Baird & Co. Amends 13G/A on CT Light & Power Preferred Stock

TL;DR

**Baird & Co. updated their stake in CT Light & Power preferred shares, showing continued ownership.**

AI Summary

Robert W. Baird & Co. Incorporated filed an amended Schedule 13G/A on February 12, 2024, indicating their beneficial ownership of The Connecticut Light and Power Company's 3.90% Series of 1949 Preferred Stock as of December 31, 2023. This filing updates previous disclosures, confirming Baird's continued position as a significant holder of this specific preferred stock. For investors, this matters because it shows a large financial institution maintains an interest in the company's preferred shares, which can signal stability or a long-term view on the issuer's financial health.

Why It Matters

This filing confirms Robert W. Baird & Co. Incorporated's ongoing beneficial ownership in Connecticut Light & Power's preferred stock, providing transparency into institutional holdings.

Risk Assessment

Risk Level: low — This is a routine amendment to a beneficial ownership filing, indicating no immediate new risks or significant changes.

Analyst Insight

Investors should note that a major financial institution like Robert W. Baird & Co. continues to hold preferred shares, which can be a sign of stability, but this filing itself doesn't indicate any new buying or selling activity, so no immediate action is warranted based solely on this amendment.

Key Numbers

• 207597832 — CUSIP Number (identifies the 3.90% Series of 1949 Preferred Stock of The Connecticut Light and Power Company)
• 39-6037917 — IRS Identification Number (identifies Robert W. Baird & Co. Incorporated)

Key Players & Entities

• Robert W. Baird & Co. Incorporated (company) — the reporting person filing the SC 13G/A
• The Connecticut Light and Power Company (company) — the issuer of the securities
• 3.90% Series of 1949 Preferred Stock (company) — the specific class of securities beneficially owned
• December 31, 2023 (date) — the date of the event requiring the filing
• February 12, 2024 (date) — the filing date of the SC 13G/A

Forward-Looking Statements

• Robert W. Baird & Co. Incorporated will likely maintain its beneficial ownership in The Connecticut Light and Power Company's preferred stock for the foreseeable future. (Robert W. Baird & Co. Incorporated) — medium confidence, target: December 31, 2024

FAQ

Filing Documents

• rwbci_tclapc-sc13ga.htm (SC 13G/A) — 69KB
• 0000898531-24-000064.txt ( ) — 71KB

From the Filing

SC 13G/A 1 rwbci_tclapc-sc13ga.htm AMENDED SCHEDULE FILED TO REPORT ACQUISITION OF BENEFICIAL OWNERSHIP 12-31-23 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 SCHEDULE 13G/A Under the Securities Exchange Act of 1934 (Amendment No. 6)* The Connecticut Light and Power Company (Name of Issuer) 3.90% Series of 1949 Preferred Stock (Title of Class of Securities) 207597832 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosure provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Page 1 of 6 SCHEDULE 13G/A The Connecticut Light and Power Company CUSIP No. 207597832 CUSIP No. 207597832 1. Names of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) Robert W. Baird & Co. Incorporated 39-6037917 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [ ] 3. SEC Use Only 4. Citizenship or Place of Organization Wisconsin Number of Shares Beneficially Owned by Each Reporting Person With: 5. Sole Voting Power 5,397 6. Shared Voting Power 0 7. Sole Dispositive Power 0 8. Shared Dispositive Power 5,397 9. Aggregate Amount Beneficially Owned by Each Reporting Person 5,397 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] 11. Percent of Class Represented by Amount in Row (9) 3.4% 12. Type of Reporting Person (See Instructions) IA Page 2 of 6 SCHEDULE 13G/A The Connecticut Light and Power Company CUSIP No. 207597832 Item 1. (a) Name of Issuer: The Connecticut Light and Power Company (b) Address of Issuer's Principal Executive Offices: 107 Selden Street Berlin, Connecticut 06037-1616 Item 2. (a) Name of Person Filing: Robert W. Baird & Co. Incorporated (b) Address of Principal Business Office or, if none, Residence: 777 East Wisconsin Avenue Milwaukee, Wisconsin 53202 (c) Citizenship: Wisconsin corporation (d) Title of Class of Securities: 3.90% Series of 1949 Preferred Stock (e) CUSIP Number: 207597832 Page 3 of 6 SCHEDULE 13G/A The Connecticut Light and Power Company CUSIP No. 207597832 Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment company registered under section 8 of the Investment Company Act (15 U.S.C. 80a-8). (e) [X] An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E). (f) [ ] An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F). (g) [ ] A parent holding company or control plan, in accordance with 240.13d-1(b)(1)(ii)(G). (Note: See Item 7). (h) [ ] A savings association as defined in section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813). (i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3). (j) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(J). Item 4. (a) Amount Beneficially Owned: 5,397. All 5,397 Shares of 3.90% Series of 1949 Preferred Stock ("Shares") are ultimately owned by certain individual and institutional clients for which Robert W. Baird & Co. Incorporated ("Baird") serves as investment advisor. Baird may be deemed to beneficially own such Shares within the meaning of Rule 13d-3 of the Securities Exchange Act of 1934, as amended (the "Act"), by virtue of the investment discretion and voting authority granted to Baird by such clients over such Shares. The investment discretion and voting authority granted to Baird may be revoked at any time. (b) Percent of Class: 3.4%. The percentage was calculated based upon 160,000 Shares of 3.90% Series of 1949 Preferred Stock outstanding at December 31, 2022 as reported by the Issuer in its Annual Report on Form 10-K for the year ended December 31, 2022. Page 4 of 6 SCHEDULE 13G/A The Connecticut Light and Power Company CUSIP No. 207597832 (c) Number of shares as to which such person has: (i)

View Full Filing

View this SC 13G/A filing on SEC EDGAR