North Point Portfolio Managers Decreased Ingredion (INGR) Position by $381,360; Verition Fund Management Stake in Entergy New (ETR) Has Lowered by $1.52 Million as Valuation Rose

January 19, 2018 - By Louis Casey

Verition Fund Management Llc decreased its stake in Entergy Corp New (ETR) by 21.04% based on its latest 2017Q3 regulatory filing with the SEC. Verition Fund Management Llc sold 19,962 shares as the company’s stock rose 2.91% with the market. The hedge fund held 74,925 shares of the central company at the end of 2017Q3, valued at $5.72M, down from 94,887 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 less bullish one the $14.00B market cap company. The stock decreased 0.13% or $0.1 during the last trading session, reaching $77.69. About 296,493 shares traded. Entergy Corporation (NYSE:ETR) has risen 1.84% since January 19, 2017 and is uptrending. It has underperformed by 14.86% the S&P500.

North Point Portfolio Managers Corp decreased its stake in Ingredion Inc. (INGR) by 2.3% based on its latest 2017Q3 regulatory filing with the SEC. North Point Portfolio Managers Corp sold 3,178 shares as the company’s stock declined 4.33% while stock markets rallied. The institutional investor held 135,181 shares of the packaged foods company at the end of 2017Q3, valued at $16.31M, down from 138,359 at the end of the previous reported quarter. North Point Portfolio Managers Corp who had been investing in Ingredion Inc. for a number of months, seems to be less bullish one the $9.85 billion market cap company. The stock increased 0.51% or $0.695 during the last trading session, reaching $137.095. About 71,957 shares traded. Ingredion Incorporated (NYSE:INGR) has declined 2.30% since January 19, 2017 and is downtrending. It has underperformed by 19.00% the S&P500.

Analysts await Entergy Corporation (NYSE:ETR) to report earnings on February, 21. They expect $0.48 earnings per share, up 54.84% or $0.17 from last year’s $0.31 per share. ETR’s profit will be $86.52M for 40.46 P/E if the $0.48 EPS becomes a reality. After $2.35 actual earnings per share reported by Entergy Corporation for the previous quarter, Wall Street now forecasts -79.57% negative EPS growth.

Among 16 analysts covering Entergy Corporation (NYSE:ETR), 6 have Buy rating, 2 Sell and 8 Hold. Therefore 38% are positive. Entergy Corporation had 57 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Underweight” rating by Morgan Stanley given on Friday, September 8. The rating was maintained by RBC Capital Markets on Sunday, August 20 with “Hold”. On Monday, October 19 the stock rating was upgraded by Goldman Sachs to “Neutral”. The firm earned “Outperform” rating on Thursday, March 16 by Wells Fargo. As per Monday, March 14, the company rating was maintained by JP Morgan. The rating was upgraded by Morgan Stanley on Thursday, September 21 to “Equal-Weight”. The firm has “Buy” rating by Citigroup given on Friday, October 13. The rating was maintained by JP Morgan on Monday, September 21 with “Neutral”. As per Tuesday, September 22, the company rating was upgraded by Barclays Capital. The stock has “Buy” rating by Bank of America on Tuesday, April 12.

Since August 4, 2017, it had 0 insider buys, and 17 insider sales for $3.79 million activity. The insider Brown Marcus V sold 1,500 shares worth $123,000. On Friday, August 4 HERMAN ALEXIS M sold $75,998 worth of Entergy Corporation (NYSE:ETR) or 995 shares. VINCI DONALD W sold $449,528 worth of Entergy Corporation (NYSE:ETR) on Monday, October 16. HINNENKAMP PAUL D also sold $193,200 worth of Entergy Corporation (NYSE:ETR) on Tuesday, October 17. On Wednesday, August 23 RICE CHARLES L JR sold $78,950 worth of Entergy Corporation (NYSE:ETR) or 1,000 shares. 2,000 shares were sold by FISACKERLY HALEY, worth $170,000 on Thursday, October 19.

