Alliancebernstein L.P. cut its stake in UGI Co. (NYSE:UGI - Free Report) by 10.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 441,760 shares of the utilities provider's stock after selling 52,207 shares during the quarter. Alliancebernstein L.P. owned about 0.21% of UGI worth $12,471,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the stock. AIA Group Ltd boosted its position in UGI by 1.8% during the fourth quarter. AIA Group Ltd now owns 18,047 shares of the utilities provider's stock valued at $509,000 after purchasing an additional 323 shares in the last quarter. US Bancorp DE grew its position in shares of UGI by 3.7% in the 4th quarter. US Bancorp DE now owns 10,826 shares of the utilities provider's stock worth $306,000 after buying an additional 388 shares during the last quarter. Hourglass Capital LLC raised its stake in shares of UGI by 0.6% during the 4th quarter. Hourglass Capital LLC now owns 82,520 shares of the utilities provider's stock worth $2,330,000 after acquiring an additional 470 shares in the last quarter. Wright Investors Service Inc. lifted its position in UGI by 1.3% during the fourth quarter. Wright Investors Service Inc. now owns 37,206 shares of the utilities provider's stock valued at $1,050,000 after acquiring an additional 484 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its position in UGI by 15.1% during the fourth quarter. Venturi Wealth Management LLC now owns 3,749 shares of the utilities provider's stock valued at $106,000 after acquiring an additional 491 shares during the last quarter. 82.34% of the stock is owned by institutional investors.
UGI Stock Up 0.8 %
NYSE UGI traded up $0.24 on Tuesday, hitting $32.23. The stock had a trading volume of 140,099 shares, compared to its average volume of 2,258,603. The business's fifty day moving average price is $32.52 and its 200 day moving average price is $28.97. The stock has a market cap of $6.92 billion, a price-to-earnings ratio of 12.69, a price-to-earnings-growth ratio of 2.26 and a beta of 1.05. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.00 and a quick ratio of 0.82. 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 announced its earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.16. UGI had a return on equity of 15.19% and a net margin of 7.73%. Equities research analysts anticipate that UGI Co. will post 3.02 earnings per share for the current year.
UGI Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 17th were given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 4.65%. The ex-dividend date of this dividend was Monday, March 17th. UGI's payout ratio is currently 59.06%.
Insider Buying and Selling
In related news, insider Michael Sharp purchased 4,806 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was acquired at an average price of $33.30 per share, with a total value of $160,039.80. Following the completion of the acquisition, the insider now owns 4,806 shares in the company, valued at approximately $160,039.80. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.73% of the stock is owned by company insiders.
About UGI
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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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