Entergy Corporation (NYSE:ETR) Announces Quarterly Dividend of $0.64

Entergy Corporation (NYSE:ETR) announced a quarterly dividend on Tuesday, April 7th. Investors of record on Friday, May 1st will be given a dividend of 0.64 per share by the utilities provider on Monday, June 1st. This represents a c) annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, May 1st.

Entergy has raised its dividend payment by an average of 0.1%per year over the last three years and has increased 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 research 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 Stock Down 0.3%

ETR opened at $114.58 on Tuesday. Entergy has a 12 month low of $75.57 and a 12 month high of $115.61. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.74 and a quick ratio of 0.51. The stock has a market cap of $52.45 billion, a P/E ratio of 29.30, a P/E/G ratio of 2.27 and a beta of 0.57. The stock’s 50 day moving average price is $103.93 and its 200 day moving average price is $97.73.

Entergy (NYSE:ETR) last posted its earnings results on Thursday, February 12th. The utilities provider reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). Entergy had a net margin of 13.66% and a return on equity of 10.89%. The business had revenue of $2.96 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the prior year, the business earned $0.66 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, research analysts predict that Entergy will post 3.88 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently commented on ETR. Morgan Stanley set a $98.00 target price on Entergy in a research report on Friday, February 20th. Barclays increased their price target on Entergy from $96.00 to $118.00 and gave the company an “overweight” rating in a research note on Monday, March 30th. Argus increased their price target on Entergy from $100.00 to $118.00 and gave the company a “buy” rating in a research note on Monday. UBS Group reaffirmed a “buy” rating and set a $105.00 price target (up from $96.00) on shares of Entergy in a research note on Wednesday, December 17th. Finally, Citigroup increased their price target on Entergy from $106.00 to $116.00 and gave the company a “neutral” rating in a research note on Wednesday, March 18th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $110.17.

Entergy Company Profile

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.