Raymond James (NASDAQ: WATT) reports 122,068 shares, 5.6% stake
Rhea-AI Filing Summary
Energous Corp ownership disclosure: Raymond James Financial Services Advisors reports beneficial ownership of 122,068 shares of Energous Corp common stock, representing 5.6% of the class as reported. The filer states sole dispositive power for 122,068 shares and no voting power. The filing is signed by an operations manager.
Positive
- None.
Negative
- None.
Insights
Passive holder reports a 5.6% stake with dispositive control but no voting power.
Raymond James Financial Services Advisors reports beneficial ownership of 122,068 shares (5.6%) and indicates sole dispositive power while reporting zero sole or shared voting power. This pattern is consistent with an investment adviser holding shares on behalf of clients where voting authority may be retained by clients or delegated elsewhere.
Impact is routine: this filing notifies markets of a mid‑single‑digit stake. Subsequent filings could clarify voting arrangements or changes in percentage; timing and cash‑flow treatment are not specified in the excerpt.