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Wells Fargo Upgrades Entergy (NYSE:ETR) Rating to “Outperform” from “Market Perform”

Wells Fargo Analyst Rating Change Entergy NYSE:ETR

Entergy (NYSE:ETR) Rating Increased

Professional analysts at Wells Fargo’s research division increased Entergy (NYSE:ETR)’s stock from “Market Perform” to “Outperform” on 16 March.

This stock rating upgrade is well received by equity traders, as NYSE:ETR is right now trading 0.03% higher at $75.18 as of 2:03 AM New York time. Entergy shares have [From2] 0% over the past 200 days, while the S&P 500 has increased 13.63% in the same time period.

Out of 16 analysts covering Entergy, 1 rate it a Buy, 19 indicate a Hold while 1 suggest a Sell. The highest target is $88 and the lowest is $67 according to Thomson/First Call. The 12-month mean target is $78.09, which means upside potential of 3.87% over the current price.

Institutional Ownership

Symons Capital Management Inc had the largest stake with ownership of 273,096 shares as of Q2 2015 for 5.13% of the portfolio. Electron Capital Partners Llc is another bullish active investment manager who is owning 215,265 shares of Entergy or 3.68% of their portfolio. In addition, Breton Hill Capital Ltd. have 2.43% of their portfolio invested in the company for 104,482 shares. The New York-based fund Gideon Capital Advisors Inc. revealed it had acquired a stake worth about 2.29% of the active investment manager’s stock portfolio in Entergy. The California-based fund Polaris Greystone Financial Group Llc is also positive about the stock, possessing 49,446 shares or 2.01% of their portfolio.

Entergy (NYSE:ETR) Profile

Entergy CorpEntergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company operates through two business segments: Utility and Entergy Wholesale Commodities.

Entergy (NYSE:ETR) traded up 0.03% on 16 March, hitting $75.18. A total of 2 shares of the company’s stock traded hands. This is down from average of 1.40 million shares. Entergy has a 52 week low of $66.71 and a 52 week high of $82.08. The company has a market cap of $13.71 billion and a P/E ratio of 0.

Get the latest Entergy (NYSE:ETR) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Wells Fargo Upgrades Entergy (NYSE:ETR) Rating to “Outperform” from “Market Perform” appeared first on Octafinance.

This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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Wells Fargo Upgrades Entergy (NYSE:ETR) Rating to “Outperform” from “Market Perform”


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