California Public Employees Retirement System Has $10.76 Million Stock Holdings in UGI Co. (NYSE:UGI)

California Public Employees Retirement System reduced its holdings in shares of UGI Co. (NYSE:UGI - Free Report) by 4.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 380,961 shares of the utilities provider's stock after selling 18,568 shares during the period. California Public Employees Retirement System owned about 0.18% of UGI worth $10,755,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in UGI. Norges Bank bought a new stake in shares of UGI in the 4th quarter valued at approximately $103,115,000. Hennessy Advisors Inc. boosted its stake in UGI by 2,050.9% in the 4th quarter. Hennessy Advisors Inc. now owns 2,375,752 shares of the utilities provider's stock valued at $67,067,000 after buying an additional 2,265,300 shares in the last quarter. Pictet Asset Management Holding SA grew its position in UGI by 5,776.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,739,419 shares of the utilities provider's stock valued at $49,104,000 after acquiring an additional 1,709,820 shares during the period. Geode Capital Management LLC raised its stake in UGI by 33.8% during the third 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. Finally, Loomis Sayles & Co. L P bought a new position in shares of UGI during the fourth quarter valued at $18,344,000. Institutional investors own 82.34% of the company's stock.

Insider Buying and Selling at UGI

In related 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, with a total value of $160,039.80. Following the acquisition, the insider now directly owns 4,806 shares in the company, valued at $160,039.80. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.73% of the company's stock.

UGI Price Performance

Shares of UGI traded up $0.55 during trading hours on Friday, hitting $31.51. The stock had a trading volume of 1,549,842 shares, compared to its average volume of 2,267,836. The stock has a market capitalization of $6.77 billion, a price-to-earnings ratio of 12.41, a P/E/G 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. The company's fifty day moving average is $32.51 and its two-hundred day moving average is $28.89. 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 EPS 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, analysts anticipate that UGI Co. will post 3.02 EPS for the current year.

UGI Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 17th were issued a dividend of $0.375 per share. The ex-dividend date was Monday, March 17th. This represents a $1.50 dividend on an annualized basis and a yield of 4.76%. UGI's dividend 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.