Entergy Corporation (ETR) is Upgraded by Guggenheim to Buy

Entergy Corporation (ETR) was Upgraded by Guggenheim to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. Guggenheim advised their investors in a research report released on Aug 22, 2016.

On the company’s financial health, Entergy Corporation reported $3.16 EPS for the quarter, beating the analyst consensus estimate by $ 2.12 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $1.04.Analysts expectations of $ 2822.63.During the same quarter in the previous year, the company posted $0.83 EPS.

Entergy Corporation closed down -1.29 points or -1.63% at $77.99 with 10,66,341 shares getting traded on Friday. Post opening the session at $78.93, the shares hit an intraday low of $77.67 and an intraday high of $79.17 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Aug 16, 2016, Kimberly H Despeaux (Senior Vice President) sold 2,000 shares at $79.55 per share price. According to the SEC, on May 17, 2016, Alexis M Herman (director) sold 1,091 shares at $76.24 per share price. On May 5, 2016, Roderick K West (EVP & Chief Admin. Officer) sold 64,000 shares at $75.76 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.

Entergy Corporation

Leave a Reply

Entergy Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on Entergy Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.