Norges Bank Makes New $103.12 Million Investment in UGI Co. (NYSE:UGI)

Norges Bank purchased a new stake in shares of UGI Co. (NYSE:UGI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,652,660 shares of the utilities provider's stock, valued at approximately $103,115,000. Norges Bank owned approximately 1.70% of UGI as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently modified their holdings of the company. Hennessy Advisors Inc. lifted its holdings in shares of UGI by 2,050.9% in the 4th quarter. Hennessy Advisors Inc. now owns 2,375,752 shares of the utilities provider's stock worth $67,067,000 after buying an additional 2,265,300 shares during the period. Geode Capital Management LLC grew its holdings in UGI by 33.8% during the 3rd quarter. Geode Capital Management LLC now owns 4,762,970 shares of the utilities provider's stock worth $127,246,000 after acquiring an additional 1,202,938 shares in the last quarter. Loomis Sayles & Co. L P purchased a new position in UGI during the 4th quarter valued at about $18,344,000. WINTON GROUP Ltd purchased a new position in UGI during the 4th quarter valued at about $12,903,000. Finally, JPMorgan Chase & Co. raised its holdings 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 valued at $30,718,000 after purchasing an additional 318,655 shares in the last quarter. Hedge funds and other institutional investors own 82.34% of the company's stock.

UGI Stock Down 4.3 %

Shares of UGI traded down $1.39 during mid-day trading on Friday, hitting $31.00. The company's stock had a trading volume of 3,424,469 shares, compared to its average volume of 2,254,208. The firm has a market capitalization of $6.66 billion, a price-to-earnings ratio of 12.20, a PEG ratio of 2.26 and a beta of 1.05. The company's 50-day moving average is $32.49 and its 200-day moving average is $28.64. The company has a current ratio of 1.00, a quick ratio of 0.82 and a debt-to-equity ratio of 1.44. UGI Co. has a 52-week low of $22.01 and a 52-week high of $34.49.

UGI (NYSE:UGI - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share 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%. On average, equities research analysts forecast that UGI Co. will post 3.02 EPS for the current fiscal year.

UGI Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 17th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date was Monday, March 17th. UGI's dividend payout ratio (DPR) is presently 59.06%.

Insider Activity at UGI

In other UGI news, insider Michael Sharp acquired 4,806 shares of the firm'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 owns 4,806 shares in the company, valued at approximately $160,039.80. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.73% of the stock is owned by insiders.

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.