SCHEDULE 13G/A: BlackRock Discloses 19.0% Stake in SJW Group Common Stock
Beneficial Ownership Disclosure
BlackRock, Inc. has filed an amended Schedule 13G, reporting a 19.0% beneficial ownership stake in SJW Group's common stock as of December 31, 2024.
Summary
- BlackRock, Inc. filed an Amendment No. 6 to Schedule 13G, reporting its beneficial ownership in SJW Group's Common Stock.
- As of December 31, 2024, BlackRock, Inc. beneficially owned an aggregate of 6,315,827 shares of SJW Group's common stock.
- This ownership represents 19.0% of the total outstanding class of securities.
- BlackRock holds sole voting power over 6,075,972 shares and sole dispositive power over 6,315,827 shares.
- The filing indicates that the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.
- One specific entity, iShares Core S & P Small-Cap ETF, is noted to have an interest exceeding five percent of SJW Group's total outstanding common stock.
- The filing was made by BlackRock, Inc. as a parent holding company or control person, with various subsidiaries and affiliates contributing to the aggregate beneficial ownership.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing disclosing beneficial ownership, with no inherent positive or negative sentiment regarding the issuer's performance or outlook. It simply states a factual ownership position.
Future Outlook
NA
Industry Context
This filing indicates a significant passive investment by BlackRock, a leading global asset manager, in SJW Group, a company likely operating within the utilities sector. Large institutional holdings like this are common for stable, often dividend-paying companies such as utilities, which are frequently included in broad market index funds and passive investment strategies due to their predictable cash flows and regulated nature.
Stakeholder Impact
- Shareholders of SJW Group are informed of BlackRock's significant, passive ownership stake, which can provide a degree of stability and institutional confidence.
- The filing confirms BlackRock's continued investment in SJW Group, potentially influencing investor perception of the stock's institutional backing.
Key Dates
| Date | Description |
|---|---|
| 2023-04-30 | Date of the previous Power of Attorney, which has been expressly revoked. |
| 2024-12-31 | Date of the event which requires the filing of this statement, representing the beneficial ownership snapshot date. |
| 2025-01-21 | Effective date of the new Power of Attorney for BlackRock, Inc. to execute and file regulatory documents. |
| 2025-02-05 | Date of filing and signature for the Schedule 13G Amendment No. 6. |
Keywords
BlackRock, SJW Group, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Investment Management, Water Utility, Utilities Sector
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.