State Street Amends American Water Works Stake Disclosure
Ticker: AWK · Form: SC 13G/A · Filed: Jan 30, 2024 · CIK: 1410636
| Field | Detail |
|---|---|
| Company | American Water Works Company, INC. (AWK) |
| Form Type | SC 13G/A |
| Filed Date | Jan 30, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**State Street still holds American Water Works stock, signaling institutional confidence.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 30, 2024, disclosing its ownership of American Water Works Company, Inc. common stock as of December 31, 2023. This filing indicates State Street's passive investment in the water utility company, updating its previous disclosure. This matters to investors as it shows continued institutional confidence in American Water Works, potentially signaling stability for the stock.
Why It Matters
This filing confirms State Street Corporation's ongoing significant, yet passive, investment in American Water Works, which can be a positive signal for current and prospective shareholders regarding institutional backing.
Risk Assessment
Risk Level: low — This filing is an amendment to a passive ownership disclosure, indicating no immediate change in control or strategy that would introduce significant risk.
Analyst Insight
Investors should note State Street's continued passive ownership as a sign of institutional confidence in American Water Works, but this filing alone doesn't suggest any immediate catalysts for price movement.
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- American Water Works Company, Inc. (company) — the subject company whose stock is being reported
- 030420103 (other) — CUSIP number for American Water Works common stock
- December 31, 2023 (date) — the date of the event requiring the filing
- January 30, 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, indicating a passive ownership stake in a company, filed under Rule 13D-1(b).
Who is the reporting person in this filing?
The reporting person is State Street Corporation, with an IRS Identification No. of 04-2456637, located at 1 Congress Street, Boston, MA.
What is the subject company of this filing?
The subject company is American Water Works Company, Inc., with a CIK of 0001410636, located at 1 Water Street, Camden, NJ.
What is the CUSIP number for the securities reported?
The CUSIP number for the common stock of American Water Works Company, Inc. is 030420103.
What is the 'Date of Event Which Requires Filing of This Statement'?
The 'Date of Event Which Requires Filing of This Statement' is December 31, 2023, as stated on the cover page of the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 30, 2024 regarding American Water Works Company, Inc. (AWK).