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

May 17, 2018 - By Alberta Moore

During Q4 2017 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 improved. 162 increased positions while 62 funds took positions. Funds hold 144.68 million shares thus 0.92% less from 2017Q3’s 146.03 million shares. Moreover, Pictet Asset Mgmt Limited has 0.19% invested in Entergy Corporation (NYSE:ETR) for 884,136 shs. Motco stated it has 0% of its capital in Entergy Corporation (NYSE:ETR). First Manhattan Co invested in 2,994 shs or 0% of the stock. Moreover, First Interstate Bankshares has 0.02% invested in Entergy Corporation (NYSE:ETR) for 1,107 shs. Wesbanco Bank & Trust has invested 0.07% in Entergy Corporation (NYSE:ETR). British Columbia Invest Management, a British Columbia – Canada-based fund reported 153,251 shs. Gemmer Asset Limited Liability has invested 0% of its capital in Entergy Corporation (NYSE:ETR). Evercore Wealth Management Ltd has 381 shs. Rodgers Brothers holds 3,129 shs. Wells Fargo And Communication Mn holds 0.01% in Entergy Corporation (NYSE:ETR) or 588,390 shs. Parallax Volatility Advisers L P owns 4,282 shs or 0% of their US capital. Oregon Public Employees Retirement Fund owns 0.09% invested in Entergy Corporation (NYSE:ETR) for 76,260 shs. Counselors holds 0.2% or 54,875 shs. First American Savings Bank stated it has 15,230 shs or 0.09% of all its holdings. 136,375 were reported by Cipher Cap Ltd Partnership.

ETR had 3 selling transactions and 0 buys since March 5, 2018. This’s net activity of $1.49 million. 7,700 shs were sold by May Phillip R Jr, worth $631,400. 500 shs were sold by FISACKERLY HALEY, worth $39,010.

According to 2018Q1 SEC form the Jim Simons decreased its stake in Entergy Corp New (NYSE:ETR) by 12.82%. The company’s stock Sank 1.27% while Renaissance Technologies Llc sold 487,100 shares. 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 3.31 million shares held by the hedge fund run by Jim Simons. $13.92B is the MC of Entergy Corp New. ETR is hitting $76.97 during the last trading session, after decreased 0.75%.Currently Entergy Corporation is uptrending after 3.67% change in last May 17, 2017. ETR has also 894,820 shares volume. ETR underperformed by 7.88% the S&P500.

Renaissance Technologies Llc operates about $63.99B and $91.44B US Long portfolio. According to a filing the fund increased its stake in Agnico Eagle Mines Ltd (NYSE:AEM) by 379,904 shares to 1.55 million shares, valued at $65.03 million in 2018Q1. For a total of 1.54M shares it increased its holding in Amag Pharmaceuticals Inc (NASDAQ:AMAG) by 692,900 shares in the quarter, and has risen its stake in Alnylam Pharmaceuticals Inc (NASDAQ:ALNY).

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 Monday, January 8 the rating was maintained by Mizuho with “Buy”. The company rating was maintained by JP Morgan on Tuesday, April 10. On Wednesday, December 13 the rating was maintained by Morgan Stanley with “Equal-Weight”. On Monday, April 16 Morgan Stanley maintained Entergy Corporation (NYSE:ETR) with “Equal-Weight” rating. On Thursday, April 26 the stock of Entergy Corporation (NYSE:ETR) earned “Neutral” rating by JP Morgan. On Tuesday, December 12 Bank of America upgraded Entergy Corporation (NYSE:ETR) rating. Bank of America has “Buy” rating and $89.0 target. On Tuesday, February 13 the firm has “Equal-Weight” rating given by Morgan Stanley. On Monday, February 26 the stock has “Outperform” rating by Wells Fargo. On Thursday, April 19 Mizuho maintained Entergy Corporation (NYSE:ETR) rating. Mizuho has “Buy” rating and $88.5000 target. On Friday, November 17 the firm has “Buy” rating by Mizuho given.

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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