BlackRock Updates Passive Stake in Algonquin Power & Utilities
Ticker: AQNB · Form: SC 13G/A · Filed: Feb 1, 2024 · CIK: 1174169
| Field | Detail |
|---|---|
| Company | Algonquin Power & Utilities CORP. (AQNB) |
| Form Type | SC 13G/A |
| Filed Date | Feb 1, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock just updated its passive stake in Algonquin Power & Utilities.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on February 1, 2024, indicating its ownership stake in Algonquin Power & Utilities Corp. as of December 31, 2023. This amendment (Amendment No. 2) updates BlackRock's passive investment position in the utility company's Common Stock. This matters to investors because BlackRock is a major institutional investor, and changes in its reported holdings can signal its confidence (or lack thereof) in the company's future prospects, potentially influencing other investors.
Why It Matters
This filing shows BlackRock's updated ownership in Algonquin Power & Utilities, providing transparency on a significant institutional investor's position.
Risk Assessment
Risk Level: low — This is a routine update from a passive institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should note that BlackRock's continued passive ownership in Algonquin Power & Utilities Corp. suggests a long-term, non-activist investment approach. While this filing doesn't reveal specific changes in share count, it confirms BlackRock's ongoing presence as a significant institutional holder as of December 31, 2023.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person filing the SC 13G/A
- ALGONQUIN POWER & UTILITIES CORP. (company) — the issuer of the securities
- December 31, 2023 (date) — the date of the event requiring the filing
- February 1, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, specifically Amendment No. 2, as stated in the filing.
Who is the 'reporting person' in this filing?
The reporting person, or the entity filing this statement, is BlackRock Inc., as identified in the 'FILED BY' section of the filing.
What company's securities are being reported on?
The securities being reported on belong to ALGONQUIN POWER & UTILITIES CORP., which is listed as the 'Name of Issuer' in the filing.
What is the 'Title of Class of Securities' mentioned in the filing?
The 'Title of Class of Securities' is Common Stock, as explicitly stated in the 'SCHEDULE 13G' section.
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 indicated in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 1, 2024 regarding ALGONQUIN POWER & UTILITIES CORP. (AQNB).