Entergy Corporation to Issue Quarterly Dividend of $0.64 (NYSE:ETR)

Entergy Corporation (NYSE:ETR) announced a quarterly dividend on Friday, January 30th. Stockholders of record on Monday, February 9th will be given a dividend of 0.64 per share by the utilities provider on Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Monday, February 9th.

Entergy has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 10 years. Entergy has a payout ratio of 58.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Entergy to earn $4.30 per share next year, which means the company should continue to be able to cover its $2.56 annual dividend with an expected future payout ratio of 59.5%.

Entergy Price Performance

Shares of ETR opened at $98.04 on Friday. The firm has a market capitalization of $43.78 billion, a PE ratio of 24.21, a price-to-earnings-growth ratio of 2.16 and a beta of 0.65. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.71 and a quick ratio of 0.48. Entergy has a 1-year low of $75.57 and a 1-year high of $98.58. The company’s fifty day moving average price is $94.00 and its 200-day moving average price is $92.90.

Wall Street Analysts Forecast Growth

ETR has been the subject of a number of research reports. BMO Capital Markets reaffirmed an “outperform” rating and set a $104.00 price target (up previously from $96.00) on shares of Entergy in a research report on Tuesday, October 14th. Bank of America lifted their target price on Entergy from $88.00 to $97.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. JPMorgan Chase & Co. dropped their target price on Entergy from $113.00 to $108.00 and set an “overweight” rating on the stock in a research report on Thursday, December 11th. Barclays set a $96.00 price target on shares of Entergy and gave the stock an “overweight” rating in a report on Thursday, January 15th. Finally, BTIG Research upgraded shares of Entergy to a “strong-buy” rating in a research note on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $104.83.

Entergy Company Profile

Entergy Corporation (NYSE:ETR) is an integrated energy company headquartered in New Orleans, Louisiana, that generates, transmits and distributes electricity. The company’s operations combine regulated utility services with competitive power production, supplying retail electricity to residential, commercial and industrial customers while also participating in wholesale energy markets. Entergy’s generation fleet includes nuclear, natural gas, hydropower and other resources, and it operates a network of transmission and distribution assets to deliver power to end users.

Entergy conducts its regulated utility business through state-based operating subsidiaries that serve customers across parts of Arkansas, Louisiana, Mississippi and southeast Texas.