BlackRock Amends SJW Group Stake, Maintains Passive Position
Ticker: HTO · Form: SC 13G/A · Filed: Jan 19, 2024 · CIK: 766829
| Field | Detail |
|---|---|
| Company | Sjw Group (HTO) |
| Form Type | SC 13G/A |
| Filed Date | Jan 19, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock updated its SJW Group holdings, still a big, passive investor.**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on January 19, 2024, indicating its ownership of SJW Group's common stock as of December 31, 2023. This amendment (Amendment No. 5) updates their previous disclosures, showing their continued significant, but passive, stake in the water utility company. This matters to investors because BlackRock is a major institutional investor, and their holdings can signal confidence or a shift in sentiment, even if their stake is passive.
Why It Matters
This filing confirms BlackRock's ongoing substantial, yet passive, investment in SJW Group, which can influence market perception and stability for current and potential shareholders.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate risk or significant change in company control.
Analyst Insight
Investors should note BlackRock's continued passive stake in SJW Group, which suggests stability from a major institutional holder, but this filing alone doesn't signal a buy or sell opportunity.
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- SJW GROUP (company) — the subject company whose common 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
- 784305104 (number) — the CUSIP number for SJW Group'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 under the Securities Exchange Act of 1934, specifically Amendment No. 5.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., a major institutional investment manager.
What is the subject company whose securities are being reported?
The subject company is SJW GROUP, identified by the CUSIP Number 784305104 for its Common Stock.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023.
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed under Rule 13d-1(b), as indicated by the 'X' in the appropriate box.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 19, 2024 regarding SJW GROUP (HTO).