Entergy (ETR) Receiving Somewhat Favorable Media Coverage, Study Shows
Media coverage about Entergy (NYSE:ETR) has been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Entergy earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned media headlines about the utilities provider an impact score of 45.8493077739001 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- N.Y. power seen sufficient after Indian Point nuclear retirement -report (finance.yahoo.com)
- Entergy Corp. – Value Analysis (NYSE:ETR) : December 13, 2017 (finance.yahoo.com)
- Entergy (ETR) Price Target Raised to $88.00 at Morgan Stanley (americanbankingnews.com)
- Entergy Corp. breached its 50 day moving average in a Bullish Manner : ETR-US : December 12, 2017 (finance.yahoo.com)
Several research firms have recently weighed in on ETR. Morgan Stanley lifted their price objective on Entergy from $86.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Bank of America raised Entergy from a “neutral” rating to a “buy” rating and set a $89.00 price objective for the company in a research report on Tuesday. TheStreet lowered Entergy from a “b-” rating to a “c+” rating in a research report on Wednesday, December 6th. Mizuho raised Entergy from a “neutral” rating to a “buy” rating in a research report on Friday, November 17th. Finally, Wells Fargo & Company reissued an “outperform” rating and issued a $96.00 price objective (up from $90.00) on shares of Entergy in a research report on Wednesday, October 25th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $83.17.
Shares of Entergy (NYSE:ETR) traded up $1.14 during trading on Friday, reaching $83.80. The company had a trading volume of 4,644,300 shares, compared to its average volume of 1,226,336. Entergy has a twelve month low of $69.63 and a twelve month high of $87.95. The company has a market cap of $15,018.55, a price-to-earnings ratio of 12.32, a price-to-earnings-growth ratio of 1.72 and a beta of 0.55. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.78 and a quick ratio of 0.58.
Entergy (NYSE:ETR) last issued its earnings results on Tuesday, October 24th. The utilities provider reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $2.24 by $0.11. Entergy had a positive return on equity of 14.76% and a negative net margin of 7.82%. The business had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same period in the previous year, the company posted $2.31 EPS. sell-side analysts predict that Entergy will post 6.91 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Thursday, November 9th were given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 4.25%. This is a positive change from Entergy’s previous quarterly dividend of $0.87. The ex-dividend date was Wednesday, November 8th. Entergy’s payout ratio is presently -72.06%.
In related news, COO Paul D. Hinnenkamp sold 2,300 shares of the business’s stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $84.00, for a total value of $193,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Haley Fisackerly sold 4,800 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $87.00, for a total value of $417,600.00. Following the completion of the sale, the insider now directly owns 5,276 shares of the company’s stock, valued at $459,012. The disclosure for this sale can be found here. Insiders sold a total of 57,812 shares of company stock valued at $4,907,522 over the last ninety days. 0.24% of the stock is currently owned by corporate insiders.
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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