BlackRock Updates NJ Resources Stake as of Dec 31, 2023
Ticker: NJR · Form: SC 13G/A · Filed: Jan 19, 2024 · CIK: 356309
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock just updated its passive stake in New Jersey Resources Corp. as of year-end 2023.**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on January 19, 2024, indicating its ownership of Common Stock in New Jersey Resources Corp. as of December 31, 2023. This filing, Amendment No. 3, updates previous disclosures regarding BlackRock's passive investment in the natural gas distribution company. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal shifts in its investment strategy or outlook on New Jersey Resources Corp.'s future performance.
Why It Matters
This filing shows BlackRock's continued significant, albeit passive, investment in New Jersey Resources Corp., which can influence market perception and stability for the stock.
Risk Assessment
Risk Level: low — This is a routine update from a passive institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should note BlackRock's continued passive interest in New Jersey Resources Corp. but recognize this filing is a routine update and doesn't signal an immediate buy or sell action. It's a data point for long-term holders.
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- New Jersey Resources Corp. (company) — the subject company whose securities are 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
- Amendment No: 3 (number) — the amendment number of the filing
Forward-Looking Statements
- BlackRock will maintain a significant, passive stake in New Jersey Resources Corp. throughout 2024. (BlackRock, Inc.) — medium confidence, target: December 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, specifically Amendment No. 3, as stated in the filing.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., a security brokers, dealers & flotation company based in New York, NY, as detailed in the 'FILED BY' section.
What is the subject company whose securities are being reported?
The subject company is New Jersey Resources Corp., a natural gas distribution company located in Wall, NJ, as identified in the 'SUBJECT COMPANY' section.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of New Jersey Resources Corp. is 646025106, as listed on the cover page of the Schedule 13G.
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, as specified on the cover page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 19, 2024 regarding NEW JERSEY RESOURCES CORP (NJR).