Northpointe Capital Boosted Entergy New (ETR) Stake by $995,733; Three Peaks Capital Management Decreased Its Republic Svcs (RSG) Position by $1.24 Million; Market Value Declined

May 19, 2018 - By William Brooks

Republic Services, Inc. (NYSE:RSG) Logo

Northpointe Capital Llc increased its stake in Entergy Corp New (ETR) by 35.01% based on its latest 2017Q4 regulatory filing with the SEC. Northpointe Capital Llc bought 12,293 shares as the company’s stock declined 1.27% with the market. The institutional investor held 47,408 shares of the central company at the end of 2017Q4, valued at $3.86 million, up from 35,115 at the end of the previous reported quarter. Northpointe Capital Llc who had been investing in Entergy Corp New for a number of months, seems to be bullish on the $13.77B market cap company. The stock decreased 0.16% or $0.12 during the last trading session, reaching $76.14. About 1.01M shares traded. Entergy Corporation (NYSE:ETR) has risen 3.67% since May 19, 2017 and is uptrending. It has underperformed by 7.88% the S&P500.

Three Peaks Capital Management Llc decreased its stake in Republic Svcs Inc (RSG) by 7.48% based on its latest 2017Q4 regulatory filing with the SEC. Three Peaks Capital Management Llc sold 18,513 shares as the company’s stock declined 1.48% with the market. The institutional investor held 228,978 shares of the public utilities company at the end of 2017Q4, valued at $15.48 million, down from 247,491 at the end of the previous reported quarter. Three Peaks Capital Management Llc who had been investing in Republic Svcs Inc for a number of months, seems to be less bullish one the $21.84 billion market cap company. It closed at $66.61 lastly. It is up 6.18% since May 19, 2017 and is uptrending. It has underperformed by 5.37% the S&P500.

Among 16 analysts covering Entergy Corporation (NYSE:ETR), 6 have Buy rating, 1 Sell and 9 Hold. Therefore 38% are positive. Entergy Corporation had 66 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Neutral” rating by JP Morgan given on Thursday, April 26. On Friday, September 8 the stock rating was maintained by Morgan Stanley with “Underweight”. The firm has “Buy” rating by Mizuho given on Thursday, April 19. As per Thursday, August 10, the company rating was maintained by Morgan Stanley. On Tuesday, February 13 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. On Tuesday, January 2 the stock rating was maintained by Guggenheim with “Buy”. The firm earned “Outperform” rating on Thursday, March 16 by Wells Fargo. The firm earned “Neutral” rating on Monday, October 19 by Goldman Sachs. The firm has “Neutral” rating by Mizuho given on Wednesday, October 14. Wells Fargo maintained Entergy Corporation (NYSE:ETR) on Monday, February 26 with “Outperform” rating.

Since March 5, 2018, it had 0 insider buys, and 3 sales for $1.49 million activity. May Phillip R Jr also sold $631,400 worth of Entergy Corporation (NYSE:ETR) shares. 10,396 shares valued at $816,086 were sold by Mount Alyson M on Monday, March 5.

Northpointe Capital Llc, which manages about $1.18B and $892.52M US Long portfolio, decreased its stake in Axt Inc (NASDAQ:AXTI) by 581,117 shares to 167,102 shares, valued at $1.45M in 2017Q4, according to the filing. It also reduced its holding in Neogenomics Inc (NASDAQ:NEO) by 101,666 shares in the quarter, leaving it with 326,553 shares, and cut its stake in Carolina Finl Corp New (NASDAQ:CARO).

Investors sentiment increased to 1.14 in 2017 Q4. Its up 0.06, from 1.08 in 2017Q3. It increased, as 43 investors sold ETR shares while 153 reduced holdings. 62 funds opened positions while 162 raised stakes. 144.68 million shares or 0.92% less from 146.03 million shares in 2017Q3 were reported. Franklin reported 1.89M shares. Engineers Gate Manager LP accumulated 0.18% or 32,071 shares. Amer Grp Incorporated, New York-based fund reported 87,399 shares. Texas Yale Cap reported 0.03% of its portfolio in Entergy Corporation (NYSE:ETR). Moreover, Tctc Liability Corp has 0.01% invested in Entergy Corporation (NYSE:ETR) for 3,161 shares. Trustmark Savings Bank Trust Department invested in 0.46% or 51,671 shares. Sg Americas Ltd Company has invested 0.03% in Entergy Corporation (NYSE:ETR). Northwestern Mutual Wealth reported 7,971 shares. Moneta Group Inv Advsrs Ltd holds 0% or 166 shares in its portfolio. Cambridge Advisors Inc holds 0.05% of its portfolio in Entergy Corporation (NYSE:ETR) for 56,160 shares. Quantitative Mgmt owns 155,100 shares. Dynamic Advisors Solutions reported 23,822 shares or 0.64% of all its holdings. Qci Asset Management Inc Ny holds 12 shares or 0% of its portfolio. Quantbot Technologies Limited Partnership accumulated 0.17% or 22,774 shares. Farmers & Merchants Invs reported 211 shares.

