Entergy Stock Sees Q3 Earnings Forecast Raised at KeyCorp

Key Points

• KeyCorp raised Entergy’s Q3 2026 EPS forecast to $1.67 from $1.63 and maintained an “Overweight” rating, with an $118 price target. It projects FY2026 EPS of $4.40 and FY2027 EPS of $5.14.
• Analyst sentiment remains broadly positive: 17 analysts rate Entergy a Buy and three rate it a Hold, producing a consensus “Moderate Buy” rating and an average price target of $119.58.
• Entergy recently beat quarterly expectations with $1.03 EPS and $3.52 billion in revenue, while its quarterly dividend remains $0.64 per share, or $2.56 annualized, yielding approximately 2.5%.

Entergy Corporation (NYSE:ETR - Free Report) - Stock analysts at KeyCorp increased their Q3 2026 earnings per share estimates for Entergy in a research report issued on Monday, October 12th. KeyCorp analyst S. Karp now anticipates that the utilities provider will post earnings per share of $1.67 for the quarter, up from their previous forecast of $1.63. KeyCorp has an "Overweight" rating and a $118.00 price target on the stock. The consensus estimate for Entergy's current full-year earnings is $4.40 per share. KeyCorp also issued estimates for Entergy's Q4 2026 earnings at $0.82 EPS, FY2026 earnings at $4.40 EPS and FY2027 earnings at $5.14 EPS.

Entergy (NYSE:ETR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share 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 firm had revenue of $3.52 billion during the quarter, compared to analysts' expectations of $3.49 billion. During the same quarter last year, the company posted $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS.

ETR has been the subject of several other research reports. Truist Financial set a $119.00 price target on shares of Entergy and gave the stock a "buy" rating in a research report on Monday. Wall Street Zen cut shares of Entergy from a "hold" rating to a "sell" rating in a research note on Sunday, August 9th. JPMorgan Chase & Co. lowered their target price on shares of Entergy from $137.00 to $130.00 and set an "overweight" rating for the company in a report on Tuesday. Evercore reiterated an "outperform" rating and set a $128.00 target price on shares of Entergy in a research report on Monday, August 17th. Finally, BMO Capital Markets upped their target price on shares of Entergy from $123.00 to $124.00 and gave the company an "outperform" rating in a research report on Wednesday, July 22nd. Seventeen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $119.58.

Entergy Stock Down 0.5%

NYSE:ETR opened at $104.47 on Thursday. The company has a market cap of $48.75 billion, a price-to-earnings ratio of 26.79, a P/E/G ratio of 2.35 and a beta of 0.46. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.70 and a current ratio of 0.91. The stock's fifty day moving average price is $104.44 and its two-hundred day moving average price is $109.75. Entergy has a 52-week low of $90.87 and a 52-week high of $118.44.

Entergy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Thursday, August 13th were issued a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Thursday, August 13th. Entergy's dividend payout ratio is 65.64%.

Insider Activity

In related news, insider Laura Landreaux sold 5,600 shares of the business's stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $106.20, for a total value of $594,720.00. Following the completion of the transaction, the insider directly owned 22,589 shares in the company, valued at approximately $2,398,951.80. The trade was a 19.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ralph Lewis Ropp bought 1,000 shares of the company's stock in a transaction on Thursday, August 6th. The shares were bought at an average price of $106.08 per share, for a total transaction of $106,080.00. Following the completion of the acquisition, the director directly owned 3,423 shares in the company, valued at approximately $363,111.84. This trade represents a 41.27% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.21% of the company's stock.

Hedge Funds Weigh In On Entergy

Several large investors have recently modified their holdings of the stock. BlackRock Inc. bought a new position in Entergy in the 2nd quarter valued at $4,861,376,000. Bank of America Corp DE increased its holdings in shares of Entergy by 5.3% in the first quarter. Bank of America Corp DE now owns 17,369,775 shares of the utilities provider's stock worth $1,951,668,000 after purchasing an additional 870,847 shares during the period. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Entergy in the second quarter worth $633,338,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Entergy by 4.3% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,941,157 shares of the utilities provider's stock worth $452,681,000 after buying an additional 161,411 shares in the last quarter. Finally, Legal & General Group Plc bought a new stake in Entergy during the second quarter valued at $430,404,000. 88.07% of the stock is owned by institutional investors.

Key Stories Impacting Entergy

Here are the key news stories impacting Entergy this week:

• Positive Sentiment: KeyCorp raised its Q3 2026 EPS estimate to $1.67 from $1.63, increased its FY2026 forecast to $4.40 from $4.39, and lifted its FY2027 estimate to $5.14 from $5.12. The firm maintained an “Overweight” rating and an $118 price target, suggesting meaningful upside from current levels.
• Positive Sentiment: KeyCorp also modestly increased its longer-term EPS forecasts to $5.77 for FY2028, $6.49 for FY2029 and $7.32 for FY2030, indicating expectations for continued earnings growth. KeyCorp Entergy earnings estimates
• Positive Sentiment: JPMorgan retained an “Overweight” rating despite lowering its price target to $130 from $137. The revised target still implies substantial appreciation potential, signaling that the bank remains constructive on Entergy’s longer-term prospects. JPMorgan Entergy price target
• Neutral Sentiment: Entergy marked the 25th anniversary of its Environmental Initiatives Fund, highlighting environmental projects and community investment. The announcement reinforces the company’s sustainability profile but is unlikely to materially affect near-term earnings. Entergy Environmental Initiatives Fund anniversary
• Negative Sentiment: KeyCorp lowered its Q4 2026 EPS estimate to $0.82 from $0.87, partially offsetting the increases to earlier-quarter and long-term forecasts.
• Negative Sentiment: Analysts have reduced valuation targets, with KeyCorp cutting its target to $118 from $123 and JPMorgan lowering its target to $130 from $137. These actions may pressure the stock even though both firms maintain positive ratings. KeyBanc adjusts Entergy price target
• Negative Sentiment: Recent analysis indicates that higher interest rates are overshadowing Entergy’s solid utility and data-center fundamentals. Rate-sensitive utility stocks can face valuation pressure as borrowing costs and bond yields rise. Rate headwinds overshadow Entergy fundamentals

About Entergy

Entergy Corporation is an integrated energy company that provides electric power and related services through regulated utility subsidiaries. Its operations include electricity generation, transmission and distribution, as well as natural gas distribution and other utility services.

Entergy serves customers across Arkansas, Louisiana, Mississippi and Texas, including the city of New Orleans. The company operates a diverse generation portfolio that includes nuclear, natural gas, renewable and other resources, and it supplies electricity to residential, commercial, industrial and governmental customers.

Founded in 1949 as Middle South Utilities, the company adopted the Entergy name in 1994.

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