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

May 17, 2018 - By Kevin Carney

Big Money Sentiment increased to 1.14 in Q4 2017. It has change of 0.06, from 2017Q3’s 1.08. The ratio improved due to ETR positioning: 43 sold and 153 reduced. 62 funds amassed positions and 162 increased positions. Investors holded 146.03 million in 2017Q3 but now own 144.68 million shares or 0.92% less. Mason Street Advisors Limited Liability Corporation owns 25,107 shs for 0.05% of their capital. Smithfield Trust reported 0% in Entergy Corporation (NYSE:ETR). Ledyard State Bank invested 0.02% of its capital in Entergy Corporation (NYSE:ETR). Tci Wealth Advisors Inc accumulated 0.03% or 788 shs. Assetmark has invested 0% of its capital in Entergy Corporation (NYSE:ETR). Adage Capital Gru Ltd Limited Liability Company has 0.24% invested in Entergy Corporation (NYSE:ETR) for 1.31M shs. Hennessy Advsrs accumulated 11,560 shs. Stevens Capital Mgmt Limited Partnership reported 0.36% stake. Cambridge Advsr stated it has 0.05% in Entergy Corporation (NYSE:ETR). Heartland holds 129,806 shs or 0.68% of its capital. Glg Prns Limited Partnership has invested 0.02% in Entergy Corporation (NYSE:ETR). Colony Gru Ltd Liability invested in 17,710 shs. Ameriprise has invested 0.14% in Entergy Corporation (NYSE:ETR). Commonwealth Bancshares Of owns 37,901 shs or 0.03% of their US capital. Lazard Asset Mngmt Ltd Limited Liability Company owns 5,000 shs for 0% of their capital.

ETR registered $1.49 million net activity with 0 buys and 3 selling transactions since March 5, 2018. Another trade for 500 shs valued at $39,010 was made by FISACKERLY HALEY on Monday, March 5. $816,086 worth of Entergy Corporation (NYSE:ETR) shs were sold by Mount Alyson M.

Jim Simons decreased its holdings by 12.82% in Entergy Corp New (NYSE:ETR), according to 2018Q1 Securities and Exchange filling. 487,100 shares were sold by Renaissance Technologies Llc as the company’s stock declined 1.27% with the market. The central company at the end of 2018Q1 was priced at $260.89M. It’s down from 3.80M at the end of the previous reported quarter. Now it had 3.31 million shares held by the hedge fund run by Jim Simons. $13.92B is the MC of Entergy Corp New. The stock decreased 0.75% or $0.58 during the last trading session, touching $76.97.Currently Entergy Corporation is uptrending after 3.67% change in last May 17, 2017. ETR has also 894,820 shares volume. ETR underperformed the S&P500 by 7.88%.

Renaissance Technologies Llc manages about $63.99 billion and $91.44B US Long portfolio. According to a filing the fund rose its stake in Motorola Solutions Inc (NYSE:MSI) by 613,000 shares to 1.42M shares, valued at $149.99 million in 2018Q1. For a total of 1.37M shares it increased its holding in Heico Corp New (NYSE:HEI.A) by 407,051 shares in the quarter, and has risen its stake in Emergent Biosolutions Inc (NYSE:EBS).

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

In total 7 analysts cover Entergy (NYSE:ETR). “Buy” rating has 4, “Sell” are 0, while 3 are “Hold”. 57% are bullish. 14 are the (NYSE:ETR)’s analyst reports since November 17, 2017 according to StockzIntelligence Inc. On Monday, April 16 the company was maintained by Morgan Stanley. The stock rating was maintained by Wells Fargo with “Outperform” on Monday, February 26. On Wednesday, December 13 the company was maintained by Morgan Stanley. On Tuesday, February 13 the rating was maintained by Morgan Stanley with “Equal-Weight”. In Monday, January 8 report Mizuho maintained the stock with “Buy” rating. On Tuesday, January 2 the stock of Entergy Corporation (NYSE:ETR) earned “Buy” rating by Guggenheim. On Tuesday, April 10 the firm has “Neutral” rating given by JP Morgan. On Friday, November 17 Mizuho upgraded the shares of ETR in report to “Buy” rating. On Thursday, April 26 JP Morgan maintained Entergy Corporation (NYSE:ETR) with “Neutral” rating. On Tuesday, December 12 the firm earned “Buy” rating by Bank of America.

Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States.The firm is worth $13.92 billion. 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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