Entergy Corporation (ETR) To Go Ex-Dividend on February 10th

Entergy Corporation (NYSE:ETR) announced a quarterly dividend on Friday, January 31st,RTT News reports. Investors of record on Monday, February 10th will be given a dividend of 0.60 per share by the utilities provider on Monday, March 3rd. This represents a $2.40 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Monday, February 10th.

Entergy has increased its dividend payment by an average of 5.9% per year over the last three years. Entergy has a dividend payout ratio of 55.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Entergy to earn $3.88 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 61.9%.

Entergy Stock Down 0.5 %

ETR opened at $82.37 on Friday. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.89 and a quick ratio of 0.59. Entergy has a one year low of $48.08 and a one year high of $84.26. The firm has a market capitalization of $35.32 billion, a P/E ratio of 20.07, a price-to-earnings-growth ratio of 2.53 and a beta of 0.72. The company has a fifty day moving average price of $77.59 and a 200-day moving average price of $69.46.

Insider Activity

In other Entergy news, insider Haley Fisackerly sold 8,268 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $74.52, for a total value of $616,090.02. Following the transaction, the insider now owns 4,032 shares in the company, valued at approximately $300,444.48. The trade was a 67.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Deanna D. Rodriguez sold 6,088 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $73.94, for a total transaction of $450,146.72. Following the sale, the insider now owns 3,952 shares of the company’s stock, valued at approximately $292,210.88. This represents a 60.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.39% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Scotiabank decreased their target price on Entergy from $165.00 to $82.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 7th. LADENBURG THALM/SH SH upgraded shares of Entergy from a “neutral” rating to a “buy” rating and set a $86.50 price objective on the stock in a research report on Thursday, January 30th. KeyCorp lowered shares of Entergy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. UBS Group increased their price target on shares of Entergy from $72.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Finally, BMO Capital Markets lowered their price objective on shares of Entergy from $83.00 to $79.50 and set an “outperform” rating on the stock in a research report on Monday, November 18th. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $79.81.

About Entergy

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.