State Street Amends Avista Corp. Stake Filing
Ticker: AVA · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 104918
| Field | Detail |
|---|---|
| Company | Avista Corp (AVA) |
| Form Type | SC 13G/A |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, utility-sector
TL;DR
**State Street just updated its Avista Corp. ownership, keep an eye on their stake!**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 25, 2024, indicating its ownership of Avista Corp. common stock as of December 31, 2023. This filing is an amendment to a previous disclosure, signaling a potential change in their beneficial ownership percentage or voting power. For investors, this matters because State Street is a significant institutional holder, and changes in their position can sometimes reflect broader institutional sentiment or investment strategy towards Avista Corp.
Why It Matters
Large institutional ownership changes can influence stock price and signal confidence (or lack thereof) in a company's future prospects.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of institutional ownership and does not inherently indicate a high-risk event for the company.
Analyst Insight
Investors should monitor subsequent filings from State Street Corporation regarding Avista Corp. to see if their beneficial ownership percentage has significantly changed, which could signal a shift in their investment thesis.
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- Avista Corp. (company) — the subject company whose securities are being reported
- 05379B107 (other) — CUSIP number for Avista Corp. common stock
- December 31, 2023 (date) — the date of the event requiring the filing
- January 25, 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 under the Securities Exchange Act of 1934, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 AMENDED FILING' sections.
Who is the reporting person in this filing?
The reporting person is STATE STREET CORPORATION, as explicitly stated under '1. NAME OF REPORTING PERSON: STATE STREET CORPORATION'.
What is the subject company whose securities are being reported?
The subject company is AVISTA CORP, identified as the 'NAME OF ISSUER' and 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AVISTA CORP'.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the common stock of Avista Corp. is 05379B107, as listed under 'CUSIP NUMBER: 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 indicated by '12/31/2023 (DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT)'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding AVISTA CORP (AVA).