State Street Corp Amends Entergy Stake, Signals Continued Passive Holding
Ticker: ETR · Form: SC 13G/A · Filed: 2024-01-29T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**State Street still holds Entergy stock, a good sign for stability.**
AI Summary
State Street Corp, a major financial institution, filed an amended SC 13G/A on January 29, 2024, disclosing its ownership of Entergy Corp /DE/ common stock as of December 31, 2023. This filing indicates that State Street Corp continues to hold a significant, though passive, stake in Entergy, a utility company. For investors, this matters because large institutional holdings like State Street's can provide a degree of stability and confidence in the stock, as these firms typically conduct extensive due diligence.
Why It Matters
This filing confirms State Street Corp's ongoing significant, but passive, investment in Entergy, which can be a positive signal for other investors regarding the stock's stability.
Risk Assessment
Risk Level: low — This is a routine amendment by a large institutional investor, indicating no immediate significant risk or change in investment strategy.
Analyst Insight
Investors should view this as a routine update, confirming institutional interest in Entergy. It doesn't signal an immediate buy or sell, but rather a stable, long-term holding by a major financial player.
Key Players & Entities
- State Street Corp (company) — the reporting person filing the SC 13G/A
- Entergy Corp /DE/ (company) — the subject company whose common stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 29, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- State Street Corp will maintain a significant, passive stake in Entergy Corp /DE/ for the foreseeable future. (State Street Corp) — high confidence, target: 12/31/2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, indicating a change or update to a previously reported beneficial ownership of 5% or more of a company's stock.
Who is the 'Reporting Person' in this filing?
The 'Reporting Person' in this filing is State Street Corp, a financial institution with a Central Index Key (CIK) of 0000093751.
Which company's stock is the subject of this filing?
The subject company is ENTERGY CORP /DE/, identified by the CIK 0000065984, and the filing concerns its Common Stock.
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 stated in the filing.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13D-1 (B), as indicated by the 'X' in the appropriate box on the cover page.
From the Filing
EDGAR Filing Documents for 0000093751-24-000301 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. 0000093751-24-000301 Filing Date 2024-01-29 Accepted 2024-01-29 10:10:41 Documents 1 Document Format Files Seq Description Document Type Size 1 Entergy_Corp.txt SC 13G/A 6717 Complete submission text file 0000093751-24-000301.txt 8921 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.: 24570987 SIC : 4911 Electric Services (CF Office: 01 Energy & Transportation) Mailing Address 1 CONGRESS STREET SUITE 1 BOSTON MA 02114 Business Address 1 CONGRESS STREET SUITE 1 BOSTON MA 02114 617 786-3000 STATE STREET CORP (Filed by) CIK : 0000093751 (see all company filings) EIN. : 042456637 | State of Incorp.: MA | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6022 State Commercial Banks (CF Office: 02 Finance)