SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 0.2% Passive Stake in Energy Recovery Inc.
Beneficial Ownership Report
FMR LLC and its CEO, Abigail P. Johnson, have filed an amended Schedule 13G, reporting a passive beneficial ownership of 0.2% in Energy Recovery Inc.'s common stock as of December 31, 2024.
Summary
- FMR LLC and Abigail P. Johnson, its Chief Executive Officer, have filed an Amendment No. 2 to Schedule 13G regarding their beneficial ownership of common stock in Energy Recovery Inc.
- As of December 31, 2024, FMR LLC and Abigail P. Johnson collectively beneficially own 93,569.85 shares of Energy Recovery Inc. common stock.
- This aggregate amount represents 0.2% of the total outstanding common stock of Energy Recovery Inc.
- FMR LLC holds sole voting power over 92,822.00 shares and sole dispositive power over 93,569.85 shares.
- Abigail P. Johnson holds sole dispositive power over 93,569.85 shares, with no sole or shared voting power.
- The filing indicates that the securities 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.
- The filing was made pursuant to Rule 13d-1(b), indicating a passive investment by an institutional investor.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership, indicating a neutral sentiment as it does not contain positive or negative performance-related information about the issuer, nor does it suggest any strategic intent beyond passive investment.
Positives
- The disclosure confirms that a major institutional investment firm, FMR LLC, and its prominent CEO, Abigail P. Johnson, hold a stake in Energy Recovery Inc., indicating institutional interest.
Negatives
- The beneficial ownership represents a very small, passive stake of only 0.2% of the class, suggesting it is not a significant or influential position for the reporting persons.
Future Outlook
NA
Industry Context
This filing is a routine disclosure of beneficial ownership by an institutional investor and does not provide specific insights into broader industry trends or competitive dynamics for Energy Recovery Inc. It primarily reflects a passive investment position.
Stakeholder Impact
- Shareholders: Provides transparency regarding institutional ownership, confirming FMR LLC's passive stake in the company.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for FMR LLC and its direct and indirect subsidiaries, authorizing Stephanie J. Brown to sign on their behalf. |
| 2023-01-10 | Date of Schedule 13G filing by FMR LLC where the Power of Attorney (accession number: -23-000003) was incorporated by reference. |
| 2023-01-26 | Effective date of Power of Attorney for Abigail P. Johnson, authorizing Stephanie J. Brown to sign on her behalf. |
| 2023-01-31 | Date of Schedule 13G filing by FMR LLC where Abigail P. Johnson's Power of Attorney (accession number: -23-000038) was incorporated by reference. |
| 2024-12-31 | Date of event which requires filing of this statement (snapshot date for beneficial ownership). |
| 2025-02-11 | Date of filing of this Schedule 13G Amendment No. 2. |
Keywords
Energy Recovery Inc., FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Passive Investment, SEC Filing
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