As Entergy Corp New (ETR) Stock Value Rose, Holder Verition Fund Management LLC Has Raised Its Stake

August 9, 2018 - By Billy Entrekin

Investors sentiment decreased to 0.96 in 2018 Q1. Its down 0.18, from 1.14 in 2017Q4. It dived, as 42 investors sold ETR shares while 178 reduced holdings. 62 funds opened positions while 149 raised stakes. 146.60 million shares or 1.33% more from 144.68 million shares in 2017Q4 were reported. Hall Laurie J Trustee owns 700 shares. Carroll Financial Associates holds 0% of its portfolio in Entergy Corporation (NYSE:ETR) for 208 shares. Legal And General Gp Public Ltd Company holds 1.21 million shares. Dupont Mngmt invested in 82,948 shares or 0.16% of the stock. Mirae Asset Glob Invs Communication Limited reported 0% in Entergy Corporation (NYSE:ETR). Tower Rech Limited Liability (Trc) holds 0.04% or 5,641 shares in its portfolio. Cap Invest Ltd owns 0.05% invested in Entergy Corporation (NYSE:ETR) for 9,655 shares. 343,123 are owned by Canada Pension Plan Inv Board. Swiss Natl Bank has 578,322 shares for 0.06% of their portfolio. Comml Bank Of The Ozarks has invested 0.13% in Entergy Corporation (NYSE:ETR). Korea Inv holds 145,604 shares. Louisiana State Employees Retirement System holds 11,000 shares. Morgan Stanley has 1.33M shares for 0.03% of their portfolio. Millennium Mgmt Ltd Liability Corporation holds 0.14% or 1.30M shares in its portfolio. Shell Asset Mgmt invested in 51,324 shares.

Since March 5, 2018, it had 0 buys, and 4 insider sales for $1.53 million activity. May Phillip R Jr also sold $631,400 worth of Entergy Corporation (NYSE:ETR) on Friday, April 27. FISACKERLY HALEY sold $39,010 worth of stock.

Verition Fund Management Llc increased its stake in Entergy Corp New (ETR) by 818% based on its latest 2018Q1 regulatory filing with the SEC. Verition Fund Management Llc bought 293,613 shares as the company’s stock rose 3.61% while stock markets declined. The hedge fund held 329,507 shares of the central company at the end of 2018Q1, valued at $25.96M, up from 35,894 at the end of the previous reported quarter. Verition Fund Management Llc who had been investing in Entergy Corp New for a number of months, seems to be bullish on the $14.99B market cap company. The stock increased 0.35% or $0.29 during the last trading session, reaching $82.91. About 542,095 shares traded. Entergy Corporation (NYSE:ETR) has risen 2.40% since August 9, 2017 and is uptrending. It has underperformed by 10.17% the S&P500.

Verition Fund Management Llc, which manages about $1.22 billion and $1.34 billion US Long portfolio, decreased its stake in Ishares Tr (ACWX) by 459,094 shares to 16,700 shares, valued at $830,000 in 2018Q1, according to the filing. It also reduced its holding in 51Job Inc (Prn) by 2.50 million shares in the quarter, leaving it with 2.50M shares, and cut its stake in Spdr S&P 500 Etf Tr (Call) (SPY).

More news for Entergy Corporation (NYSE:ETR) were recently published by: Seekingalpha.com, which released: “Entergy Corporation 2018 Q2 – Results – Earnings Call Slides” on August 01, 2018. Seekingalpha.com‘s article titled: “Entergy Corporation (ETR) CEO Leo Denault on Q2 2018 Results – Earnings Call Transcript” and published on August 01, 2018 is yet another important article.

Entergy Corporation (NYSE:ETR) Ratings Coverage

Among 9 analysts covering Entergy (NYSE:ETR), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Entergy had 15 analyst reports since February 13, 2018 according to SRatingsIntel. The firm has “Equal-Weight” rating given on Wednesday, June 13 by Morgan Stanley. The firm earned “Outperform” rating on Monday, February 26 by Wells Fargo. The firm earned “Equal-Weight” rating on Friday, June 22 by Morgan Stanley. The stock of Entergy Corporation (NYSE:ETR) has “Equal-Weight” rating given on Tuesday, February 13 by Morgan Stanley. As per Tuesday, April 10, the company rating was maintained by JP Morgan. On Monday, April 16 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. Guggenheim maintained the shares of ETR in report on Friday, February 23 with “Buy” rating. UBS upgraded the shares of ETR in report on Friday, August 3 to “Buy” rating. Morgan Stanley maintained Entergy Corporation (NYSE:ETR) on Monday, July 16 with “Equal-Weight” rating. As per Thursday, March 8, the company rating was maintained by Morgan Stanley.

Entergy Corporation (NYSE:ETR) Institutional Positions Chart

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