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September 13, 2013
14:47 EDTITC, ETREntergy, ITC re-filing statement positive, says Wells Fargo
After Entergy (ETR) and ITC Holdings (ITC) said they would soon re-file a joint application with the Public Utility Commission of Texas for the proposed spin-merge of Entergy's transmission assets, Wells Fargo thinks that the companies' statement indicates they believe there is a good chance that regulators will approve the deal. The firm keeps Outperform ratings on both stocks.
News For ETR;ITC From The Last 14 Days
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July 29, 2014
09:13 EDTITCITC Holdings 6.5M share Block Trade priced at $35.20
Credit Suisse acted as sole book running manager for the offering.
07:11 EDTETREntergy expects to achieve operating EPS growth of 2%-4% CAGR by 2016
Sees Utility operational net income outlook of $1B-$1.05B by 2016, or 5%-7% compound annual growth rate off 2013 base, through a combination of rate base growth and return on equity improvement. Sees EWC operational adjusted EBITDA estimates will experience volatility based on commodity market activities at specific points in time. The EWC strategy is to preserve optionality and manage risks in that business. Parent and Other operational earnings per share outlook of $(1.10) to $(1.20) in 2016. Key drivers include level of borrowings as well cost of debt, level of affiliate preferred investments and effective income tax rate.
07:09 EDTETREntergy backs FY14 operating EPS $5.55-$6.75, consensus $6.19
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07:08 EDTETREntergy reports Q2 EPS $1.11, consensus $1.15
Reports Q2 revenue $3.0B, consensus $2.94B
July 28, 2014
15:47 EDTETRNotable companies reporting before tomorrow's open
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July 21, 2014
10:02 EDTITCOn The Fly: Analyst Upgrade Summary
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07:44 EDTITCITC Holdings upgraded to Buy from Hold at Argus
Argus upgraded ITC Holdings based on growing network of transmission assets that earn higher returns. Price target is $42.
July 17, 2014
07:06 EDTETREntergy backs FY14 EPS $5.55-$6.75, consensus $6.17
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07:06 EDTETREntergy sees Q2 EPS $1.10, consensus $1.16
The company said the increase in earnings reflected top line growth, particularly at Entergy Wholesale Commodities, the wholesale generation business, where both higher volume and prices contributed.

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