Harvest Fund Management Co. Ltd bought a new position in UGI Co. (NYSE:UGI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 25,911 shares of the utilities provider's stock, valued at approximately $732,000.
A number of other large investors have also made changes to their positions in UGI. FMR LLC boosted its stake in UGI by 42.0% in the 3rd quarter. FMR LLC now owns 9,418,865 shares of the utilities provider's stock worth $235,660,000 after purchasing an additional 2,786,878 shares during the period. Hennessy Advisors Inc. lifted its holdings in shares of UGI by 2,050.9% in the fourth quarter. Hennessy Advisors Inc. now owns 2,375,752 shares of the utilities provider's stock valued at $67,067,000 after purchasing an additional 2,265,300 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of UGI by 33.8% in the third quarter. Geode Capital Management LLC now owns 4,762,970 shares of the utilities provider's stock worth $127,246,000 after buying an additional 1,202,938 shares during the period. Charles Schwab Investment Management Inc. raised its position in UGI by 47.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,503,214 shares of the utilities provider's stock valued at $62,630,000 after buying an additional 808,113 shares during the period. Finally, Foundry Partners LLC purchased a new stake in UGI in the 3rd quarter worth about $9,600,000. Institutional investors and hedge funds own 82.34% of the company's stock.
UGI Stock Down 0.9 %
NYSE:UGI traded down $0.29 on Tuesday, hitting $32.85. 1,594,059 shares of the company's stock traded hands, compared to its average volume of 2,182,312. The company has a market cap of $7.06 billion, a PE ratio of 12.93, a price-to-earnings-growth ratio of 2.26 and a beta of 1.17. UGI Co. has a 1 year low of $22.01 and a 1 year 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 firm has a 50-day moving average price of $32.00 and a 200-day moving average price of $28.07.
UGI (NYSE:UGI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The utilities provider reported $1.37 EPS for the quarter, beating analysts' consensus estimates of $1.21 by $0.16. UGI had a net margin of 7.73% and a return on equity of 15.19%. Equities analysts anticipate that UGI Co. will post 3.02 EPS for the current fiscal year.
UGI Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.50 annualized dividend and a dividend yield of 4.57%. UGI's dividend payout ratio is 59.06%.
Insider Activity at UGI
In other news, insider Michael Sharp purchased 4,806 shares of UGI stock in a transaction dated 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 acquisition, the insider now directly owns 4,806 shares in the company, 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 the SEC website. Insiders own 0.73% of the company's stock.
UGI Company Profile
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Free Report)
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.
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