News stories about Entergy Corporation (NYSE:ETR) have been trending positive on Saturday, according to Accern. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Entergy Corporation earned a news impact score of 0.26 on Accern’s scale. Accern also gave news coverage 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 next few days.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Surprising Stocks: Omega Healthcare Shareholders, Inc., (NYSE: OHI), Entergy Corporation, (NYSE: ETR), Eastman … – Stocks In The News (press release) (tradingnewsnow.com)
- Entergy Corporation (ETR) Receives Average Recommendation of “Hold” from Analysts (americanbankingnews.com)
- Wiggling Stocks: Entergy Corporation, (NYSE: ETR), Barnes & Noble Education, Inc., (NYSE: BNED), Apollo Global … – Stocks In The News (press release) (tradingnewsnow.com)
- Entergy Corporation Chairman and CEO to Present at 52nd EEI … – Markets Insider (markets.businessinsider.com)
- YieldBoost ETR To 7% Using Options (stockoptionschannel.com)
ETR has been the subject of several recent research reports. BidaskClub downgraded shares of Entergy Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. BMO Capital Markets reissued a “hold” rating and set a $78.00 price target on shares of Entergy Corporation in a research report on Friday, August 4th. ValuEngine raised shares of Entergy Corporation from a “hold” rating to a “buy” rating in a research report on Monday, August 7th. Morgan Stanley raised their price target on shares of Entergy Corporation from $79.00 to $82.00 and gave the stock an “underweight” rating in a research report on Thursday, August 10th. Finally, Jefferies Group LLC reissued a “hold” rating on shares of Entergy Corporation in a research report on Friday, August 11th. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $82.42.
Entergy Corporation (NYSE:ETR) opened at $87.00 on Friday. Entergy Corporation has a one year low of $66.71 and a one year high of $87.85. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.58 and a current ratio of 0.78. The stock has a market capitalization of $15.63 billion, a price-to-earnings ratio of 12.82, a P/E/G ratio of 1.79 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 (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the previous year, the firm earned $2.31 earnings per share. analysts predict that Entergy Corporation will post 6.93 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Thursday, November 9th will be paid a $0.89 dividend. The ex-dividend date of this dividend is Wednesday, November 8th. This represents a $3.56 dividend on an annualized basis and a yield of 4.09%. This is an increase from Entergy Corporation’s previous quarterly dividend of $0.87. Entergy Corporation’s payout ratio is currently -70.45%.
In related news, COO Paul D. Hinnenkamp sold 2,500 shares of Entergy Corporation stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $86.00, for a total value of $215,000.00. Following the completion of the transaction, the chief operating officer now owns 23,425 shares in the company, valued at $2,014,550. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Haley Fisackerly sold 500 shares of Entergy Corporation stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $77.17, for a total transaction of $38,585.00. The disclosure for this sale can be found here. Insiders sold 33,044 shares of company stock valued at $2,747,649 in the last quarter. 0.24% of the stock is owned by insiders.
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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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