Somewhat Favorable News Coverage Likely to Affect Entergy (ETR) Share Price
Press coverage about Entergy (NYSE:ETR) has been trending somewhat positive recently, Alpha One Sentiment reports. The research firm, a service of Accern, rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Entergy earned a media sentiment score of 0.03 on Alpha One’s scale. Alpha One also gave news coverage about the utilities provider an impact score of 77 out of 100, meaning that recent media coverage is likely to have an effect on the stock’s share price in the near term.
Here are some of the news articles that may have effected AlphaOne Sentiment’s rankings:
- Burney Co Has Lowered By $383,240 Its Toro Co (TTC) Holding; Shorts at Psivida (PSDV) Lowered By 9.78% (whatsonthorold.com)
- Entergy Announces First Quarter Earnings Conference Call (finance.yahoo.com)
- Entergy’s (ETR) “Neutral” Rating Reaffirmed at Mizuho (americanbankingnews.com)
- Entergy Co. (ETR) Downgraded to Hold at Zacks Investment Research (americanbankingnews.com)
- Entergy (ETR) Getting Somewhat Positive Media Coverage, Report Finds (americanbankingnews.com)
A number of analysts have weighed in on ETR shares. Zacks Investment Research cut Entergy from a “buy” rating to a “hold” rating in a research report on Thursday, February 9th. Royal Bank of Canada reaffirmed a “hold” rating and set a $75.00 price objective on shares of Entergy in a research report on Wednesday, January 4th. Wells Fargo & Co raised Entergy from a “market perform” rating to an “outperform” rating in a research report on Thursday, March 16th. Goldman Sachs Group Inc cut Entergy from a “buy” rating to a “neutral” rating and set a $76.00 price objective for the company. in a research report on Thursday, March 23rd. They noted that the move was a valuation call. Finally, TheStreet cut Entergy from a “b” rating to a “c” rating in a research report on Wednesday, February 15th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $76.55.
Shares of Entergy (NYSE:ETR) traded down 0.73% during trading on Thursday, hitting $75.80. The stock had a trading volume of 737,133 shares. The firm’s market cap is $13.60 billion. Entergy has a one year low of $66.71 and a one year high of $82.08. The firm’s 50-day moving average is $75.67 and its 200-day moving average is $72.84.
Entergy (NYSE:ETR) last posted its quarterly earnings results on Wednesday, February 15th. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.18. The company had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Entergy had a return on equity of 15.70% and a net margin of 12.20%. During the same quarter in the prior year, the company earned $1.58 earnings per share. Equities research analysts forecast that Entergy will post $4.84 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Thursday, May 11th will be issued a $0.87 dividend. The ex-dividend date is Tuesday, May 9th. This represents a $3.48 annualized dividend and a dividend yield of 4.59%. Entergy’s dividend payout ratio is currently 48.60%.
In other Entergy news, EVP Marcus V. Brown sold 4,005 shares of the company’s stock in a transaction on Friday, February 24th. The stock was sold at an average price of $75.53, for a total value of $302,497.65. Following the transaction, the executive vice president now owns 24,847 shares of the company’s stock, valued at $1,876,693.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Sallie T. Rainer sold 500 shares of the company’s stock in a transaction on Wednesday, February 22nd. The shares were sold at an average price of $73.46, for a total value of $36,730.00. Following the completion of the transaction, the insider now directly owns 4,219 shares in the company, valued at approximately $309,927.74. The disclosure for this sale can be found here. 0.22% of the stock is currently owned by corporate insiders.
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Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company operates through two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business.
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