Vanguard Trims Helix Energy Stake to 6.8%

TL;DR

**Vanguard cut its stake in Helix Energy to 6.8%, a slight reduction in their holdings.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, indicating a change in its ownership of Helix Energy Solutions Group Inc. As of December 29, 2023, Vanguard now beneficially owns 10,790,627 shares of Helix Energy's Common Stock, representing 6.8% of the company. This is a decrease from their previous reported stake, signaling a slight reduction in their investment in the oil and gas field services company.

Why It Matters

This filing shows that a major institutional investor, Vanguard, has slightly reduced its position in Helix Energy Solutions, which could be interpreted by some as a minor loss of confidence or a portfolio rebalancing.

Risk Assessment

Risk Level: low — A minor adjustment by a large institutional investor like Vanguard typically doesn't signal significant risk unless accompanied by other negative news.

Analyst Insight

Investors should note Vanguard's slight reduction but understand that such changes by large index funds are often due to rebalancing or minor adjustments rather than a strong directional bet on the company's future.

Key Numbers

• 10,790,627 — Shares Beneficially Owned (The total number of Helix Energy Solutions Group Inc. common shares Vanguard now owns.)
• 6.8% — Percentage of Class (The percentage of Helix Energy Solutions Group Inc. common stock that Vanguard beneficially owns.)
• December 29, 2023 — Event Date (The specific date that triggered the requirement for this filing.)

Key Players & Entities

• The Vanguard Group (company) — the reporting person and institutional investor
• Helix Energy Solutions Group Inc (company) — the subject company whose shares are being reported
• 10,790,627 shares (dollar_amount) — the total number of shares beneficially owned by Vanguard
• 6.8% (dollar_amount) — the percentage of Helix Energy's common stock owned by Vanguard
• December 29, 2023 (date) — the date of the event requiring the filing
• February 13, 2024 (date) — the filing date of the SC 13G/A amendment

Forward-Looking Statements

• Vanguard will continue to hold a significant, but potentially fluctuating, stake in Helix Energy Solutions Group Inc. as part of its broad index-tracking strategies. (The Vanguard Group) — high confidence, target: December 31, 2024

FAQ

Filing Documents

• tv01104-helixenergysolutions.htm (SC 13G/A) — 11KB
• 0001104659-24-021106.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Helix Energy Solutions Group Inc

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 3505 West Sam Houston Parkway North, Suite 400 Houston, TX 77043

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 42330P107

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR