BlackRock Amends Entergy Stake, Maintains Passive Position
Ticker: ETR · Form: SC 13G/A · Filed: 2024-01-25T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing, utility-sector
TL;DR
**BlackRock still owns a big chunk of Entergy, signaling long-term confidence.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 25, 2024, indicating its ownership of Entergy Corp /DE/ (ETR) common stock as of December 31, 2023. This filing, Amendment No. 14, updates their previous disclosures, confirming their continued significant, though passive, stake in the utility company. This matters to investors because BlackRock is one of the world's largest asset managers, and their substantial, long-term holding signals a degree of confidence in Entergy's stability and future prospects, potentially influencing other institutional investors.
Why It Matters
BlackRock's continued significant ownership in Entergy Corp signals institutional confidence, which can reassure current shareholders and attract new investors to the stock.
Risk Assessment
Risk Level: low — This filing is a routine update from a large institutional investor, indicating no immediate or significant change in investment strategy that would pose a risk.
Analyst Insight
Investors should view this as a routine update from a major institutional holder, reinforcing the long-term, stable nature of Entergy as an investment, but it doesn't signal any immediate catalysts or changes in company direction.
Key Numbers
- 14 — Amendment Number (Indicates this is the fourteenth amendment to BlackRock's Schedule 13G filing for Entergy Corp.)
- 29364G103 — CUSIP Number (Unique identifier for Entergy Corp's Common Stock, confirming the specific security.)
Key Players & Entities
- BlackRock Inc. (company) — the entity filing the SC 13G/A, reporting its ownership
- ENTERGY CORP /DE/ (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event which required this filing
- January 25, 2024 (date) — the date the SC 13G/A was filed
- Amendment No: 14 (number) — the specific amendment number of this filing
Forward-Looking Statements
- BlackRock will maintain a significant, passive stake in Entergy Corp for the foreseeable future. (BlackRock Inc.) — high confidence, target: December 31, 2024
- Entergy Corp's stock will continue to be viewed as a stable, utility-sector investment by large institutional investors. (ENTERGY CORP /DE/) — medium confidence, target: December 31, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing under the Securities Exchange Act of 1934, as stated in the filing's header and body.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., as explicitly stated in the 'FILED BY' section of the filing.
What is the subject company of this filing?
The subject company is ENTERGY CORP /DE/, as identified in the 'SUBJECT COMPANY' section and the 'Name of Issuer' field on the Schedule 13G form.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as specified on the Schedule 13G form.
Under which rule is this Schedule 13G/A filed?
This Schedule 13G/A is filed under Rule 13d-1(b), as indicated by the 'X' in the appropriate box on the form.
From the Filing
EDGAR Filing Documents for 0001086364-24-003740 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-003740 Filing Date 2024-01-25 Accepted 2024-01-25 16:59:26 Documents 1 Document Format Files Seq Description Document Type Size 1 us29364g1031_012524.txt SC 13G/A 12069 Complete submission text file 0001086364-24-003740.txt 14142 Mailing Address PO BOX 61000 NEW ORLEANS LA 70161 Business Address 639 LOYOLA AVE NEW ORLEANS LA 70113 504-576-4000 ENTERGY CORP /DE/ (Subject) CIK : 0000065984 (see all company filings) EIN. : 721229752 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-38231 | Film No.: 24562956 SIC : 4911 Electric Services (CF Office: 01 Energy & Transportation) Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance)