BlackRock Amends Essential Utilities Stake (SC 13G/A)
Ticker: WTRG · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 78128
| Field | Detail |
|---|---|
| Company | Essential Utilities, Inc. (WTRG) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, utilities
Related Tickers: WTRG
TL;DR
**BlackRock updated its passive stake in Essential Utilities.**
AI Summary
BlackRock Inc. filed an amended Schedule 13G/A on January 24, 2024, indicating a change in its ownership stake in Essential Utilities, Inc. as of December 31, 2023. This filing, Amendment No. 6, updates BlackRock's passive investment position in the utility company's common stock. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal shifts in sentiment or strategy regarding Essential Utilities, Inc. (NYSE: WTRG).
Why It Matters
This filing shows BlackRock's updated passive ownership in Essential Utilities, Inc., providing transparency on a significant institutional investor's position.
Risk Assessment
Risk Level: low — This is a routine disclosure of an institutional investor's passive stake and does not indicate any immediate risk to the company or its stock.
Analyst Insight
Investors should note BlackRock's continued passive interest in Essential Utilities, Inc., but this filing alone doesn't suggest a need for immediate action. It's a routine update on a large institutional holding.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Essential Utilities, Inc. (company) — the subject company in which BlackRock holds shares
- December 31, 2023 (date) — the date of the event requiring the filing
- January 24, 2024 (date) — the filing date of the SC 13G/A
- Amendment No: 6 (number) — the specific amendment number for this filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under the Securities Exchange Act of 1934.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., with a business address at 50 Hudson Yards, New York, NY 10001.
What company's securities are the subject of this filing?
The subject company is Essential Utilities, Inc., located at 762 W. Lancaster Ave, Bryn Mawr, PA 19010-3489.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023.
Under which rule is this Schedule 13G/A filed?
This Schedule 13G/A is filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, as indicated by the checked box [X].
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding Essential Utilities, Inc. (WTRG).