State Street Corp. Holds 14.0% Stake in American States Water Co.
Ticker: AWR · Form: SC 13G/A · Filed: Jan 29, 2024 · CIK: 1056903
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amended-filing, passive-investment
TL;DR
**State Street still owns a big chunk of American States Water, showing continued institutional interest.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 29, 2024, indicating its ownership in American States Water Co. As of December 31, 2023, State Street Corporation beneficially owned 5,422,176 shares of American States Water Co.'s common stock, representing 14.0% of the company. This filing is important for investors as it shows a significant institutional holder's continued, albeit slightly adjusted, stake in the utility company, suggesting ongoing confidence or strategic positioning.
Why It Matters
This filing confirms State Street Corporation's substantial, passive ownership in American States Water Co., providing transparency on a major institutional investor's position. It signals that a large, sophisticated investor continues to see value in the company.
Risk Assessment
Risk Level: low — This filing is an update on a passive investment by a large institution and does not indicate any immediate risk or significant change in company operations.
Analyst Insight
Investors should note State Street's continued significant, passive stake in American States Water Co. This suggests stability in institutional ownership, but the filing itself doesn't indicate any immediate catalysts for price movement. It's a data point for long-term holders or those considering the stock.
Key Numbers
- 5,422,176 — Shares Beneficially Owned (Represents the total common stock shares of American States Water Co. held by State Street Corporation as of December 31, 2023.)
- 14.0% — Ownership Percentage (Indicates the significant stake State Street Corporation holds in American States Water Co., making them a major institutional shareholder.)
Key Players & Entities
- State Street Corporation (company) — the reporting person and beneficial owner
- American States Water Co. (company) — the issuer of the securities
- 5,422,176 (dollar_amount) — number of shares beneficially owned by State Street Corporation
- 14.0% (dollar_amount) — percentage of American States Water Co. common stock owned by State Street Corporation
- December 31, 2023 (date) — date of the event requiring the filing
FAQ
Who filed this SC 13G/A amendment?
State Street Corporation filed this SC 13G/A amendment, as indicated by the 'NAME OF REPORTING PERSON: STATE STREET CORPORATION' on page 2 of 5.
What company's stock is the subject of this filing?
The subject company is AMERICAN STATES WATER CO, as stated under 'NAME OF ISSUER' on page 1 of 5.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified on page 1 of 5 under 'DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT'.
What percentage of American States Water Co.'s common stock does State Street Corporation beneficially own?
State Street Corporation beneficially owns 14.0% of American States Water Co.'s common stock, as detailed in the filing's summary information.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the common stock of American States Water Co. is 029899101, as listed on page 1 and 2 of 5.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 29, 2024 regarding AMERICAN STATES WATER CO (AWR).