BlackRock Amends American Water Works Stake (SC 13G/A)
Ticker: AWK · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 1410636
| Field | Detail |
|---|---|
| Company | American Water Works Company, INC. (AWK) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock just updated its stake in American Water Works, confirming its continued large holding.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 24, 2024, indicating its ownership of American Water Works Company, Inc. common stock as of December 31, 2023. This filing, Amendment No. 14, updates their previous disclosures, confirming BlackRock's continued significant institutional stake in the water utility company. This matters to investors because BlackRock's substantial holding signals confidence from a major institutional investor, which can influence market perception and stability for American Water Works Company, Inc. stock.
Why It Matters
This filing shows BlackRock, a major institutional investor, continues to hold a significant position in American Water Works, which can be seen as a vote of confidence in the company's stability and future prospects.
Risk Assessment
Risk Level: low — This filing is a routine update from a major institutional investor and does not indicate any immediate significant risk to the company or its stock.
Analyst Insight
Investors should note BlackRock's continued presence as a significant shareholder, which may contribute to the perceived stability of American Water Works Company, Inc. stock, but this filing alone doesn't suggest an immediate buy or sell action.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- American Water Works Company, Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event which requires the filing
- January 24, 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, as indicated by 'FORM TYPE: SC 13G/A' and '(Amendment No: 14)' in the filing.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., as stated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' in the filing.
What is the subject company whose securities are being reported?
The subject company is American Water Works Company, Inc., as indicated by 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: American Water Works Company, Inc.' and 'AMERICAN WATER WORKS COMPANY INC (Name of Issuer)'.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as stated under 'Date of Event Which Requires Filing of this Statement: December 31, 2023'.
What is the CUSIP number for the securities reported?
The CUSIP number for the Common Stock of American Water Works Company, Inc. is 030420103, as listed under 'CUSIP No. 030420103'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding American Water Works Company, Inc. (AWK).