Entergy Corporation (NYSE:ETR) Plans Quarterly Dividend of $0.68

Entergy Corporation (NYSE:ETR) announced a quarterly dividend on Friday, October 30th. Investors of record on Friday, November 13th will be given a dividend of $0.68 per share by the utilities provider on Tuesday, December 1st. This represents a $2.72 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Friday, November 13th. This is a 6.3% increase from Entergy’s previous quarterly dividend of $0.64.

Entergy has increased its dividend payment by an average of 0.1% 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 62.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Entergy to earn $5.10 per share next year, which means the company should continue to be able to cover its $2.72 annual dividend with an expected future payout ratio of 53.3%.

Entergy Stock Performance

Shares of ETR stock opened at $111.82 on Wednesday. The firm has a market cap of $53.43 billion, a price-to-earnings ratio of 25.70, a P/E/G ratio of 2.50 and a beta of 0.44. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.93 and a current ratio of 1.18. Entergy has a 52 week low of $90.87 and a 52 week high of $118.44. The firm’s 50-day simple moving average is $105.00 and its two-hundred day simple moving average is $107.85.

Entergy (NYSE:ETR) last released its earnings results on Monday, November 2nd. The utilities provider reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.25. Entergy had a net margin of 14.63% and a return on equity of 11.44%. The firm had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the prior year, the firm earned $1.53 EPS. As a group, equities analysts forecast that Entergy will post 4.41 earnings per share for the current year.

Insider Transactions at Entergy

In other Entergy news, insider Laura Landreaux sold 5,600 shares of the stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $106.20, for a total transaction of $594,720.00. Following the sale, the insider owned 22,589 shares in the company, valued at $2,398,951.80. This represents a 19.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.21% of the stock is owned by insiders.

Institutional Trading of Entergy

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of New Hampshire boosted its stake in Entergy by 303.0% in the 3rd quarter. Bank of New Hampshire now owns 266 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 200 shares during the period. City State Bank increased its position in shares of Entergy by 439.6% during the third quarter. City State Bank now owns 259 shares of the utilities provider’s stock valued at $26,000 after buying an additional 211 shares during the period. Bell Investment Advisors Inc purchased a new stake in shares of Entergy in the second quarter worth about $28,000. Dynamic Wealth Strategies LLC purchased a new stake in shares of Entergy in the first quarter worth about $30,000. Finally, Pingora Partners LLC bought a new position in shares of Entergy in the second quarter valued at approximately $30,000. 88.07% of the stock is currently owned by institutional investors.

About Entergy

Entergy Corporation is an investor-owned energy company headquartered in New Orleans. Its primary business is providing regulated electric utility service to residential, commercial and industrial customers. Through its utility subsidiaries, Entergy serves communities in Arkansas, Louisiana, Mississippi and Texas. Its operations include generating, transmitting and distributing electricity, with power produced from a mix of sources that includes nuclear energy. The company traces its corporate history to Middle South Utilities, which adopted the Entergy name in 1989.