Bank of Montreal Can Sells 16,427 Shares of UGI Co. (NYSE:UGI)

Bank of Montreal Can lowered its stake in shares of UGI Co. (NYSE:UGI - Free Report) by 14.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 93,848 shares of the utilities provider's stock after selling 16,427 shares during the period. Bank of Montreal Can's holdings in UGI were worth $2,649,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. S.A. Mason LLC purchased a new position in shares of UGI during the 4th quarter valued at $27,000. Flagship Wealth Advisors LLC purchased a new stake in UGI during the fourth quarter valued at about $30,000. Golden State Wealth Management LLC purchased a new position in shares of UGI in the fourth quarter worth about $36,000. Vision Financial Markets LLC bought a new stake in UGI during the 4th quarter valued at $36,000. Finally, SBI Securities Co. Ltd. bought a new stake in UGI during the 4th quarter worth approximately $37,000. Institutional investors own 82.34% of the company's stock.

UGI Price Performance

Shares of UGI stock traded up $0.33 on Friday, reaching $33.13. The company's stock had a trading volume of 1,744,472 shares, compared to its average volume of 2,242,659. UGI Co. has a 12-month low of $22.01 and a 12-month high of $34.49. The stock's 50 day simple moving average is $32.59 and its 200-day simple moving average is $29.17. The company has a quick ratio of 0.82, a current ratio of 1.00 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $7.12 billion, a P/E ratio of 13.04, a PEG ratio of 2.26 and a beta of 1.05.

UGI (NYSE:UGI - Get Free Report) last issued its quarterly earnings data 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 return on equity of 15.19% and a net margin of 7.73%. As a group, equities analysts predict that UGI Co. will post 3.02 earnings per share for the current fiscal year.

UGI Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th were given a $0.375 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.50 annualized dividend and a yield of 4.53%. UGI's payout ratio is currently 59.06%.

Insider Transactions at UGI

In other news, insider Michael Sharp acquired 4,806 shares of the firm's stock in a transaction on Thursday, February 27th. The shares were purchased at an average price of $33.30 per share, for a total transaction of $160,039.80. Following the completion of the transaction, the insider now owns 4,806 shares of the company's stock, valued at $160,039.80. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.73% of the company's stock.

UGI Company 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.