News stories about Entergy (NYSE:ETR) have been trending somewhat positive on Thursday, according to Accern. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Entergy earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned media stories about the utilities provider an impact score of 45.8806378779456 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
A number of research firms recently issued reports on ETR. TheStreet upgraded Entergy from a “c” rating to a “b-” rating in a research report on Friday, October 27th. Mizuho restated a “hold” rating and set a $83.00 price objective on shares of Entergy in a research report on Friday, October 27th. Wells Fargo & Company restated an “outperform” rating and set a $96.00 price objective (up previously from $90.00) on shares of Entergy in a research report on Wednesday, October 25th. Bank of America began coverage on Entergy in a research report on Tuesday, October 24th. They set a “neutral” rating and a $86.00 price objective for the company. Finally, Jefferies Group upgraded Entergy from a “hold” rating to a “buy” rating in a research report on Monday, October 16th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $82.42.
Shares of Entergy (ETR) traded up $0.11 during mid-day trading on Thursday, reaching $83.70. The company’s stock had a trading volume of 800,464 shares, compared to its average volume of 1,206,872. The company has a quick ratio of 0.58, a current ratio of 0.78 and a debt-to-equity ratio of 1.61. Entergy has a one year low of $69.51 and a one year high of $87.95. The firm has a market cap of $14,984.30, a price-to-earnings ratio of 12.30, a PEG ratio of 1.71 and a beta of 0.55.
Entergy (NYSE:ETR) last announced its quarterly earnings results on Tuesday, October 24th. The utilities provider reported $2.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 company had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the previous year, the firm posted $2.31 EPS. analysts predict that Entergy will post 6.93 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Thursday, November 9th were given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date of this dividend was Wednesday, November 8th. This is a positive change from Entergy’s previous quarterly dividend of $0.87. Entergy’s payout ratio is -72.06%.
In other news, EVP Marcus V. Brown sold 1,500 shares of the business’s stock in a transaction on Friday, October 13th. The stock was sold at an average price of $82.00, for a total value of $123,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Marcus V. Brown sold 3,000 shares of the business’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $86.42, for a total value of $259,260.00. Following the completion of the sale, the executive vice president now directly owns 22,264 shares in the company, valued at approximately $1,924,054.88. The disclosure for this sale can be found here. Insiders have sold a total of 57,812 shares of company stock valued at $4,907,522 in the last quarter. 0.24% of the stock is currently owned by 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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