State Street Corp. Amends SJW Group Stake Filing
Ticker: HTO · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 766829
| Field | Detail |
|---|---|
| Company | Sjw Group (HTO) |
| Form Type | SC 13G/A |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**State Street Corp. updated its SJW Group stake, confirming continued passive ownership.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 25, 2024, indicating its ownership of SJW Group's common stock as of December 31, 2023. This filing is an update to their previous disclosures, confirming their continued passive investment in the water utility company. For investors, this means a significant institutional holder maintains its position, which can signal stability but doesn't suggest any immediate strategic changes or activist intent.
Why It Matters
This filing confirms State Street Corporation's ongoing passive ownership in SJW Group, providing transparency on institutional holdings but not signaling any new strategic moves.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate risks or significant changes for SJW Group.
Analyst Insight
A smart investor would view this as a routine update, confirming institutional interest but not signaling any new catalysts. It reinforces that SJW Group is held by major institutions, which can be a sign of stability, but further research into SJW Group's fundamentals and other market factors is warranted.
Key Numbers
- 784305104 — CUSIP Number (identifies SJW Group's common stock)
- 005-36500 — SEC File Number (identifies SJW Group's registration with the SEC)
- 04-2456637 — IRS Identification Number (identifies State Street Corporation)
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- SJW Group (company) — the subject company whose common stock is being reported
- 0000093751-24-000270 (dollar_amount) — accession number for the filing
- December 31, 2023 (date) — date of event requiring the filing
- January 25, 2024 (date) — date the filing was made
Forward-Looking Statements
- State Street Corporation will maintain a passive investment in SJW Group for the foreseeable future. (State Street Corporation) — high confidence, target: 12/31/2024
- SJW Group's stock price will not experience significant volatility directly due to this routine filing. (SJW Group) — high confidence, target: 03/31/2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, indicating a change or update to previously reported beneficial ownership of securities, filed under Rule 13d-1(b).
Who is the 'Reporting Person' in this filing?
The 'Reporting Person' is STATE STREET CORPORATION, identified with IRS Identification No. 04-2456637, located at 1 Congress Street, Boston, MA.
What is the 'Subject Company' or 'Issuer' of the securities?
The 'Subject Company' or 'Issuer' is SJW GROUP, with the CUSIP Number 784305104 for its Common Stock, and its business address is 110 W. Taylor Street, San Jose, CA.
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, as stated on the cover page of the filing.
Under which specific SEC rule was this Schedule 13G filed?
This Schedule 13G/A was filed under Rule 13d-1(b), as indicated by the 'X' next to '(X) RULE 13D-1 (B)' on the cover page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding SJW GROUP (HTO).