SCHEDULE: FMR LLC Discloses 6.7% Stake in UGI Corp

FMR LLC and Abigail P. Johnson have reported a combined beneficial ownership of 14,321,739.23 shares, representing 6.7% of UGI Corp's common stock, as of March 31, 2026.

Summary

• FMR LLC and Abigail P. Johnson have filed a Schedule 13G, indicating their beneficial ownership of UGI Corp's common stock.
• The filing reports a total of 14,321,739.23 shares owned, which constitutes 6.7% of the class of securities.
• This ownership level is as of March 31, 2026.
• FMR LLC is classified as a holding company, while Abigail P. Johnson is identified as an individual investor.
• The filing confirms that the securities were acquired and are held in the ordinary course of business and not for the purpose of influencing control of the issuer.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing. It is a routine disclosure of beneficial ownership by a major financial institution and does not contain operational or financial performance data.

Positives

• FMR LLC and Abigail P. Johnson collectively hold a significant stake of 6.7% in UGI Corp, indicating substantial investor confidence.
• The filing confirms that the shares are held in the ordinary course of business, suggesting a stable, long-term investment approach rather than a hostile takeover attempt.

Risks

• While not explicitly stated as a risk in this filing, a significant ownership stake by a large entity like FMR LLC could potentially lead to future activism or influence on corporate strategy, which may or may not align with existing management's plans.

Future Outlook

This filing does not contain forward-looking statements or guidance. It is a disclosure of current beneficial ownership.

Management Comments

• "This filing reflects the securities beneficially owned, or that may be deemed to be beneficially owned, by FMR LLC, certain of its subsidiaries and affiliates, and other companies (collectively, the 'FMR Reporters')."
• "This filing does not reflect securities, if any, beneficially owned by certain other companies whose beneficial ownership of securities is disaggregated from that of the FMR Reporters in accordance with Securities and Exchange Commission Release No. 34-39538 (January 12, 1998)."
• "Members of the Johnson family, including Abigail P. Johnson, are the predominant owners, directly or through trusts, of Series B voting common shares of FMR LLC, representing 49% of the voting power of FMR LLC."
• "The Johnson family group and all other Series B shareholders have entered into a shareholders' voting agreement under which all Series B voting common shares will be voted in accordance with the majority vote of Series B voting common shares."
• "Accordingly, through their ownership of voting common shares and the execution of the shareholders' voting agreement, members of the Johnson family may be deemed, under the Investment Company Act of 1940, to form a controlling group with respect to FMR LLC."

Industry Context

StockSavvy.ai notes that Schedule 13G filings are common for institutional investors and significant shareholders to disclose their holdings. FMR LLC is a major financial services firm, and its reporting of a 6.7% stake in UGI Corp is consistent with its role as an active institutional investor in the energy and utilities sector.

Corporate Governance

Stakeholder Impact

• Shareholders: The disclosure of a significant stake by FMR LLC may be viewed positively by some shareholders as it indicates institutional confidence, while others may be concerned about potential future activism.
• Management: UGI Corp's management may need to engage with FMR LLC regarding corporate strategy and governance, especially if FMR LLC decides to increase its influence.
• Employees and Creditors: No direct impact is indicated in this filing, as it pertains to ownership and not operational changes.

Next Steps

• Monitor future filings by FMR LLC and Abigail P. Johnson for any changes in their stake in UGI Corp.
• Observe UGI Corp's strategic decisions and corporate governance for any potential influence from significant shareholders.

Key Dates

Keywords

UGI Corp, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Investment, Shareholder