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

May 17, 2018 - By Alicia Butler

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 increased. 162 grew positions while 62 funds took positions. Funds hold 144.68 million shares thus 0.92% less from 2017Q3’s 146.03 million shares. The Massachusetts-based Ngam Advsrs Lp has invested 0.02% in Entergy Corporation (NYSE:ETR). Rench Wealth owns 30,947 shs for 1.64% of their capital. 101,000 were reported by Crow Point Prns Limited Liability Co. Heartland reported 129,806 shs. Cibc Commercial Bank Usa has invested 0.04% in Entergy Corporation (NYSE:ETR). Fiduciary Tru Com holds 21,120 shs. Loomis Sayles And Lp, Massachusetts-based fund reported 2,687 shs. 500 were reported by Rockefeller Finance Inc. California Pub Employees Retirement reported 625,763 shs or 0.07% of all its holdings. Sei holds 0.01% or 43,035 shs. Northpointe Llc holds 47,408 shs. Stephens Inc Ar holds 0.04% of its capital in Entergy Corporation (NYSE:ETR) for 13,334 shs. Balyasny Asset Llc has 19,646 shs. Livforsakringsbolaget Skandia Omsesidigt has invested 0.06% in Entergy Corporation (NYSE:ETR). 1,070 are owned by Endurance Wealth Mngmt Incorporated.

ETR registered $1.49 million net activity with 0 insider buys and 3 sales since March 5, 2018. May Phillip R Jr sold $631,400 worth of stock. Mount Alyson M had sold 10,396 shs worth $816,086.

In Entergy Corp New (NYSE:ETR) was reduced the stake owned by Jim Simons. The decrease is 12.82% according to 2018Q1 SEC form. 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 valued at $260.89M. It’s down from 3.80M at the end of the previous reported quarter. Now it had 3.31M shares held by the hedge fund run by Jim Simons. Entergy Corp New has $13.92B MC. Ticker’s shares touched $76.97 during the last trading session after 0.75% 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%.

A portfolio of $63.99B and $91.44 billion is managed by Renaissance Technologies Llc. As it’s [published] in SEC form the stake in Best Buy Inc (NYSE:BBY) is upped by 2.16M shares to 5.54M shares. They are valued at $387.96M in 2018Q1. Renaissance Technologies Llc has risen its stake in Snap On Inc (NYSE:SNA) and also increased its holding in Cognizant Technology Solutio (NASDAQ:CTSH) by 482,100 shares in the quarter, for a total of 935,352 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 Friday, February 23 Guggenheim maintained Entergy Corporation (NYSE:ETR) with “Buy” rating. On Tuesday, January 2 the stock of Entergy Corporation (NYSE:ETR) has “Buy” rating given by Guggenheim. On Friday, November 17 Mizuho upgraded Entergy Corporation (NYSE:ETR) to “Buy” rating. On Tuesday, December 12 the firm has “Buy” rating given by Bank of America. In Thursday, March 8 report Morgan Stanley maintained it with “Equal-Weight” rating and $76 target. On Wednesday, December 13 Morgan Stanley maintained the shares of ETR in report with “Equal-Weight” rating. The stock rating was maintained by Morgan Stanley with “Equal-Weight” on Monday, April 16. On Monday, February 26 Wells Fargo maintained Entergy Corporation (NYSE:ETR) rating. Wells Fargo has “Outperform” rating and $90 target. On Monday, January 8 Mizuho maintained the shares of ETR in report with “Buy” rating. On Thursday, April 19 Mizuho maintained Entergy Corporation (NYSE:ETR) rating. Mizuho has “Buy” rating and $88.5000 target.

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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