Mirae Asset Global Investments Co. Ltd. Acquires New Holdings in Entergy Corporation $ETR

Key Points

• Mirae Asset Global Investments acquired 117,155 Entergy shares in the third quarter, valued at approximately $11.6 million. Institutional investors collectively own about 88.1% of the utility’s shares.
• Entergy’s third-quarter results beat expectations, with EPS of $1.98 versus $1.73 forecast and revenue of $4.37 billion versus $4.12 billion expected. The company also raised its quarterly dividend from $0.64 to $0.68 per share.
• Analyst sentiment is broadly positive: 20 analysts rate the stock Buy and two Hold, with a consensus price target of $121.57. However, cooling industrial growth leaves data-center demand as an important test of the company’s growth outlook.

Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Entergy Corporation (NYSE:ETR - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 117,155 shares of the utilities provider's stock, valued at approximately $11,629,000.

Several other institutional investors also recently made changes to their positions in ETR. Callan Family Office LLC bought a new position in Entergy during the second quarter valued at about $3,250,000. Nykredit A S acquired a new position in Entergy in the second quarter valued at approximately $22,064,000. Illinois Municipal Retirement Fund grew its holdings in shares of Entergy by 18.3% in the 1st quarter. Illinois Municipal Retirement Fund now owns 180,358 shares of the utilities provider's stock valued at $20,265,000 after buying an additional 27,868 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Entergy during the second quarter worth about $2,843,000. Finally, E. Ohman J or Asset Management AB increased its position in shares of Entergy by 27.6% during the 3rd quarter. E. Ohman J or Asset Management AB now owns 21,797 shares of the utilities provider's stock worth $2,164,000 after purchasing an additional 4,710 shares during the last quarter. 88.07% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Laura Landreaux sold 5,600 shares of the stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $106.20, for a total transaction of $594,720.00. Following the completion of the sale, the insider owned 22,589 shares in the company, valued at $2,398,951.80. This represents a 19.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.21% of the stock is currently owned by company insiders.

More Entergy News

Here are the key news stories impacting Entergy this week:

• Positive Sentiment: Wells Fargo initiated or reiterated a Buy view, adding to favorable analyst sentiment. Entergy Receives a Buy from Wells Fargo
• Positive Sentiment: Entergy’s third-quarter results beat expectations: EPS was $1.98 versus a $1.73 consensus, while revenue also exceeded estimates. Coverage cited weather and data-center demand as supports for the longer-term outlook. Earnings beat, data-center demand and outlook
• Positive Sentiment: The company raised its dividend, which may appeal to income-focused investors. Companies that raised dividends
• Neutral Sentiment: Entergy’s 2026 EPS guidance of $4.35–$4.45 is broadly in line with the $4.41 analyst consensus, offering little apparent change to near-term expectations.
• Negative Sentiment: Industrial growth is cooling, and the planned expansion of Meta’s Hyperion data-center project is described as a key test of whether large-load demand can sustain the growth outlook. Meta’s Hyperion expansion is the next test
• Negative Sentiment: The dividend increase also puts cash returns and funding requirements in focus, as investors weigh payouts against Entergy’s capital needs. Dividend increase and funding needs

Entergy Trading Up 2.6%

NYSE ETR opened at $111.70 on Thursday. The company has a market capitalization of $52.12 billion, a PE ratio of 25.68, a P/E/G ratio of 2.43 and a beta of 0.44. Entergy Corporation has a 1 year low of $90.87 and a 1 year high of $118.44. The company has a fifty day moving average of $104.63 and a 200 day moving average of $107.53. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.18 and a quick ratio of 0.70.

Entergy (NYSE:ETR - Get Free Report) last posted its quarterly earnings data on Monday, November 2nd. The utilities provider reported $1.98 EPS for the quarter, topping the consensus estimate of $1.73 by $0.25. Entergy had a return on equity of 11.44% and a net margin of 14.63%. The company had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.12 billion. During the same period in the previous year, the business earned $1.53 EPS. Research analysts forecast that Entergy Corporation will post 4.41 earnings per share for the current year.

Entergy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be issued a dividend of $0.68 per share. This is a positive change from Entergy's previous quarterly dividend of $0.64. The ex-dividend date of this dividend is Friday, November 13th. This represents a $2.72 dividend on an annualized basis and a yield of 2.4%. Entergy's dividend payout ratio (DPR) is presently 62.53%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on ETR shares. Evercore upped their price objective on Entergy from $121.00 to $128.00 and gave the stock an "outperform" rating in a research report on Thursday, October 8th. Bank of America raised their price target on shares of Entergy from $112.00 to $115.00 in a research report on Monday, July 27th. Barclays reaffirmed an "overweight" rating and set a $115.00 price target (down from $128.00) on shares of Entergy in a research report on Monday, October 19th. JPMorgan Chase & Co. dropped their price target on Entergy from $137.00 to $130.00 and set an "overweight" rating on the stock in a research report on Tuesday, October 13th. Finally, BMO Capital Markets dropped their price objective on Entergy from $124.00 to $123.00 and set an "outperform" rating for the company in a research note on Thursday, July 30th. Twenty research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $121.57.

Entergy Profile

Entergy Corporation is an integrated energy company that operates as a regulated electric utility. Through its operating companies, the company generates, transmits and distributes electricity to residential, commercial, industrial and governmental customers. Its generation portfolio includes nuclear, natural gas, renewable and other power resources, while its transmission and distribution networks deliver electricity across its service territories.

Entergy serves customers in Arkansas, Louisiana, Mississippi and Texas, including the New Orleans area through Entergy New Orleans.

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