BlackRock Amends UGI Corp Stake, Updates Passive Investment
Ticker: UGI · Form: SC 13G/A · Filed: Jan 23, 2024 · CIK: 884614
| Field | Detail |
|---|---|
| Company | Ugi CORP /Pa/ (UGI) |
| Form Type | SC 13G/A |
| Filed Date | Jan 23, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
Related Tickers: UGI
TL;DR
**BlackRock updated its UGI Corp stake, signaling a passive investment change.**
AI Summary
BlackRock Inc. filed an amended Schedule 13G/A on January 23, 2024, indicating a change in its ownership of UGI Corp /PA/ common stock as of December 31, 2023. This amendment, number 4, shows BlackRock's updated passive investment position in UGI Corp. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal shifts in confidence or strategy regarding UGI Corp's future performance.
Why It Matters
This filing shows BlackRock's updated ownership in UGI Corp, which can influence investor sentiment and potentially impact the stock's trading volume and price.
Risk Assessment
Risk Level: low — This is a routine amendment by a large institutional investor, indicating a passive investment, which typically carries low risk.
Analyst Insight
Investors should note BlackRock's continued passive interest in UGI Corp, but this filing alone doesn't suggest a strong buy or sell signal. It's a routine update from a major institutional holder.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person filing the SC 13G/A
- UGI Corp /PA/ (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 23, 2024 (date) — the filing date of the SC 13G/A
- 902681105 (number) — the CUSIP number for UGI Corp's Common Stock
FAQ
What type of filing is this and who filed it?
This is an SC 13G/A filing, which is an amendment to a Schedule 13G, filed by BlackRock Inc. regarding its ownership in UGI Corp /PA/.
What is the purpose of an SC 13G/A filing?
An SC 13G/A is an amendment to a Schedule 13G, used by passive institutional investors like BlackRock to update their ownership stake in a company when their holdings change, as indicated by the 'Amendment No: 4' in the filing.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as stated in the filing.
Which rule under the Securities Exchange Act of 1934 is this Schedule filed under?
This Schedule is filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, as indicated by the 'X' next to '[X] Rule 13d-1(b)'.
What is the CUSIP number for the securities discussed in this filing?
The CUSIP number for the Common Stock of UGI Corp /PA/ is 902681105, as listed in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 23, 2024 regarding UGI CORP /PA/ (UGI).