Media headlines about Entergy Corporation (NYSE:ETR) have trended positive on Tuesday, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Entergy Corporation earned a media sentiment score of 0.26 on Accern’s scale. Accern also gave news coverage about the utilities provider an impact score of 44.9179727730251 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Entergy Corporation (NYSE:ETR) traded down $0.86 during mid-day trading on Tuesday, hitting $85.65. The stock had a trading volume of 1,007,700 shares, compared to its average volume of 1,208,355. Entergy Corporation has a 52-week low of $67.56 and a 52-week high of $87.95. The company has a quick ratio of 0.58, a current ratio of 0.78 and a debt-to-equity ratio of 1.61. The stock has a market capitalization of $15,370.00, a PE ratio of 12.80, a P/E/G ratio of 1.78 and a beta of 0.57.
Entergy Corporation (NYSE:ETR) last posted its quarterly earnings results on Tuesday, October 24th. The utilities provider reported $2.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.24 by $0.11. Entergy Corporation had a positive return on equity of 14.76% and a negative net margin of 7.82%. The firm had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter in the previous year, the business earned $2.31 earnings per share. analysts expect that Entergy Corporation will post 6.93 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Thursday, November 9th will be paid a $0.89 dividend. The ex-dividend date of this dividend is Wednesday, November 8th. This represents a $3.56 annualized dividend and a dividend yield of 4.16%. This is a boost from Entergy Corporation’s previous quarterly dividend of $0.87. Entergy Corporation’s payout ratio is currently -72.06%.
ETR has been the topic of a number of recent analyst reports. TheStreet upgraded Entergy Corporation from a “c” rating to a “b-” rating in a research report on Friday, October 27th. BidaskClub upgraded Entergy Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. ValuEngine upgraded Entergy Corporation from a “hold” rating to a “buy” rating in a research report on Monday, August 7th. Jefferies Group LLC upgraded Entergy Corporation from a “hold” rating to a “buy” rating in a research report on Monday, October 16th. Finally, Citigroup Inc. upgraded Entergy Corporation from a “neutral” rating to a “buy” rating and set a $91.00 price target on the stock in a research report on Friday, October 13th. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Entergy Corporation presently has an average rating of “Hold” and an average price target of $82.42.
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In related news, EVP Marcus V. Brown sold 3,000 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $86.42, for a total transaction of $259,260.00. Following the completion of the sale, the executive vice president now owns 22,264 shares in the company, valued at $1,924,054.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Charles L. Rice, Jr. sold 1,000 shares of the company’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $78.95, for a total value of $78,950.00. The disclosure for this sale can be found here. Insiders sold 58,812 shares of company stock valued at $4,986,472 in the last 90 days. Company insiders own 0.24% of the company’s stock.
Entergy Corporation Company Profile
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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