State Street Corp Updates UGI Corp Stake as of Dec 31, 2023
Ticker: UGI · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 884614
| Field | Detail |
|---|---|
| Company | Ugi CORP /Pa/ (UGI) |
| Form Type | SC 13G/A |
| Filed Date | Jan 22, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**State Street just updated its UGI Corp holdings, signaling a potential shift in institutional interest.**
AI Summary
State Street Corporation, a major financial institution, filed an amended Schedule 13G/A on January 22, 2024, indicating its ownership of UGI Corp /PA/ common stock as of December 31, 2023. This filing updates their previous disclosure, signaling a potential change in their passive investment stake in UGI Corp. For investors, this matters because large institutional holdings can influence stock stability and market perception, and any significant change could signal a shift in institutional confidence in UGI Corp's future performance.
Why It Matters
This filing shows State Street Corporation's updated passive investment in UGI Corp, which can influence market sentiment and potentially impact UGI Corp's stock price.
Risk Assessment
Risk Level: low — This is a routine update from a passive institutional investor and does not inherently signal high risk for UGI Corp.
Analyst Insight
An investor should monitor subsequent filings from State Street Corporation or other major institutions to identify any significant changes in their UGI Corp holdings, as this could indicate a trend in institutional confidence.
Key Numbers
- 20240122 — Filing Date (The date the SC 13G/A was filed with the SEC.)
- 12/31/2023 — Date of Event (The date as of which the ownership information is reported.)
- 005-42931 — SEC File Number (The SEC file number for UGI Corp.)
Key Players & Entities
- State Street Corporation (company) — the reporting person filing the SC 13G/A
- UGI Corp /PA/ (company) — the subject company whose securities are being reported
- 0000093751-24-000027 (dollar_amount) — accession number for the filing
- 902681105 (dollar_amount) — CUSIP number for UGI Corp common stock
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, indicating a change in previously reported beneficial ownership of securities.
Who is the reporting person in this filing?
The reporting person is State Street Corporation, with IRS Identification No. 04-2456637, located at 1 Congress Street, Boston, MA.
What is the subject company whose securities are being reported?
The subject company is UGI Corp /PA/, with Central Index Key (CIK) 0000884614, and its common stock is the title of the class of securities.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the common stock of UGI Corp is 902681105.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding UGI CORP /PA/ (UGI).