Proficio Capital Partners LLC Takes $582,000 Position in UGI Co. (NYSE:UGI)

Proficio Capital Partners LLC bought a new stake in shares of UGI Co. (NYSE:UGI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 20,608 shares of the utilities provider's stock, valued at approximately $582,000.

Other large investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its stake in UGI by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,555,075 shares of the utilities provider's stock worth $72,130,000 after purchasing an additional 51,861 shares during the period. Steward Partners Investment Advisory LLC raised its stake in UGI by 1,174.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 17,259 shares of the utilities provider's stock worth $487,000 after buying an additional 15,905 shares in the last quarter. Quintet Private Bank Europe S.A. bought a new stake in UGI during the 4th quarter valued at approximately $42,000. SBI Securities Co. Ltd. purchased a new position in shares of UGI during the 4th quarter worth approximately $37,000. Finally, Jones Financial Companies Lllp raised its position in shares of UGI by 45.8% in the 4th quarter. Jones Financial Companies Lllp now owns 2,732 shares of the utilities provider's stock worth $77,000 after acquiring an additional 858 shares in the last quarter. Hedge funds and other institutional investors own 82.34% of the company's stock.

UGI Stock Down 0.4 %

Shares of NYSE UGI traded down $0.12 during mid-day trading on Thursday, hitting $32.92. 1,180,811 shares of the stock traded hands, compared to its average volume of 2,176,623. The company has a market cap of $7.07 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 2.26 and a beta of 1.17. The stock has a fifty day moving average price of $32.14 and a 200-day moving average price of $28.17. UGI Co. has a 52 week low of $22.01 and a 52 week high of $34.49. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.82 and a current ratio of 1.00.

UGI (NYSE:UGI - Get Free Report) last issued its earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share (EPS) for the quarter, topping 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%. Research analysts anticipate that UGI Co. will post 3.02 EPS for the current year.

UGI Announces Dividend

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

Insider Buying and Selling at UGI

In other news, insider Michael Sharp purchased 4,806 shares of the business's stock in a transaction on Thursday, February 27th. The stock was acquired at an average cost of $33.30 per share, for a total transaction of $160,039.80. Following the purchase, the insider now directly owns 4,806 shares in the company, valued at $160,039.80. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.73% of the company's stock.

UGI 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.