Renaissance Technologies Llc Trimmed Its Position in Entergy Corp New (NYSE:ETR) by $37.99 Million as Price Declined

May 17, 2018 - By Palma Niemeyer

During 2017 Q4 the big money sentiment increased to 1.14. That’s change of 0.06, from 2017Q3’s 1.08. 43 investors sold all, 153 reduced holdings as ETR ratio is positive. 162 grew stakes while 62 funds took stakes. Funds hold 144.68 million shares thus 0.92% less from 2017Q3’s 146.03 million shares. Principal Financial Grp Incorporated holds 1.02 million shs. Panagora Asset stated it has 116,021 shs. Moneta Gru Inv Ltd Company holds 166 shs. Lazard Asset Ltd Liability Corp holds 5,000 shs. Tcw Gp holds 13,380 shs or 0.01% of its capital. The Florida-based Dreman Value Management L L C has invested 0.24% in Entergy Corporation (NYSE:ETR). Employees Retirement Association Of Colorado reported 33,968 shs. 8,329 are held by Livforsakringsbolaget Skandia Omsesidigt. Horizon Invests owns 0.06% invested in Entergy Corporation (NYSE:ETR) for 5,239 shs. Ghp Inv Advisors Inc owns 8,102 shs. Commonwealth Financial Bank Of Australia stated it has 0.03% in Entergy Corporation (NYSE:ETR). State Street Corporation holds 0.06% or 9.37M shs in its capital. Johnson Invest Counsel reported 0.01% of its capital in Entergy Corporation (NYSE:ETR). E&G Advsr L P invested in 0.15% or 4,500 shs. Baldwin Brothers Ma reported 0% of its capital in Entergy Corporation (NYSE:ETR).

ETR had 3 insider sales and 0 buys since March 5, 2018. This’s net activity of $1.49 million. 10,396 shs were sold by Mount Alyson M, worth $816,086 on Monday, March 5. On Monday, March 5 a trade for 500 shs valued at $39,010 was made by FISACKERLY HALEY.

Jim Simons’s stake in Entergy Corp New (NYSE:ETR) is decreased by 12.82% based on its latest 2018Q1 regulatory filing with the SEC. 487,100 shares were sold by Renaissance Technologies Llc as the company’s stock declined 1.27% with the market. At the end of 2018Q1, the 3.31 million shares of the central company held by the hedge fund run by Jim Simons were priced at $260.89M, down from 3.80M at the end of the previous reported quarter. Entergy Corp New has $13.92B market cap. ETR reached $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. ETR underperformed the S&P 500 by 7.88%.

Renaissance Technologies Llc upped its stake in Blackbaud Inc (NASDAQ:BLKB) by 150,700 shares to 197,597 shares, valued at $20.12M in 2018Q1, according to the filing. It operates about $63.99 billion and $91.44B US Long portfolio. For a total of 3.97M shares it increased its holding in Cypress Semiconductor Corp (NASDAQ:CY) by 3.14M shares in the quarter, and has risen its stake in Mercury Genl Corp New (NYSE:MCY).

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

A total of 7 analysts rate Entergy (NYSE:ETR) as follows: 4 “Buy”, 3 “Hold” and 0 “Sell”. Тherefore 57% are bullish. (NYSE:ETR) has 14 ratings reports on May 17, 2018 according to StockzIntelligence. On Monday, April 16 the stock has “Equal-Weight” rating by Morgan Stanley. On Friday, November 17 the stock of Entergy Corporation (NYSE:ETR) earned “Buy” rating by Mizuho. On Tuesday, February 13 the stock of Entergy Corporation (NYSE:ETR) has “Equal-Weight” rating given by Morgan Stanley. On Monday, January 8 the company was maintained by Mizuho. On Monday, February 26 Wells Fargo maintained the shares of ETR in report with “Outperform” rating. On Thursday, April 19 the stock of Entergy Corporation (NYSE:ETR) earned “Buy” rating by Mizuho. On Friday, February 23 the firm has “Buy” rating given by Guggenheim. On Wednesday, December 13 the stock has “Equal-Weight” rating by Morgan Stanley. On Thursday, March 8 the company was maintained by Morgan Stanley. The stock rating was maintained by JP Morgan with “Neutral” on Thursday, April 26.

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.33.76 is the P/E ratio. 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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