Hedge Funds Are Buying Entergy Corporation (ETR)

Page 1 of 2

Should Entergy Corporation (NYSE:ETR) investors track the following data?

Now, according to many investors, hedge funds are assumed to be bloated, old financial vehicles of a period lost to current times. Although there are more than 8,000 hedge funds in operation today, this site looks at the elite of this group, close to 525 funds. It is assumed that this group has its hands on most of the smart money’s total capital, and by monitoring their highest performing investments, we’ve figured out a number of investment strategies that have historically outperformed Mr. Market. Our small-cap hedge fund strategy outpaced the S&P 500 index by 18 percentage points per year for a decade in our back tests, and since we’ve started sharing our picks with our subscribers at the end of August 2012, we have trumped the S&P 500 index by 33 percentage points in 11 months (find the details here).

Equally as useful, positive insider trading sentiment is another way to look at the investments you’re interested in. There are many incentives for an upper level exec to downsize shares of his or her company, but only one, very obvious reason why they would behave bullishly. Many empirical studies have demonstrated the impressive potential of this method if investors understand what to do (learn more here).

Entergy Corporation

Now that that’s out of the way, let’s analyze the latest info about Entergy Corporation (NYSE:ETR).

Hedge fund activity in Entergy Corporation (NYSE:ETR)

In preparation for the third quarter, a total of 18 of the hedge funds we track were long in this stock, a change of 20% from the first quarter. With hedge funds’ sentiment swirling, there exists a select group of key hedge fund managers who were increasing their holdings meaningfully.

When using filings from the hedgies we track, Pzena Investment Management, managed by Richard S. Pzena, holds the largest position in Entergy Corporation (NYSE:ETR). Pzena Investment Management has a $280.6 million position in the stock, comprising 1.9% of its 13F portfolio. On Pzena Investment Management’s heels is Matt McLennan of First Eagle Investment Management, with a $259.6 million position; the fund has 0.8% of its 13F portfolio invested in the stock. Other hedgies that hold long positions include Israel Englander’s Millennium Management, Ken Griffin’s Citadel Investment Group and Cliff Asness’s AQR Capital Management.

As aggregate interest spiked, particular hedge funds were leading the bulls’ herd. Pzena Investment Management, managed by Richard S. Pzena, initiated the most outsized position in Entergy Corporation (NYSE:ETR). Pzena Investment Management had 280.6 million invested in the company at the end of the quarter. Matt McLennan’s First Eagle Investment Management also initiated a $259.6 million position during the quarter. The other funds with brand new ETR positions are Israel Englander’s Millennium Management, Ken Griffin’s Citadel Investment Group, and Cliff Asness’s AQR Capital Management.

How have insiders been trading Entergy Corporation (NYSE:ETR)?

Bullish insider trading is most useful when the company in focus has seen transactions within the past six months. Over the last half-year time period, Entergy Corporation (NYSE:ETR) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).

We’ll also review the relationship between both of these indicators in other stocks similar to Entergy Corporation (NYSE:ETR). These stocks are The AES Corporation (NYSE:AES), Calpine Corporation (NYSE:CPN), Wisconsin Energy Corporation (NYSE:WEC), Companhia Energetica Minas Gerais (ADR) (NYSE:CIG), and DTE Energy Co (NYSE:DTE). All of these stocks are in the electric utilities industry and their market caps are similar to ETR’s market cap.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

5 Best States for Golf Adventures

Top 15 Places To Visit Before You Die

10 Most Expensive Smartphones in the World

10 States with Lowest Physician Density

10 Top Reasons For Getting Fired

The 3 Best States to Start an LLC

10 Jobs That Allow You to Travel

7 High-Paying Jobs You Can Do From Home

12 Best Cities to Shop in USA

10 Best States To Practice Medicine

The 10 Best States to Have a Business

The 12 Most Expensive Apple (AAPL) Apps in the Market

The 10 Richest Billionaires in the World

10 Biggest Kickstarter Failures

The 10 Best Places to Work At

The Top 10 of Google Inc (GOOGL)’s Most Expensive Acquisitions

13 Best Cities to Visit in South America

10 Most Expensive Works of Art of All Time

The 10 Richest Banks in the World

The 10 Best-Paying Jobs in America (2014)

7 Most Expensive Foods in the World

The World’s Top 10 Earning Authors

Five Wicked and Very Expensive Items (and Other “Stuff”) Sold on eBay

10 Biggest Celebrity Bankruptcies

The Top 10 Highest Paid CEOs in 2014

The 10 Most Expensive Real Estate Cities in America

10 Most Expensive States To Live In America

The 10 Best Airlines in the World

The 10 Best-Selling Cars in 2014

The 10 Best Industries to Invest In

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!