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

Entergy Corporation (NYSE:ETR) announced a quarterly dividend on Friday, January 30th. Investors 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 raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 10 consecutive years. Entergy has a payout ratio of 58.9% indicating that 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

Entergy stock opened at $98.04 on Friday. The stock has a 50-day moving average price of $94.00 and a two-hundred day moving average price of $92.90. Entergy has a 12 month low of $75.57 and a 12 month high of $98.58. The company has a market capitalization of $43.78 billion, a PE ratio of 24.21, a P/E/G ratio of 2.16 and a beta of 0.65. The company has a current ratio of 0.71, a quick ratio of 0.48 and a debt-to-equity ratio of 1.62.

Insider Buying and Selling at Entergy

In other news, Director Ralph Lewis Ropp purchased 1,000 shares of Entergy stock in a transaction that occurred on Wednesday, November 12th. The shares were bought at an average cost of $96.69 per share, with a total value of $96,690.00. Following the completion of the purchase, the director directly owned 1,050 shares in the company, valued at approximately $101,524.50. This trade represents a 2,000.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.39% of the stock is owned by corporate insiders.

Institutional Trading of Entergy

Institutional investors have recently bought and sold shares of the company. United Community Bank increased its position in Entergy by 806.7% during the fourth quarter. United Community Bank now owns 272 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 242 shares during the last quarter. Washington Trust Advisors Inc. grew its stake in shares of Entergy by 119.4% during the 4th quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 154 shares during the period. Capital A Wealth Management LLC grew its stake in shares of Entergy by 5,466.7% during the 2nd quarter. Capital A Wealth Management LLC now owns 334 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 328 shares during the period. GoalVest Advisory LLC increased its position in shares of Entergy by 5,733.3% during the 2nd quarter. GoalVest Advisory LLC now owns 350 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 344 shares during the last quarter. Finally, Atlantic Union Bankshares Corp bought a new position in shares of Entergy in the 2nd quarter worth approximately $30,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

About Entergy

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.