On April 3, 2023,
Ladenburg Thalmann
initiated coverage of Entergy with
a Buy recommendation.
Analyst Price Forecast Suggests 14.96% Upside
As of March 30, 2023,
the average one-year price target for Entergy is $123.86.
The forecasts range from a low of $97.97 to a high of $141.75.
The average price target represents an increase of 14.96% from its latest reported closing price of $107.74.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Entergy
is $12,511MM, a decrease of 9.11%.
The projected annual non-GAAP EPS
is $6.83.
Entergy Declares $1.07 Dividend
On January 27, 2023 the company declared a regular
quarterly dividend of $1.07 per share ($4.28 annualized).
Shareholders of record as of February 10, 2023
received the payment on March 1, 2023.
Previously, the company paid $1.01 per share.
At the current share price of $107.74 / share,
the stock’s dividend yield is 3.97%.
Looking back five years and taking a sample every week, the average dividend yield has been
3.76%,
the lowest has been 2.80%,
and the highest has been 4.76%.
The standard deviation of yields is 0.39 (n=237).
The current dividend yield is
0.54 standard deviations
above
the historical average.
Additionally, the company’s dividend payout ratio is 0.82.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is 0.15%,
demonstrating that it has increased its dividend over time.
What are Large Shareholders Doing?
Capital International Investors
holds 10,749K shares
representing 5.07% ownership of the company.
In it’s prior filing, the firm reported owning 10,858K shares, representing
a decrease
of 1.02%.
The firm
increased
its portfolio allocation in ETR by 1.85% over the last quarter.
Bank Of America
holds 8,300K shares
representing 3.91% ownership of the company.
In it’s prior filing, the firm reported owning 9,920K shares, representing
a decrease
of 19.52%.
The firm
decreased
its portfolio allocation in ETR by 99.91% over the last quarter.
Capital Research Global Investors
holds 7,340K shares
representing 3.46% ownership of the company.
In it’s prior filing, the firm reported owning 4,742K shares, representing
an increase
of 35.40%.
The firm
increased
its portfolio allocation in ETR by 59.20% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
holds 6,179K shares
representing 2.91% ownership of the company.
In it’s prior filing, the firm reported owning 6,067K shares, representing
an increase
of 1.80%.
The firm
increased
its portfolio allocation in ETR by 5.14% over the last quarter.
AWSHX – WASHINGTON MUTUAL INVESTORS FUND
holds 5,586K shares
representing 2.63% ownership of the company.
No change in the last quarter.
What is the Fund Sentiment?
There are 1487 funds or institutions reporting positions in Entergy.
This is an increase
of
49
owner(s) or 3.41% in the last quarter.
Average portfolio weight of all funds dedicated to ETR is 0.34%,
an increase
of 11.11%.
Total shares owned by institutions increased
in the last three months by 0.02% to 232,445K shares.
The put/call ratio of ETR is 0.26, indicating a
bullish
outlook.
Entergy Background Information
(This description is provided by the company.)
Entergy Corporation is an integrated energy company engaged in electric power production, transmission and retail distribution operations. Entergy delivers electricity to 3 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy owns and operates one of the cleanest large-scale U.S. power generating fleets with approximately 30,000 megawatts of electric generating capacity, including 8,000 megawatts of nuclear power. Headquartered in New Orleans, Louisiana, Entergy has annual revenues of $10 billion and more than 13,000 employees.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
