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

May 17, 2018 - By Estela Ashley

Big Money Sentiment increased to 1.14 in 2017 Q4. It has change of 0.06, from 2017Q3’s 1.08. The ratio increased due to ETR positioning: 43 sold and 153 reduced. 62 funds took positions and 162 increased positions. Investors holded 146.03 million in 2017Q3 but now own 144.68 million shares or 0.92% less. Advisor Prtnrs Ltd Liability Com holds 5,041 shs or 0.07% of its capital. Td Asset Mgmt reported 0.04% in Entergy Corporation (NYSE:ETR). Hancock has 17,145 shs for 0.06% of their capital. Heartland Advsrs Incorporated invested in 129,806 shs or 0.68% of the stock. Nomura Holdg Inc owns 23,297 shs. First Allied Advisory Ser Inc invested in 0.06% or 17,619 shs. San Francisco Sentry Investment (Ca) holds 20 shs or 0% of its capital. The Illinois-based Blair William And Communications Il has invested 0% in Entergy Corporation (NYSE:ETR). Clinton Inc holds 0.42% of its capital in Entergy Corporation (NYSE:ETR) for 58,927 shs. Lombard Odier Asset Mngmt (Europe) Ltd stated it has 0.01% in Entergy Corporation (NYSE:ETR). Swiss Bank & Trust has invested 0.06% in Entergy Corporation (NYSE:ETR). Dimensional Fund Advisors Lp has 417,473 shs for 0.01% of their capital. Cubist Systematic Strategies Lc holds 0.09% of its capital in Entergy Corporation (NYSE:ETR) for 21,728 shs. Timber Hill Ltd Liability holds 0.18% or 34,438 shs in its capital. Dupont Capital Management Corp invested in 83,128 shs or 0.15% of the stock.

ETR had 3 insider sales and 0 buys since March 5, 2018. This’s net activity of $1.49 million. On Friday, April 27 a trade for 7,700 shs valued at $631,400 was made by May Phillip R Jr. The insider FISACKERLY HALEY sold $39,010.

Jim Simons reduced its holdings by 12.82% in Entergy Corp New (NYSE:ETR), according to 2018Q1 Securities and Exchange filling. The company’s stock Sank 1.27% while Renaissance Technologies Llc sold 487,100 shares. At the end of 2018Q1, the hedge fund run by Jim Simons held 3.31 million shares of the central company, valued at $260.89M, down from 3.80 million at the end of the previous reported quarter. $13.92B is Entergy Corp New’s MC. The stock decreased 0.75% or $0.58 during the last trading session, reaching $76.97.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%.

According to a filing the Renaissance Technologies Llc’s stake in Hill Rom Hldgs Inc (NYSE:HRC) was upped by 250,800 shares to 1.34M shares valued at $116.73M in 2018Q1. It manages about $63.99 billion and $91.44 billion US Long portfolio. Renaissance Technologies Llc has risen its stake in World Wrestling Entmt Inc (NYSE:WWE) and also increased its holding in Healthcare Svcs Grp Inc (NASDAQ:HCSG) by 384,900 shares in the quarter, for a total of 433,264 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

In total 7 analysts cover Entergy (NYSE:ETR). “Buy” rating has 4, “Sell” are 0, while 3 are “Hold”. (NYSE:ETR) has 57% bullish analysts. 14 are the (NYSE:ETR)’s ratings reports on May 17, 2018 according to StockzIntelligence Inc. On Tuesday, January 2 the stock has “Buy” rating by Guggenheim. On Wednesday, December 13 the company was maintained by Morgan Stanley. On Monday, January 8 Mizuho maintained Entergy Corporation (NYSE:ETR) rating. Mizuho has “Buy” rating and $84.5 target. The stock rating was maintained by Wells Fargo with “Outperform” on Monday, February 26. On Friday, November 17 the stock of Entergy Corporation (NYSE:ETR) earned “Buy” rating by Mizuho. On Thursday, April 26 JP Morgan maintained Entergy Corporation (NYSE:ETR) rating. JP Morgan has “Neutral” rating and $82 target. On Tuesday, December 12 the stock has “Buy” rating by Bank of America. On Friday, February 23 the company was maintained by Guggenheim. On Tuesday, February 13 Morgan Stanley maintained Entergy Corporation (NYSE:ETR) with “Equal-Weight” rating. In Monday, April 16 report Morgan Stanley maintained it with “Equal-Weight” rating and $81 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.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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