First Trust Portfolios L.P., First Trust Advisors L.P., and The Charger Corporation jointly filed a Schedule 13G with the SEC on October 27, 2026, disclosing beneficial ownership of 1,937,288 shares of Powell Industries, Inc. common stock as of September 30, 2026.

Key Highlights

  • Aggregate beneficial ownership: The three reporting persons collectively report beneficial ownership of 1,937,288 shares of Powell Industries common stock, representing 5.32% of the class.
  • No sole voting or dispositive power: Each reporting person reports 0 shares with sole voting power and 0 shares with sole dispositive power.
  • Shared dispositive power: All three entities report shared dispositive power over 1,937,288 shares; shared voting power for First Trust Advisors L.P. and The Charger Corporation is reported as 1,780,435 shares.
  • Unit investment trust structure: First Trust Portfolios L.P. acts as sponsor of certain unit investment trusts that hold shares, with 156,853 shares attributed to it as shared dispositive power in its individual schedule.
  • Beneficial ownership disclaimed: According to the filing, "Each of First Trust Portfolios L.P., First Trust Advisors L.P. and The Charger Corporation disclaims beneficial ownership of the shares of the issuer identified in this filing."
  • Triggering event date: The event requiring the filing occurred on September 30, 2026.
  • Organizational relationship: The Charger Corporation is identified as the General Partner of both First Trust Portfolios L.P. and First Trust Advisors L.P.

Powell Industries Ownership Details in the First Trust Schedule 13G Filing

The joint Schedule 13G was filed on October 27, 2026 by three Illinois-organized entities: First Trust Portfolios L.P. (classified as a broker-dealer), First Trust Advisors L.P. (classified as an investment adviser), and The Charger Corporation (classified as a parent holding company). All three entities share a principal business address of 120 East Liberty Drive, Suite 400, Wheaton, Illinois 60187, according to the filing. Powell Industries, Inc. is listed with its principal executive offices at 8550 Mosley Drive, Houston, TX 77075. The filing covers Powell Industries common stock with CUSIP number 739128106.

According to the filing, First Trust Portfolios L.P. serves as sponsor of certain unit investment trusts holding shares of Powell Industries, while First Trust Advisors L.P. acts as portfolio supervisor of those same unit investment trusts. The filing states that neither First Trust Portfolios L.P., First Trust Advisors L.P., nor The Charger Corporation "have the power to vote the shares of the issuer held by these unit investment trusts," noting that voting is performed by the trustee of such trusts, ordinarily in the same general proportion as shares held by owners outside the trusts.

The filing further explains that the difference between the aggregate beneficially owned shares and the shares held in unit investment trusts "represents shares of the issuer which are either held in other registered investment companies, pooled investment vehicles and/or separately managed accounts for which First Trust Advisors L.P. serves as investment advisor and/or investment sub-advisor." The filing was signed by James M. Dykas, Chief Financial Officer of all three entities, on October 27, 2026. A Joint Filing Agreement is referenced as Exhibit 99.1.

What Was Disclosed

Three affiliated Illinois entities jointly reported aggregate beneficial ownership of 1,937,288 shares of Powell Industries, Inc. common stock, equal to 5.32% of the class, as of September 30, 2026, while each disclaiming beneficial ownership of those shares.