Callodine Capital Management LP Boosts Stock Holdings in UGI Co. (NYSE:UGI)

Callodine Capital Management LP boosted its stake in UGI Co. (NYSE:UGI - Free Report) by 29.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 380,100 shares of the utilities provider's stock after acquiring an additional 86,350 shares during the period. UGI accounts for approximately 2.2% of Callodine Capital Management LP's holdings, making the stock its 15th biggest holding. Callodine Capital Management LP owned 0.18% of UGI worth $10,730,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in UGI. Norges Bank purchased a new stake in UGI in the fourth quarter worth about $103,115,000. Hennessy Advisors Inc. raised its position in shares of UGI by 2,050.9% in the 4th quarter. Hennessy Advisors Inc. now owns 2,375,752 shares of the utilities provider's stock worth $67,067,000 after acquiring an additional 2,265,300 shares in the last quarter. FMR LLC lifted its stake in shares of UGI by 22.4% in the 4th quarter. FMR LLC now owns 11,529,202 shares of the utilities provider's stock valued at $325,469,000 after purchasing an additional 2,110,337 shares during the period. Pictet Asset Management Holding SA boosted its position in shares of UGI by 5,776.6% during 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 purchasing an additional 1,709,820 shares in the last quarter. Finally, Neuberger Berman Group LLC grew its stake in UGI by 5,215.3% in the fourth quarter. Neuberger Berman Group LLC now owns 1,560,265 shares of the utilities provider's stock worth $44,046,000 after purchasing an additional 1,530,911 shares during the period. 82.34% of the stock is currently owned by institutional investors.

Insider Activity at UGI

In related news, insider Michael Sharp bought 4,806 shares of the business's stock in a transaction dated Thursday, February 27th. The shares were purchased at an average cost of $33.30 per share, with a total value of $160,039.80. Following the completion of the purchase, the insider now owns 4,806 shares in the company, valued at approximately $160,039.80. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.73% of the stock is owned by corporate insiders.

UGI Stock Down 1.4 %

UGI stock traded down $0.46 on Wednesday, hitting $32.37. 698,877 shares of the stock traded hands, compared to its average volume of 2,253,052. UGI Co. has a 1 year low of $22.01 and a 1 year high of $34.49. The firm has a market cap of $6.95 billion, a P/E ratio of 12.74, a price-to-earnings-growth ratio of 2.26 and a beta of 1.05. 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 business's fifty day simple moving average is $32.60 and its 200 day simple moving average is $29.28.

UGI (NYSE:UGI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share (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%. As a group, sell-side analysts forecast that UGI Co. will post 3.02 earnings per share for the current year.

UGI Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 17th were paid a $0.375 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.50 annualized dividend and a dividend yield of 4.63%. UGI's payout ratio is currently 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.