Fintel reports that on April 18, 2023, JP Morgan maintained coverage of Entergy (NYSE:ETR) with a Overweight recommendation.
Analyst Price Forecast Suggests 13.36% Upside
As of April 6, 2023, the average one-year price target for Entergy is $123.49. The forecasts range from a low of $97.97 to a high of $141.75. The average price target represents an increase of 13.36% from its latest reported closing price of $108.93.
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 April 10, 2023 the company declared a regular quarterly dividend of $1.07 per share ($4.28 annualized). Shareholders of record as of May 4, 2023 will receive the payment on June 1, 2023. Previously, the company paid $1.07 per share.
At the current share price of $108.93 / share, the stock's dividend yield is 3.93%. Looking back five years and taking a sample every week, the average dividend yield has been 3.75%, the lowest has been 2.80%, and the highest has been 4.76%. The standard deviation of yields is 0.38 (n=237).
The current dividend yield is 0.45 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 Other Shareholders Doing?
GSUS - Goldman Sachs MarketBeta U.S. Equity ETF holds 5K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 4K shares, representing an increase of 18.89%. The firm decreased its portfolio allocation in ETR by 1.47% over the last quarter.
VARIABLE INSURANCE PRODUCTS FUND IV - Utilities Portfolio Initial Class holds 73K shares representing 0.03% ownership of the company. No change in the last quarter.
Proquility Private Wealth Partners holds 7K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 12K shares, representing a decrease of 78.22%. The firm decreased its portfolio allocation in ETR by 43.93% over the last quarter.
ESGU - iShares ESG MSCI USA ETF holds 271K shares representing 0.13% ownership of the company. In it's prior filing, the firm reported owning 295K shares, representing a decrease of 8.77%. The firm decreased its portfolio allocation in ETR by 1.20% over the last quarter.
Mraz, Amerine & Associates holds 3K shares representing 0.00% ownership of the company. No change in the last quarter.
What is the Fund Sentiment?
There are 1490 funds or institutions reporting positions in Entergy.
This is an increase
of
44
owner(s) or 3.04% in the last quarter.
Average portfolio weight of all funds dedicated to ETR is 0.33%,
an increase
of 7.68%.
Total shares owned by institutions increased
in the last three months by 0.40% to 232,793K shares.
The put/call ratio of ETR is 0.35, 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.
See all Entergy regulatory filings.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.
