Headlines about Entergy Corporation (NYSE:ETR) have been trending positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, 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 assigned media headlines about the utilities provider an impact score of 45.8003977751939 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news stories that may have impacted Accern’s rankings:
- Entergy Corporation Target of Unusually High Options Trading (ETR) (americanbankingnews.com)
- FirstEnergy: Analysts’ Ratings and Target Price (finance.yahoo.com)
- Will These Stocks Remain Hot? Entergy Corporation (ETR), Robert Half International Inc. (RHI) – Market Movers (financialqz.com)
- Entergy Corporation (ETR) Ex-Dividend Date Scheduled for November 08, 2017 – Nasdaq (nasdaq.com)
- Dividend Coverage: This Energy Company has a Dividend Yield of 4.09%; Will Trade Ex-Dividend on November 08, 2017 (finance.yahoo.com)
Entergy Corporation (ETR) opened at $85.13 on Monday. Entergy Corporation has a 1 year low of $66.73 and a 1 year high of $87.85. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.78 and a quick ratio of 0.58. The company has a market cap of $15,344.80, a P/E ratio of 12.59, a P/E/G ratio of 1.75 and a beta of 0.57.
Entergy Corporation (NYSE:ETR) last issued 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 negative net margin of 7.82% and a positive return on equity of 14.76%. The company had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the prior year, the company earned $2.31 EPS. research analysts anticipate that Entergy Corporation will post 6.93 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Thursday, November 9th will be paid a dividend of $0.89 per share. This is a boost from Entergy Corporation’s previous quarterly dividend of $0.87. The ex-dividend date of this dividend is Wednesday, November 8th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.18%. Entergy Corporation’s dividend payout ratio (DPR) is presently -72.06%.
A number of analysts have recently commented on the stock. Morgan Stanley boosted their target price on shares of Entergy Corporation from $79.00 to $82.00 and gave the company an “underweight” rating in a research report on Thursday, August 10th. BidaskClub raised shares of Entergy Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Jefferies Group LLC reissued a “hold” rating on shares of Entergy Corporation in a report on Friday, August 11th. BMO Capital Markets reissued a “hold” rating and issued a $78.00 target price on shares of Entergy Corporation in a report on Friday, August 4th. Finally, Citigroup Inc. raised shares of Entergy Corporation from a “neutral” rating to a “buy” rating and set a $91.00 price target on the stock in a research note on Friday, October 13th. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $82.42.
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In related news, EVP Donald W. Vinci sold 3,234 shares of Entergy Corporation stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $87.00, for a total value of $281,358.00. Following the sale, the executive vice president now owns 15,273 shares of the company’s stock, valued at approximately $1,328,751. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Charles L. Rice, Jr. sold 1,000 shares of the firm’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 have sold a total of 40,578 shares of company stock worth $3,408,022 in the last ninety days. Corporate 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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