BlackRock Amends Avista Corp. Stake Filing (SC 13G/A)
Ticker: AVA · Form: SC 13G/A · Filed: Jan 19, 2024 · CIK: 104918
| Field | Detail |
|---|---|
| Company | Avista Corp (AVA) |
| Form Type | SC 13G/A |
| Filed Date | Jan 19, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its Avista Corp. stake, signaling ongoing passive investment.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 19, 2024, indicating its ownership of Avista Corp. common stock as of December 31, 2023. This filing, an amendment number 3, updates previous disclosures about BlackRock's passive investment in Avista Corp. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal shifts in confidence or strategy regarding Avista Corp.'s stock.
Why It Matters
This filing shows BlackRock's continued, significant passive ownership in Avista Corp., which can influence market perception and stability for the stock.
Risk Assessment
Risk Level: low — This filing is a routine update from a large institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should note BlackRock's continued passive interest in Avista Corp. but recognize this filing is a routine update and doesn't signal an immediate buy or sell action.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Avista Corp. (company) — the subject company whose common stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 19, 2024 (date) — the filing date of the SC 13G/A amendment
Forward-Looking Statements
- BlackRock will maintain a significant, passive stake in Avista Corp. for the foreseeable future. (BlackRock Inc.) — 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, as indicated by 'FORM TYPE: SC 13G/A' and 'Amendment No: 3'.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., as stated under '(1)Names of reporting persons. BlackRock, Inc.' and in the 'FILED BY' section.
What is the subject company of this filing?
The subject company is AVISTA CORP, as indicated by '(Name of Issuer) AVISTA CORP' and in the 'SUBJECT COMPANY' section.
What is the CUSIP number for the securities reported?
The CUSIP number for the Common Stock of Avista Corp. is 05379B107, as listed under 'CUSIP No. 05379B107'.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified under '(Date of Event Which Requires Filing of this Statement) December 31, 2023'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 19, 2024 regarding AVISTA CORP (AVA).