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

Entergy Corporation (NYSE:ETR) declared a quarterly dividend on Friday, July 31st. Shareholders of record on Thursday, August 13th will be given a dividend of 0.64 per share by the utilities provider on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, August 13th.

Entergy has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 10 years. Entergy has a dividend payout ratio of 58.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Entergy to earn $5.06 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 50.6%.

Entergy Stock Down 1.6%

ETR opened at $105.45 on Tuesday. The stock has a fifty day moving average of $111.96 and a 200-day moving average of $108.91. The company has a market capitalization of $49.21 billion, a P/E ratio of 27.04, a P/E/G ratio of 1.83 and a beta of 0.50. Entergy has a fifty-two week low of $86.40 and a fifty-two week high of $118.44. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.70 and a current ratio of 0.91.

Entergy (NYSE:ETR) last released its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.03 EPS for the quarter, beating the consensus estimate of $1.01 by $0.02. Entergy had a net margin of 13.40% and a return on equity of 10.53%. The business had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.49 billion. During the same period in the prior year, the company posted $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, equities analysts expect that Entergy will post 4.4 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on ETR. Weiss Ratings raised shares of Entergy from a “buy (b)” rating to a “buy (b+)” rating in a report on Wednesday, August 5th. Wells Fargo & Company boosted their price target on Entergy from $123.00 to $128.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Wall Street Zen downgraded Entergy from a “hold” rating to a “sell” rating in a research report on Sunday. Citigroup restated a “neutral” rating and set a $121.00 price objective (up from $116.00) on shares of Entergy in a research note on Tuesday, May 5th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Entergy in a report on Wednesday, June 10th. Seventeen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $121.05.

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.