10,297 Shares in Entergy Corporation $ETR Purchased by Ninety One UK Ltd

Key Points

• Ninety One UK Ltd. acquired 10,297 Entergy shares worth approximately $1.02 million in the third quarter. Institutional investors hold 88.07% of Entergy’s outstanding stock.
• Analysts remain broadly positive, with 17 Buy ratings and two Holds, producing a “Moderate Buy” consensus and an average price target of $120.83. However, JPMorgan and Morgan Stanley recently reduced their price targets, while rising interest rates remain a key risk.
• Entergy exceeded quarterly earnings and revenue expectations, reporting $1.03 EPS and $3.52 billion in revenue, while maintaining 2026 EPS guidance of $4.25–$4.45. The company also declared a quarterly dividend of $0.64, equivalent to a 2.5% annualized yield.

Ninety One UK Ltd bought a new position in Entergy Corporation (NYSE:ETR - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 10,297 shares of the utilities provider's stock, valued at approximately $1,022,000.

Several other large investors have also recently modified their holdings of the stock. BlackRock Inc. purchased a new position in shares of Entergy during the 2nd quarter worth about $4,861,376,000. Bank of America Corp DE bought a new stake in Entergy during the 2nd quarter valued at $1,991,669,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Entergy during the 2nd quarter valued at $633,338,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Entergy by 4.3% in the 2nd 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 during the period. Finally, Legal & General Group Plc purchased a new stake in shares of Entergy in the 2nd quarter worth $430,404,000. Institutional investors own 88.07% of the company's stock.

Analysts Set New Price Targets

ETR has been the topic of several research reports. Wall Street Zen lowered Entergy from a "hold" rating to a "sell" rating in a research note on Sunday, August 9th. BMO Capital Markets lifted their price objective on Entergy from $123.00 to $124.00 and gave the company an "outperform" rating in a report on Wednesday, July 22nd. Truist Financial set a $119.00 price objective on shares of Entergy and gave the stock a "buy" rating in a research note on Monday. JPMorgan Chase & Co. lowered their price objective on shares of Entergy from $137.00 to $130.00 and set an "overweight" rating for the company in a research note on Tuesday. Finally, Morgan Stanley dropped their target price on shares of Entergy from $105.00 to $98.00 and set an "equal weight" rating on the stock in a report on Friday, September 18th. Seventeen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $120.83.

Key Headlines Impacting Entergy

Here are the key news stories impacting Entergy this week:

• Positive Sentiment: KeyBanc reiterated a Buy rating on Entergy and maintained a $118 price target, implying potential upside from recent trading levels. Entergy Receives a Buy from KeyBanc
• Positive Sentiment: KeyCorp made modestly bullish revisions to Entergy’s forecasts: Q3 2026 EPS rose to $1.67 from $1.63, FY2026 EPS increased to $4.40 from $4.39, and FY2027 EPS increased to $5.14 from $5.12. Longer-term estimates also edged higher to $5.77 for FY2028, $6.49 for FY2029 and $7.32 for FY2030. KeyCorp retains an Overweight rating and a $118 target.
• Neutral Sentiment: The revisions point to continued earnings growth, but the FY2026 estimate merely matches the broader consensus of $4.40 per share. KeyCorp’s forecast for FY2027 remains ahead of the current-year outlook, supporting the long-term investment case without creating a major near-term earnings catalyst.
• Negative Sentiment: KeyCorp lowered its Q4 2026 EPS estimate to $0.82 from $0.87, partially offsetting the positive quarterly and long-range changes.
• Negative Sentiment: JPMorgan Chase & Co. cut its price target for Entergy, adding pressure to the shares and signaling more limited near-term upside in that analyst’s view. Entergy Stock Price Target Cut by JPMorgan Chase
• Negative Sentiment: Market commentary highlighted rising-rate headwinds as a key risk for Entergy. Higher interest rates can increase the utility’s borrowing costs and make its dividend yield less attractive relative to bonds, overshadowing solid utility fundamentals and potential data-center-related electricity demand. Rate Headwinds Overshadow Entergy’s Fundamentals

Insiders Place Their Bets

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

Entergy Stock Performance

Shares of ETR stock opened at $103.85 on Friday. The firm has a market cap of $48.46 billion, a price-to-earnings ratio of 26.63, a PEG ratio of 2.34 and a beta of 0.46. Entergy Corporation has a 52-week low of $90.87 and a 52-week high of $118.44. The company has a quick ratio of 0.70, a current ratio of 0.91 and a debt-to-equity ratio of 1.73. The company's 50 day moving average is $104.39 and its 200 day moving average is $109.71.

Entergy (NYSE:ETR - Get Free Report) last posted its earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.02. The company had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.49 billion. Entergy had a return on equity of 10.53% and a net margin of 13.40%. During the same quarter in the prior year, the business earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, sell-side analysts anticipate that Entergy Corporation will post 4.40 EPS for the current fiscal year.

Entergy Dividend Announcement

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

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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