Bank of Nova Scotia Purchases New Stake in UGI Co. (NYSE:UGI)

Bank of Nova Scotia bought a new position in UGI Co. (NYSE:UGI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 182,600 shares of the utilities provider's stock, valued at approximately $5,155,000. Bank of Nova Scotia owned 0.09% of UGI as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. S.A. Mason LLC purchased a new stake in shares of UGI in the fourth quarter worth about $27,000. Flagship Wealth Advisors LLC bought a new stake in shares of UGI during the 4th quarter valued at about $30,000. Golden State Wealth Management LLC bought a new position in shares of UGI during the fourth quarter valued at approximately $36,000. Vision Financial Markets LLC bought a new stake in UGI in the fourth quarter valued at $36,000. Finally, SBI Securities Co. Ltd. bought a new position in UGI in the 4th quarter worth about $37,000. 82.34% of the stock is currently owned by institutional investors and hedge funds.

UGI Price Performance

UGI stock traded up $0.07 during trading on Tuesday, hitting $32.06. The company had a trading volume of 1,749,704 shares, compared to its average volume of 2,264,920. The business has a 50 day moving average of $32.52 and a 200 day moving average of $28.97. 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 market capitalization of $6.89 billion, a price-to-earnings ratio of 12.62, a P/E/G ratio of 2.26 and a beta of 1.05. UGI Co. has a fifty-two week low of $22.01 and a fifty-two week high of $34.49.

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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 return on equity of 15.19% and a net margin of 7.73%. As a group, research analysts predict that UGI Co. will post 3.02 earnings per share for the current year.

UGI Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th were paid a dividend of $0.375 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.50 annualized dividend and a dividend yield of 4.68%. UGI's dividend payout ratio (DPR) is 59.06%.

Insider Buying and Selling at UGI

In related news, insider Michael Sharp purchased 4,806 shares of UGI stock in a transaction on Thursday, February 27th. The stock was purchased at an average cost of $33.30 per share, with a total value of $160,039.80. Following the acquisition, the insider now directly owns 4,806 shares in the company, valued at approximately $160,039.80. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.73% of the company's stock.

About UGI

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.