Institutional Holding: State Street Owns 22.9M ETR Shares (5.3%)
Rhea-AI Filing Summary
State Street Corporation reports beneficial ownership of Entergy Corporation common stock totaling 22,922,998 shares, representing 5.3% of the class. The filing shows no sole voting or dispositive power; instead it discloses shared voting power of 15,093,979 shares and shared dispositive power of 22,921,581 shares.
The report identifies the reporting person as a holding company and lists multiple State Street subsidiaries that hold or manage the securities. The filer certifies the holdings were acquired and are held in the ordinary course of business and not to change or influence control of the issuer.
Positive
- Material institutional stake: Reporting of 22,922,998 shares (5.3%) signals significant institutional interest in Entergy.
- Transparent governance signal: The filing explicitly states holdings are held in the ordinary course of business and not intended to change control.
Negative
- No sole voting or dispositive control: The filer reports 0 sole voting power and 0 sole dispositive power, limiting direct influence on corporate decisions.
- Shared voting power: The presence of shared voting power (15,093,979) indicates influence is dispersed across State Street entities, not centralized.
Insights
TL;DR: State Street holds a material passive stake (5.3%) in Entergy, signaling notable institutional ownership without control intent.
State Street's 22.9 million-share position (5.3%) exceeds the 5% disclosure threshold, which is meaningful for investor ownership profiles and shareholder base analysis. The filing reports zero sole voting/dispositive power and substantial shared voting/dispositive authority, consistent with index/asset-manager-type holdings. Impact assessment: Not impactful to corporate control but material for ownership concentration and passive investor presence. No indications of activist intent; holdings are stated as held in the ordinary course of business.
TL;DR: A >5% passive stake by a major custodian/asset manager raises governance visibility but does not indicate control efforts.
The schedule classifies the filer as a holding company and lists several State Street investment and trust affiliates as relevant subsidiaries, which is typical for custody and advisory arrangements. Shared voting and dispositive powers suggest aggregated client or fund positions rather than direct, sole influence. Impact assessment: Not impactful regarding immediate governance changes, though it is a material disclosure that may affect shareholder composition analysis.