Whittier Trust Co. of Nevada Inc. Buys New Position in UGI Co. (NYSE:UGI)

Whittier Trust Co. of Nevada Inc. bought a new position in shares of UGI Co. (NYSE:UGI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 12,756 shares of the utilities provider's stock, valued at approximately $360,000.

Several other large investors have also recently modified their holdings of the business. Citigroup Inc. raised its stake in UGI by 33.0% during the third quarter. Citigroup Inc. now owns 203,313 shares of the utilities provider's stock worth $5,087,000 after buying an additional 50,485 shares during the last quarter. FMR LLC grew its holdings in UGI by 42.0% during the 3rd quarter. FMR LLC now owns 9,418,865 shares of the utilities provider's stock worth $235,660,000 after acquiring an additional 2,786,878 shares during the period. JPMorgan Chase & Co. raised its position in shares of UGI by 35.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,227,732 shares of the utilities provider's stock worth $30,718,000 after acquiring an additional 318,655 shares in the last quarter. Commerce Bank acquired a new position in shares of UGI in the 3rd quarter valued at about $645,000. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of UGI by 254.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 181,687 shares of the utilities provider's stock valued at $5,138,000 after purchasing an additional 130,407 shares in the last quarter. Institutional investors own 82.34% of the company's stock.

Insider Activity at UGI

In other UGI news, insider Michael Sharp acquired 4,806 shares of UGI stock in a transaction dated Thursday, February 27th. The stock was purchased at an average cost of $33.30 per share, for a total transaction of $160,039.80. Following the completion of the acquisition, the insider now directly owns 4,806 shares of the company's stock, valued at $160,039.80. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.73% of the stock is currently owned by corporate insiders.

UGI Trading Down 0.4 %

UGI stock traded down $0.12 during mid-day trading on Thursday, reaching $32.92. The company's stock had a trading volume of 1,180,811 shares, compared to its average volume of 2,176,624. UGI Co. has a 12 month low of $22.01 and a 12 month high of $34.49. The company has a current ratio of 1.00, a quick ratio of 0.82 and a debt-to-equity ratio of 1.44. The business's 50 day moving average price is $32.14 and its 200 day moving average price is $28.17. The company has a market cap of $7.07 billion, a price-to-earnings ratio of 12.96, a price-to-earnings-growth ratio of 2.26 and a beta of 1.17.

UGI (NYSE:UGI - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.16. UGI had a net margin of 7.73% and a return on equity of 15.19%. On average, equities research analysts predict that UGI Co. will post 3.02 EPS for the current year.

UGI Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be paid a $0.375 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.50 annualized dividend and a dividend yield of 4.56%. UGI's dividend payout ratio is presently 59.06%.

UGI Company Profile

UGI Corporation, together with its subsidiaries, distributes, stores, transports, and markets energy products and related services in the United States and internationally. The company operates through four segments: AmeriGas Propane, UGI International, Midstream & Marketing, and UGI Utilities. It distributes propane to approximately 1.3 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,400 propane distribution locations.