AlphaQuest LLC Has $68,000 Stake in UGI Co. (NYSE:UGI)

AlphaQuest LLC lessened its position in UGI Co. (NYSE:UGI - Free Report) by 86.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,395 shares of the utilities provider's stock after selling 14,932 shares during the period. AlphaQuest LLC's holdings in UGI were worth $68,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of UGI. Natixis Advisors LLC grew its position in shares of UGI by 37.8% in the 3rd quarter. Natixis Advisors LLC now owns 40,281 shares of the utilities provider's stock valued at $1,008,000 after acquiring an additional 11,040 shares during the period. Meeder Asset Management Inc. bought a new position in shares of UGI in the 3rd quarter valued at about $94,000. Commerce Bank bought a new position in shares of UGI in the 3rd quarter valued at about $645,000. Advisors Asset Management Inc. boosted its holdings in shares of UGI by 6.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 469,701 shares of the utilities provider's stock worth $11,752,000 after buying an additional 30,003 shares during the period. Finally, Foundry Partners LLC bought a new stake in shares of UGI during the 3rd quarter worth about $9,600,000. Institutional investors own 82.34% of the company's stock.

Insider Buying and Selling

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

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UGI Stock Performance

Shares of UGI stock traded down $0.43 during midday trading on Friday, hitting $33.19. 2,867,454 shares of the company were exchanged, compared to its average volume of 2,184,782. The firm has a market capitalization of $7.13 billion, a P/E ratio of 13.07, a PEG ratio of 2.26 and a beta of 1.17. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.82 and a current ratio of 1.00. The firm's 50 day moving average price is $31.92 and its two-hundred day moving average price is $27.99. 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 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%. As a group, 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 announced 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. This represents a $1.50 annualized dividend and a dividend yield of 4.52%. The ex-dividend date is Monday, March 17th. UGI's payout ratio is 59.06%.

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.