Nordea Investment Management AB Buys 318,221 Shares of Entergy Corporation $ETR

Key Points

• Nordea Investment Management AB increased its Entergy stake by 66.0%, buying 318,221 shares to hold 800,258 shares (~0.18% of the company) valued at about $74.5 million.
• Institutional investors now own 88.07% of Entergy, with major funds such as Vanguard, State Street, Bank of America, JPMorgan and Ameriprise all recently increasing their positions.
• Analysts carry a consensus rating of Moderate Buy with an average target of $107.17 (targets roughly $98–$108); Entergy reaffirmed FY2026 guidance of 4.25–4.45 EPS and pays a 2.5% yield via its $0.64 quarterly dividend.

Nordea Investment Management AB increased its stake in shares of Entergy Corporation (NYSE:ETR - Free Report) by 66.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 800,258 shares of the utilities provider's stock after purchasing an additional 318,221 shares during the period. Nordea Investment Management AB owned approximately 0.18% of Entergy worth $74,512,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ETR. Vanguard Group Inc. raised its stake in Entergy by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 57,947,906 shares of the utilities provider's stock valued at $5,400,165,000 after buying an additional 1,488,238 shares during the last quarter. State Street Corp grew its holdings in shares of Entergy by 1.8% in the third quarter. State Street Corp now owns 23,337,958 shares of the utilities provider's stock worth $2,174,864,000 after acquiring an additional 417,077 shares during the period. Bank of America Corp DE grew its holdings in shares of Entergy by 2.9% in the third quarter. Bank of America Corp DE now owns 16,034,738 shares of the utilities provider's stock worth $1,494,277,000 after acquiring an additional 452,562 shares during the period. JPMorgan Chase & Co. increased its position in Entergy by 3.3% during the third quarter. JPMorgan Chase & Co. now owns 14,648,707 shares of the utilities provider's stock valued at $1,365,113,000 after acquiring an additional 472,761 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in Entergy by 3.6% during the second quarter. Ameriprise Financial Inc. now owns 13,652,982 shares of the utilities provider's stock valued at $1,134,850,000 after acquiring an additional 479,093 shares during the last quarter. Institutional investors own 88.07% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on ETR shares. JPMorgan Chase & Co. dropped their target price on Entergy from $113.00 to $108.00 and set an "overweight" rating on the stock in a research report on Thursday, December 11th. UBS Group reaffirmed a "buy" rating and set a $105.00 price target (up from $96.00) on shares of Entergy in a research report on Wednesday, December 17th. Weiss Ratings reiterated a "buy (b)" rating on shares of Entergy in a research note on Thursday, January 22nd. TD Cowen began coverage on shares of Entergy in a report on Friday, January 9th. They issued a "buy" rating and a $108.00 price objective on the stock. Finally, Morgan Stanley set a $98.00 target price on shares of Entergy in a research report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $107.17.

Entergy Stock Performance

NYSE:ETR opened at $101.50 on Tuesday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.51 and a current ratio of 0.74. The stock has a 50-day simple moving average of $100.94 and a two-hundred day simple moving average of $96.22. The firm has a market capitalization of $45.98 billion, a PE ratio of 25.96, a P/E/G ratio of 1.97 and a beta of 0.64. Entergy Corporation has a 52-week low of $75.57 and a 52-week high of $107.93.

Entergy (NYSE:ETR - Get Free Report) last posted its quarterly earnings data on Thursday, February 12th. The utilities provider reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). The company had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.99 billion. Entergy had a return on equity of 10.89% and a net margin of 13.66%.During the same period last year, the business earned $0.66 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. Analysts forecast that Entergy Corporation will post 3.88 EPS for the current year.

Entergy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Monday, February 9th were issued a dividend of $0.64 per share. The ex-dividend date of this dividend was Monday, February 9th. This represents a $2.56 annualized dividend and a yield of 2.5%. Entergy's payout ratio is currently 65.47%.

Insider Buying and Selling at Entergy

In other news, EVP John C. Dinelli sold 5,372 shares of the stock in a transaction on Friday, February 20th. The shares were sold at an average price of $103.95, for a total value of $558,419.40. Following the completion of the sale, the executive vice president directly owned 23,609 shares of the company's stock, valued at $2,454,155.55. This represents a 18.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.47% of the stock is currently owned by insiders.

About Entergy

Entergy Corporation NYSE: ETR is an integrated energy company headquartered in New Orleans, Louisiana, that generates, transmits and distributes electricity. The company's operations combine regulated utility services with competitive power production, supplying retail electricity to residential, commercial and industrial customers while also participating in wholesale energy markets. Entergy's generation fleet includes nuclear, natural gas, hydropower and other resources, and it operates a network of transmission and distribution assets to deliver power to end users.

Entergy conducts its regulated utility business through state-based operating subsidiaries that serve customers across parts of Arkansas, Louisiana, Mississippi and southeast Texas.

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