News coverage about Entergy (NYSE:ETR) has trended somewhat positive this week, according to Accern. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. 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 earned a news impact score of 0.07 on Accern’s scale. Accern also assigned media stories about the utilities provider an impact score of 43.7791290474258 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- Zacks: Analysts Anticipate Entergy Co. (ETR) Will Post Earnings of $1.00 Per Share (americanbankingnews.com)
- Entergy (ETR) PT Set at $76.00 by Morgan Stanley (americanbankingnews.com)
- Entergy New Orleans Receives Approval to Build New Orleans Power Station (prnewswire.com)
- Entergy Corporation (NYSE:ETR) – Market Cap to Track – Nasdaq Journal (nasdaqjournal.com)
Shares of Entergy (ETR) traded up $0.41 during trading on Wednesday, hitting $77.50. The company had a trading volume of 998,519 shares, compared to its average volume of 1,490,000. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.65 and a quick ratio of 0.47. Entergy has a 1 year low of $71.95 and a 1 year high of $87.95. The firm has a market cap of $14,010.00, a P/E ratio of 14.38, a P/E/G ratio of 1.98 and a beta of 0.51.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Thursday, February 8th were given a dividend of $0.89 per share. The ex-dividend date was Wednesday, February 7th. This represents a $3.56 annualized dividend and a dividend yield of 4.59%. Entergy’s dividend payout ratio is currently 66.05%.
A number of equities research analysts have recently issued reports on the stock. Bank of America upgraded shares of Entergy from a “neutral” rating to a “buy” rating and set a $89.00 price target for the company in a research report on Tuesday, December 12th. TheStreet downgraded shares of Entergy from a “b-” rating to a “c+” rating in a research report on Wednesday, December 6th. Morgan Stanley reduced their price target on shares of Entergy from $82.00 to $76.00 and set a “hold” rating for the company in a research report on Tuesday, February 13th. Mizuho upgraded shares of Entergy from a “neutral” rating to a “buy” rating in a research report on Friday, November 17th. Finally, Guggenheim reiterated a “buy” rating and set a $94.00 price target (up from $88.00) on shares of Entergy in a research report on Friday, February 23rd. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Entergy presently has a consensus rating of “Buy” and a consensus price target of $82.57.
In related news, insider Haley Fisackerly sold 500 shares of Entergy stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $78.02, for a total transaction of $39,010.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Alyson M. Mount sold 10,396 shares of Entergy stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $78.50, for a total value of $816,086.00. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.
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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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