SCHEDULE 13G/A: Ameriprise Financial and Affiliates Disclose Significant Passive Stake in Energy Recovery, Inc.
Beneficial Ownership Report
Ameriprise Financial, Inc. and its UK-based Threadneedle affiliates have filed an amended Schedule 13G, disclosing their collective passive beneficial ownership in Energy Recovery, Inc. common stock.
Summary
- Ameriprise Financial, Inc. and its affiliated entities, including TAM UK International Holdings Limited and various Threadneedle companies, have filed an Amendment No. 1 to Schedule 13G.
- The filing discloses beneficial ownership of common stock in Energy Recovery, Inc. (CUSIP: 29270J100).
- Ameriprise Financial, Inc. reported aggregate beneficial ownership of 4,953,951 shares, representing 8.6% of the class.
- The Threadneedle entities, which are subsidiaries of Ameriprise, collectively reported beneficial ownership of 4,542,220 shares, representing 7.9% of the class.
- All reporting persons disclaim beneficial ownership of shares reported by other entities within the Ameriprise group.
- The shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Energy Recovery, Inc.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership, containing no positive or negative operational or financial news for the issuer, Energy Recovery, Inc.
Future Outlook
NA
Industry Context
This filing is a routine disclosure of significant passive ownership by a major financial institution and its asset management subsidiaries, common in the investment industry for publicly traded companies.
Stakeholder Impact
- Shareholders: Provides transparency regarding significant institutional ownership, confirming that a large portion of shares are held by a major financial group for investment purposes.
Key Dates
| Date | Description |
|---|---|
| 12/11/2019 | Limited Power of Attorney granted by Threadneedle Investment Services Limited to Columbia Management Investment Advisers, LLC. |
| 12/18/2019 | Limited Power of Attorney granted by Threadneedle Holdings Limited to Columbia Management Investment Advisers, LLC. |
| 12/18/2019 | Limited Power of Attorney granted by TAM UK Holdings Limited to Columbia Management Investment Advisers, LLC. |
| 12/18/2019 | Limited Power of Attorney granted by Threadneedle Asset Management Holdings Limited to Columbia Management Investment Advisers, LLC. |
| 12/18/2019 | Limited Power of Attorney granted by TC Financing Limited to Columbia Management Investment Advisers, LLC. |
| 12/18/2019 | Limited Power of Attorney granted by Threadneedle Asset Management Limited to Columbia Management Investment Advisers, LLC. |
| 12/09/2020 | Limited Power of Attorney granted by TAM UK International Holdings Limited to Columbia Management Investment Advisers, LLC. |
| 12/31/2024 | Date of event which requires filing of this statement (reporting period end date). |
| 02/14/2025 | Filing date of the Schedule 13G Amendment No. 1. |
Keywords
Energy Recovery Inc, Ameriprise Financial, Threadneedle, Schedule 13G, Beneficial Ownership, Common Stock, Investment Management, Passive Investment, SEC Filing
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