BlackRock Amends American States Water Co. Stake Filing
Ticker: AWR · Form: SC 13G/A · Filed: Jan 19, 2024 · CIK: 1056903
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock still owns a big chunk of American States Water, signaling institutional confidence.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 19, 2024, indicating its ownership of American States Water Company's Common Stock as of December 31, 2023. This amendment (Amendment No: 2) updates their previous filing, showing BlackRock continues to be a significant institutional holder. This matters to investors because large institutional ownership by firms like BlackRock can signal confidence in the company's long-term prospects and stability, potentially influencing other investors.
Why It Matters
This filing confirms BlackRock's continued significant institutional ownership in American States Water Company, which can be seen as a vote of confidence from a major asset manager.
Risk Assessment
Risk Level: low — This filing is a routine update from a major institutional investor and does not indicate any immediate financial risk or significant change in company fundamentals.
Analyst Insight
Investors should note BlackRock's continued presence as a significant shareholder, which might reinforce confidence in American States Water Company's stability, but this filing alone doesn't suggest immediate buying or selling action.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- AMERICAN STATES WATER COMPANY (company) — the subject company whose 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
- 029899101 (other) — the CUSIP number for American States Water Company's Common Stock
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 is BlackRock, Inc., as clearly identified under 'Names of reporting persons' in the filing.
What is the subject company whose securities are being reported?
The subject company is AMERICAN STATES WATER COMPANY, as stated under 'Name of Issuer' in the filing.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of AMERICAN STATES WATER COMPANY is 029899101, as listed in the filing.
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, according to the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 19, 2024 regarding AMERICAN STATES WATER CO (AWR).