Bank of America Upgrades Entergy Corporation to Buy

Brokerage firm Bank of America Upgrades its rating on Entergy Corporation(NYSE:ETR). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by Bank of America was issued on Apr 12, 2016.

In a different note, On Apr 1, 2016, Goldman Sachs said it Upgrades its rating on Entergy Corporation. The shares have been rated ‘Buy’ by the firm. On Mar 18, 2016, Barclays said it Maintains its rating on Entergy Corporation. In the research note, the firm Raises the price-target to $76.00 per share. The shares have been rated ‘Equal-weight’ by the firm. On Mar 14, 2016, JP Morgan said it Maintains its rating on Entergy Corporation. In the research note, the firm Raises the price-target to $70.00 per share. The shares have been rated ‘Neutral’ by the firm. On Feb 22, 2016, UBS said it Maintains its rating on Entergy Corporation. In the research note, the firm Raises the price-target to $62.00 per share. The shares have been rated ‘Sell’ by the firm. On Feb 19, 2016, Barclays said it Downgrades its rating on Entergy Corporation. In the research note, the firm Raises the price-target to $75.00 per share. The shares have been rated ‘Equal-weight’ by the firm.

Entergy Corporation (ETR) made into the market gainers list on Fridays trading session with the shares advancing 0.37% or 0.28 points. Due to strong positive momentum, the stock ended at $76.12, which is also near the day’s high of $76.48. The stock began the session at $75.8 and the volume stood at 14,39,347 shares. The 52-week high of the shares is $80.06 and the 52 week low is $61.27. The company has a current market capitalization of $13,587 M and it has 17,84,92,030 shares in outstanding.

Entergy Corporation(ETR) last announced its earnings results on Feb 18, 2016 for Fiscal Year 2015 and Q4.Earnings per share were $1.58. Analysts had estimated an EPS of $1.45.

Several Insider Transactions has been reported to the SEC. On Feb 24, 2016, Kimberly H Despeaux (Senior Vice President) sold 3,100 shares at $73.83 per share price.Also, On Jan 27, 2016, William M Mohl (President – EWCB) sold 4,974 shares at $69.50 per share price.On May 19, 2015, Donald W Vinci (SVP, Human Resources & CDO) sold 2,100 shares at $75.24 per share price, according to the Form-4 filing with the securities and exchange commission.

Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company owns and operates power plants with approximately 30000 megawatts of aggregate electric generating capacity including approximately 10000 megawatts of nuclear-fueled capacity. It operates in two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation transmission distribution and sale of electric power to retail and wholesale customers in areas of Arkansas Mississippi Texas and Louisiana including the City of New Orleans and operates a natural gas distribution business. The Entergy Wholesale Commodities business segment includes the ownership operation and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers.

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