UGI Corporation - Specimen Stock CertificateInv# SE1273 Stock
Specimen Stock printed by American Bank Note Company. UGI Corp. supplies energy products.
UGI Corporation (formerly United Gas Improvement Co.) is a natural gas and electric power distribution company headquartered in King of Prussia, Pennsylvania, with extensive operations in the United States and Europe.
UGI was incorporated in 1882 as United Gas Improvement Co.
In 1903, the company owned the majority of the stock of the Equitable Illuminating Gas Light Company, which operated the Philadelphia Gas Works.
In October 1964, Industrial Gases, Inc., of Pittsburgh, Pennsylvania, filed an antitrust suit in United States district court charging the company with attempting to eliminate competition in sales of bottled propane gas in Pittsburgh. The Philadelphia Gas Works division of UGI challenged a ruling of the Federal Power Commission. The FPC lowered the maximum price that natural gas producers could charge to $0.16 per 1,000 cubic feet (28 m3) of gas. This mandate was upheld by the Supreme Court of the United States in May 1968.
In February 1968, the company changed its name to UGI Corporation.
In May 2015, the company acquired Totalgaz S.A.'s liquefied petroleum gas distribution operations in France for €423 million.
In October 2017, the company acquired Totalgaz Italia, a liquefied petroleum gas distribution business.
In December 2018, the company acquired South Jersey Industries’s retail natural gas business.
On August 1, 2019, the company acquired Columbia Midstream Group for approximately $1.275 billion.
On August 21, 2019, the company acquired the portion of AmeriGas that it did not already own.
On July 10, 2020, the company acquired GHI Energy LLC, a Houston-based renewable natural gas company.
On January 5, 2020, the company acquired Mountaineer Gas Company of West Virginia for $540 million.
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.