More recent Entergy Corporation (NYSE:ETR) news were published by: Seekingalpha.com which released: “Entergy says subcontractor paid actors to support New Orleans power plant” on May 10, 2018. Also Seekingalpha.com published the news titled: “Entergy Corporation 2018 Q1 – Results – Earnings Call Slides” on April 25, 2018. Globenewswire.com‘s news article titled: “Analysis: Positioning to Benefit within Entergy, Schneider National, CH Robinson Worldwide, PTC Therapeutics, Guess …” with publication date: May 09, 2018 was also an interesting one.

Since January 4, 2018, it had 0 buys, and 7 insider sales for $1.92 million activity. GOEBEL BRIAN A had sold 1,220 shares worth $83,033 on Tuesday, January 23. 4,500 shares valued at $305,770 were sold by Collins Tomago on Thursday, March 8. On Tuesday, March 20 Vander Ark Jon sold $632,192 worth of Republic Services, Inc. (NYSE:RSG) or 9,236 shares.

Analysts await Republic Services, Inc. (NYSE:RSG) to report earnings on July, 26. They expect $0.78 earnings per share, up 27.87% or $0.17 from last year’s $0.61 per share. RSG’s profit will be $255.78M for 21.35 P/E if the $0.78 EPS becomes a reality. After $0.74 actual earnings per share reported by Republic Services, Inc. for the previous quarter, Wall Street now forecasts 5.41% EPS growth.

Three Peaks Capital Management Llc, which manages about $566.27M and $671.56M US Long portfolio, upped its stake in Welbilt Inc by 68,270 shares to 263,556 shares, valued at $6.20M in 2017Q4, according to the filing. It also increased its holding in Hd Supply Hldgs Inc (NASDAQ:HDS) by 41,412 shares in the quarter, for a total of 186,775 shares, and has risen its stake in First Data Corp New.

More recent Republic Services, Inc. (NYSE:RSG) news were published by: Seekingalpha.com which released: “Republic Services Retains Its Elevated Multiple” on May 09, 2018. Also Seekingalpha.com published the news titled: “Republic Services (RSG) Q1 2018 Results – Earnings Call Transcript” on May 03, 2018. Seekingalpha.com‘s news article titled: “Q1 In The Waste Sector: Price And Volume Trends With Color Commentary” with publication date: May 10, 2018 was also an interesting one.

Investors sentiment increased to 0.93 in 2017 Q4. Its up 0.09, from 0.84 in 2017Q3. It improved, as 38 investors sold RSG shares while 201 reduced holdings. 60 funds opened positions while 162 raised stakes. 195.12 million shares or 0.73% less from 196.55 million shares in 2017Q3 were reported. Florida-based Provise Mngmt Group Limited Com has invested 0.06% in Republic Services, Inc. (NYSE:RSG). Sasco Capital Ct holds 4.09% or 1.65 million shares. Appleton Ptnrs Incorporated Ma has invested 0.22% in Republic Services, Inc. (NYSE:RSG). 35 are owned by Howe & Rusling Inc. Sector Pension Invest Board holds 25,971 shares or 0.01% of its portfolio. Cognios Cap Lc has 0.89% invested in Republic Services, Inc. (NYSE:RSG) for 34,860 shares. Moreover, Patten Incorporated has 0.13% invested in Republic Services, Inc. (NYSE:RSG). Cutler Counsel Ltd Liability Co reported 4,695 shares. Deroy Devereaux Private Investment Counsel stated it has 46,173 shares or 0.33% of all its holdings. Kornitzer Capital Ks accumulated 461,331 shares. Moreover, Ubs Asset Management Americas has 0.07% invested in Republic Services, Inc. (NYSE:RSG) for 1.18 million shares. Staley Advisers Inc stated it has 0.03% in Republic Services, Inc. (NYSE:RSG). Jane Street Gp Ltd Liability holds 39,585 shares. Buckhead Mngmt has invested 0.24% in Republic Services, Inc. (NYSE:RSG). Pittenger Anderson holds 0.24% in Republic Services, Inc. (NYSE:RSG) or 40,000 shares.

Among 16 analysts covering Republic Services (NYSE:RSG), 8 have Buy rating, 0 Sell and 8 Hold. Therefore 50% are positive. Republic Services had 43 analyst reports since August 19, 2015 according to SRatingsIntel. Credit Suisse maintained the shares of RSG in report on Monday, November 6 with “Neutral” rating. Macquarie Research initiated Republic Services, Inc. (NYSE:RSG) rating on Friday, August 26. Macquarie Research has “Neutral” rating and $53 target. Raymond James downgraded the stock to “Outperform” rating in Wednesday, April 11 report. Stifel Nicolaus maintained Republic Services, Inc. (NYSE:RSG) rating on Tuesday, July 18. Stifel Nicolaus has “Buy” rating and $7300 target. The stock of Republic Services, Inc. (NYSE:RSG) earned “Buy” rating by Stifel Nicolaus on Thursday, January 4. The rating was maintained by Bank of America on Thursday, October 5 with “Buy”. The company was maintained on Friday, July 28 by Oppenheimer. The stock has “Hold” rating by Argus Research on Wednesday, May 18. Stifel Nicolaus maintained the shares of RSG in report on Thursday, September 7 with “Buy” rating. As per Monday, February 5, the company rating was maintained by Bank of America.

Entergy Corporation (NYSE:ETR) Institutional Positions Chart

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