Verition Fund Management Llc, which manages about $1.22 billion and $1.24 billion US Long portfolio, upped its stake in Aspen Insurance Holdings Ltd (NYSE:AHL) by 28,053 shares to 32,601 shares, valued at $1.32M in 2017Q3, according to the filing. It also increased its holding in Cullen Frost Bankers Inc (NYSE:CFR) by 7,989 shares in the quarter, for a total of 11,075 shares, and has risen its stake in Oracle Corp (NYSE:ORCL).

Investors sentiment increased to 1.08 in Q3 2017. Its up 0.19, from 0.89 in 2017Q2. It improved, as 26 investors sold ETR shares while 165 reduced holdings. 60 funds opened positions while 147 raised stakes. 146.03 million shares or 0.84% less from 147.26 million shares in 2017Q2 were reported. The Texas-based Next Finance Gp has invested 0.02% in Entergy Corporation (NYSE:ETR). South Dakota Invest Council accumulated 20,800 shares or 0.03% of the stock. State Treasurer State Of Michigan, a Michigan-based fund reported 54,515 shares. Credit Suisse Ag holds 0.03% in Entergy Corporation (NYSE:ETR) or 394,233 shares. First Trust Advsr Lp reported 0.05% stake. Cibc World Markets Incorporated owns 6,058 shares for 0% of their portfolio. Buckingham Asset Management Ltd Llc holds 0.05% or 2,776 shares in its portfolio. Atria Llc owns 33,910 shares for 0.14% of their portfolio. Fmr Ltd Liability has 1.63M shares for 0.02% of their portfolio. Da Davidson & holds 3,286 shares or 0% of its portfolio. Bkd Wealth Advisors Ltd reported 0.03% stake. Arga Invest Limited Partnership holds 45,200 shares or 0.41% of its portfolio. California-based Wells Fargo And Mn has invested 0.01% in Entergy Corporation (NYSE:ETR). Nebraska-based Ameritas Invest Prtn has invested 0.1% in Entergy Corporation (NYSE:ETR). Creative Planning invested in 0.01% or 14,177 shares.

Analysts await Ingredion Incorporated (NYSE:INGR) to report earnings on February, 1. They expect $1.74 earnings per share, up 4.19% or $0.07 from last year’s $1.67 per share. INGR’s profit will be $125.04 million for 19.70 P/E if the $1.74 EPS becomes a reality. After $2.21 actual earnings per share reported by Ingredion Incorporated for the previous quarter, Wall Street now forecasts -21.27% negative EPS growth.

North Point Portfolio Managers Corp, which manages about $628.27 million and $592.44M US Long portfolio, upped its stake in Henry Schein Inc. (NASDAQ:HSIC) by 111,568 shares to 222,608 shares, valued at $18.25 million in 2017Q3, according to the filing.

Among 7 analysts covering Ingredion Inc (NYSE:INGR), 4 have Buy rating, 1 Sell and 2 Hold. Therefore 57% are positive. Ingredion Inc had 22 analyst reports since August 3, 2015 according to SRatingsIntel. The rating was maintained by Citigroup with “Buy” on Wednesday, June 15. The firm has “Market Perform” rating given on Friday, October 30 by BMO Capital Markets. Jefferies maintained it with “Buy” rating and $145.0 target in Monday, September 25 report. As per Wednesday, August 2, the company rating was maintained by BMO Capital Markets. Jefferies maintained Ingredion Incorporated (NYSE:INGR) on Friday, October 27 with “Buy” rating. The firm has “Hold” rating by BMO Capital Markets given on Monday, June 26. The rating was initiated by Jefferies with “Buy” on Wednesday, December 16. The firm has “Overweight” rating by Stephens given on Friday, January 29. The stock of Ingredion Incorporated (NYSE:INGR) has “Buy” rating given on Friday, May 26 by Jefferies. The rating was initiated by Societe Generale with “Hold” on Thursday, September 8.

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