Renaissance Technologies Llc Position in Entergy Corp New (NYSE:ETR) Lowered as Price Declined

May 17, 2018 - By Jenna Rose

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 increased. 162 rose positions while 62 funds bought positions. Funds hold 144.68 million shares thus 0.92% less from 2017Q3’s 146.03 million shares. Bluecrest Capital Mgmt reported 59,122 shs. Meritage Portfolio reported 143,680 shs or 1.12% of all its holdings. Texas Permanent School Fund invested in 49,209 shs or 0.05% of the stock. 314,414 were accumulated by Asset One Co. Tcw Group Incorporated has 0.01% invested in Entergy Corporation (NYSE:ETR). Valley Natl Advisers Incorporated owns 42 shs or 0% of their US capital. Bkd Wealth Ltd Company accumulated 0.03% or 3,690 shs. Livforsakringsbolaget Skandia Omsesidigt accumulated 8,329 shs. Atlantic Gru Ltd Liability Corp stated it has 0% of its capital in Entergy Corporation (NYSE:ETR). Kbc Group Inc Nv holds 0.06% or 85,622 shs in its capital. 3,842 were accumulated by Hilltop Inc. Quantitative Systematic Strategies Llc invested in 0.1% or 4,874 shs. S&Co accumulated 8,616 shs. Hartford Inv Management invested in 45,139 shs. Moreover, Stephens Inc Ar has 0.04% invested in Entergy Corporation (NYSE:ETR).

ETR registered $1.49 million net activity with 0 insider buys and 3 insider sales since March 5, 2018. On Monday, March 5 Mount Alyson M sold $816,086 worth of Entergy Corporation (NYSE:ETR). On Monday, March 5 FISACKERLY HALEY also sold $39,010 worth of Entergy Corporation (NYSE:ETR).

Based on the latest 2018Q1 regulatory filing with the SEC, 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. At the end of 2018Q1, the hedge fund run by Jim Simons held 3.31 million shares of the central company, priced 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, touching $76.97.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 increased its stake in American Tower Corp New (NYSE:AMT) by 204,400 shares to 2.91M shares, valued at $422.69 million in 2018Q1, according to the filing. It operates about $63.99B and $91.44B US Long portfolio. Renaissance Technologies Llc has risen its stake in Nrg Energy Inc (NYSE:NRG) and also increased its holding in Tesla Inc (NASDAQ:TSLA) by 279,700 shares in the quarter, for a total of 367,792 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

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 Wednesday, December 13 Morgan Stanley maintained Entergy Corporation (NYSE:ETR) with “Equal-Weight” rating. On Monday, April 16 the stock has “Equal-Weight” rating by Morgan Stanley. On Thursday, April 19 the stock of Entergy Corporation (NYSE:ETR) earned “Buy” rating by Mizuho. On Tuesday, December 12 the stock of Entergy Corporation (NYSE:ETR) earned “Buy” rating by Bank of America. On Thursday, March 8 Morgan Stanley maintained the shares of ETR in report with “Equal-Weight” rating. On Friday, February 23 the company was maintained by Guggenheim. On Thursday, April 26 the company was maintained by JP Morgan. On Tuesday, January 2 the stock of Entergy Corporation (NYSE:ETR) has “Buy” rating given by Guggenheim. On Tuesday, April 10 JP Morgan maintained the shares of ETR in report with “Neutral” rating. In Monday, January 8 report Mizuho maintained the stock with “Buy” rating.

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.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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