Entergy Corp New (NYSE:ETR) Shareholder Renaissance Technologies Llc Trimmed Position by $37.99 Million

May 17, 2018 - By Sarah Holford

Big Money Sentiment increased to 1.14 in 2017 Q4. It has change of 0.06, from 2017Q3’s 1.08. The ratio is positive due to ETR positioning: 43 sold and 153 reduced. 62 funds bought stakes and 162 increased stakes. Investors holded 146.03 million in 2017Q3 but now own 144.68 million shares or 0.92% less. The Virginia-based Bb&T Secs Lc has invested 0% in Entergy Corporation (NYSE:ETR). Panagora Asset Mgmt reported 116,021 shs or 0.04% of all its holdings. Stevens Mgmt L P stated it has 114,053 shs or 0.36% of all its holdings. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Corporation holds 0.04% in Entergy Corporation (NYSE:ETR) or 54,000 shs. Segment Wealth Management invested 0.05% in Entergy Corporation (NYSE:ETR). Rmb Mngmt Limited Liability Corp reported 8,000 shs. Texas Permanent School Fund stated it has 49,209 shs. Community Natl Bank Na owns 100 shs or 0% of their US capital. Ghp Invest holds 8,102 shs or 0.09% of its capital. Anchor Advsrs Ltd Liability has 249,743 shs. Cornerstone Advisors invested 0% of its capital in Entergy Corporation (NYSE:ETR). Jefferies Group Incorporated Ltd holds 0.01% or 29,575 shs in its capital. Orrstown Finance Svcs owns 17 shs for 0% of their capital. Proshare Advisors Lc has 42,764 shs for 0.02% of their capital. Moreover, Westpac Bk has 0.02% invested in Entergy Corporation (NYSE:ETR) for 10,764 shs.

ETR registered $1.49 million net activity with 0 buys and 3 selling transactions since March 5, 2018. On Monday, March 5 $816,086 worth of Entergy Corporation (NYSE:ETR) was sold by Mount Alyson M. The insider FISACKERLY HALEY sold $39,010.

Based on the latest 2018Q1 regulatory filing with the SEC, Jim Simons decreased its stake in Entergy Corp New (NYSE:ETR) by 12.82%. By selling 487,100 shares Renaissance Technologies Llc made the stock Sank with 1.27%. At the end of 2018Q1, the 3.31 million shares of the central company held by the hedge fund run by Jim Simons were valued at $260.89 million, down from 3.80 million at the end of the previous reported quarter. $13.92B is Entergy Corp New’s MC. ETR touched $76.97 during the last trading session after $0.58 change.Entergy Corporation has volume of 894,820 shares. Since May 17, 2017 ETR has risen 3.67% and is uptrending. The stock underperformed the S&P500 by 7.88%.

Renaissance Technologies Llc manages about $63.99 billion and $91.44 billion US Long portfolio. According to a filing the fund rose its stake in Alnylam Pharmaceuticals Inc (NASDAQ:ALNY) by 227,300 shares to 235,400 shares, valued at $28.04M in 2018Q1. Renaissance Technologies Llc has risen its stake in Check Point Software Tech Lt (NASDAQ:CHKP) and also increased its holding in Simon Ppty Group Inc New (NYSE:SPG) by 296,705 shares in the quarter, for a total of 369,905 shares.

Jim Simons, one of the wealthiest men on the planet, is also the Medallion Hedge Fund manager. Through the Medallion Fund, inefficiencies in the stock market are exploited. The Medallion Fund takes advantage of large transaction inefficiencies by employing an algorithm to determine whether or not it’s execution is run well. Through this process, Simons has brought Medallion higher transaction costs as well as high expenses. They now charge a five percent fixed fee, as well as a high 44% performance fee. Renaissance Technologies Llc is a New York-based hedge fund that was founded by Jim Simons. It had more than $63.99 billion assets under management in March, 2014. Renaissance Technologies Llc is the 79th largest hedge fund in our database. Taken from Renaissance Technologies latest Adv, the fund reported to have 280 full and part-time employees. Among which 140 performing investment advisory and research functions. The hedge fund had between 26-100 clients.

Entergy Corporation (NYSE:ETR) Ratings Coverage

Total analysts of 7 have positions in Entergy (NYSE:ETR) as follows: 4 rated it a “Buy”, 0 with “Sell” and 3 with “Hold”. The positive are 57%. Since November 17, 2017 according to StockzIntelligence Inc Entergy has 14 analyst reports. On Monday, February 26 the stock has “Outperform” rating by Wells Fargo. The company rating was maintained by JP Morgan on Tuesday, April 10. On Thursday, April 19 the firm earned “Buy” rating by Mizuho. On Monday, April 16 the stock has “Equal-Weight” rating by Morgan Stanley. On Thursday, April 26 the rating was maintained by JP Morgan with “Neutral”. On Monday, January 8 the rating was maintained by Mizuho with “Buy”. On Friday, November 17 the firm earned “Buy” rating by Mizuho. On Thursday, March 8 Morgan Stanley maintained the shares of ETR in report with “Equal-Weight” rating. On Friday, February 23 the firm has “Buy” rating by Guggenheim given. In Wednesday, December 13 report Morgan Stanley maintained it with “Equal-Weight” rating and $88 target.

Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States.The company has $13.92 billion market cap. It operates through two divisions, Utility and Entergy Wholesale Commodities.The P/E ratio is 33.76. The Utility segment generates, transmits, distributes, and sells electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and distributes natural gas.

Entergy Corporation (NYSE:ETR) Institutional Investors Chart

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