Entergy Corp. Plans Quarterly Dividend of $0.83 (ETR)
Entergy Corp. (NYSE:ETR) announced a quarterly dividend on Friday, October 25th, Analyst Ratings News reports. Stockholders of record on Thursday, November 7th will be paid a dividend of $0.83 per share on Monday, December 2nd. This represents a $3.32 annualized dividend and a dividend yield of 4.88%.
A number of analysts have recently weighed in on ETR shares. Analysts at Zacks reiterated an “outperform” rating on shares of Entergy Corp. in a research note to investors on Friday. They now have a $82.00 price target on the stock. On a related note, analysts at UBS AG reiterated a “sell” rating on shares of Entergy Corp. in a research note to investors on Friday, October 18th. They now have a $57.00 price target on the stock. Finally, analysts at Jefferies Group cut their price target on shares of Entergy Corp. from $69.50 to $68.00 in a research note to investors on Friday, October 18th. They now have a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. Entergy Corp. presently has an average rating of “Hold” and a consensus price target of $69.27.
Entergy Corp. (NYSE:ETR) traded down 0.06% on Friday, hitting $68.06. The stock had a trading volume of 536,057 shares. Entergy Corp. has a 52-week low of $61.09 and a 52-week high of $72.98. The stock’s 50-day moving average is $65.07 and its 200-day moving average is $67.14. The company has a market cap of $12.134 billion and a P/E ratio of 12.67.
Entergy Corp. (NYSE:ETR) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by $0.15. The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter in the previous year, the company posted $2.11 earnings per share. The company’s revenue for the quarter was up 8.7% on a year-over-year basis.
Entergy Corporation (NYSE:ETR) is an integrated energy company engaged primarily in electric power production and retail distribution operations.
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