State Street Corp Amends NJR Stake, Files SC 13G/A
Ticker: NJR · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 356309
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**State Street just updated its stake in New Jersey Resources, showing continued institutional holding.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 24, 2024, indicating its ownership of common stock in New Jersey Resources Corp. As of December 31, 2023, State Street Corporation holds a significant stake, triggering the need for this public disclosure under Rule 13d-1(b). This matters to investors because it shows a large institutional investor maintains a position in New Jersey Resources Corp, potentially signaling confidence in the company's long-term prospects.
Why It Matters
This filing confirms State Street Corporation's continued significant ownership in New Jersey Resources Corp, which can influence investor perception and stock stability.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of institutional ownership and does not indicate any immediate negative or positive risk to the company.
Analyst Insight
A smart investor would note the continued institutional ownership by State Street Corporation as a sign of stability, but would also look for further details on the exact percentage of ownership and any changes from previous filings to gauge the institution's evolving conviction.
Key Numbers
- 0000093751-24-000175 — Accession Number (Unique identifier for this specific SEC filing.)
- 646025106 — CUSIP Number (Identifies the common stock of New Jersey Resources Corp.)
- 005-38394 — SEC File Number (The SEC file number for New Jersey Resources Corp.)
Key Players & Entities
- State Street Corporation (company) — the reporting person filing the SC 13G/A
- New Jersey Resources Corp (company) — the issuer of the common stock
- December 31, 2023 (date) — the date of the event requiring the filing
- January 24, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- State Street Corporation will maintain a significant, passive stake in New Jersey Resources Corp for the foreseeable future. (State Street Corporation) — medium confidence, target: 12/31/2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'AMENDED FILING' sections.
Who is the reporting person in this filing?
The reporting person is STATE STREET CORPORATION, as clearly indicated under '1. NAME OF REPORTING PERSON: STATE STREET CORPORATION'.
What is the CUSIP number for the securities discussed in this filing?
The CUSIP number for the common stock of New Jersey Resources Corp is 646025106, as listed under 'CUSIP NUMBER' and 'CUSIP NO:646025106'.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified under 'DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT'.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), indicated by the 'X' next to 'RULE 13D-1 (B)'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding NEW JERSEY RESOURCES CORP (NJR).