of $97.55 and a 200-day simple moving average of $106.16. Entergy has a 12-month low of $75.19 and a 12-month high of $135.55. The company has a current ratio of 0.58, a quick ratio of 0.49 and a debt-to-equity ratio of 1.75. The stock has a market cap of $21.04 billion, a price-to-earnings ratio of 17.18, a PEG ratio of 3.28 and a beta of 0.55.

Entergy (NYSE:ETR) last issued its earnings results on Wednesday, July 29th. The utilities provider reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.11. Entergy had a net margin of 11.95% and a return on equity of 11.36%. The business had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.81 billion. During the same quarter in the prior year, the business posted $1.35 EPS. On average, analysts forecast that Entergy will post 5.57 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on the stock. Wells Fargo & Co lowered their target price on shares of Entergy from $150.00 to $120.00 and set an “overweight” rating for the company in a report on Tuesday, May 12th. JPMorgan Chase & Co. lowered their target price on shares of Entergy from $127.00 to $115.00 and set an “overweight” rating for the company in a report on Wednesday, May 27th. KeyCorp decreased their price target on shares of Entergy from $136.00 to $125.00 and set an “overweight” rating for the company in a research note on Tuesday, July 21st. UBS Group upgraded shares of Entergy from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $140.00 to $125.00 in a research note on Friday, June 5th. Finally, Mizuho increased their price target on shares of Entergy from $95.00 to $113.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $116.46.

About Entergy

Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. It generates electricity through gas/oil, nuclear, coal, hydro, and solar power sources. The company's Utility segment generates, transmits, distributes, and sells electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and distributes natural gas.

Further Reading: Sell-Side Analysts

Dividend History for Entergy (NYSE:ETR)

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