Corebridge Financial Inc. Sells 10,915 Shares of UGI Co. (NYSE:UGI)

Corebridge Financial Inc. cut its holdings in UGI Co. (NYSE:UGI - Free Report) by 4.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 242,928 shares of the utilities provider's stock after selling 10,915 shares during the period. Corebridge Financial Inc. owned approximately 0.11% of UGI worth $6,858,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Congress Wealth Management LLC DE bought a new position in shares of UGI during the fourth quarter worth approximately $3,910,000. Mountain Hill Investment Partners Corp. acquired a new position in UGI in the 4th quarter valued at $113,000. LPL Financial LLC lifted its position in shares of UGI by 28.2% during the 4th quarter. LPL Financial LLC now owns 398,820 shares of the utilities provider's stock valued at $11,259,000 after acquiring an additional 87,739 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of UGI during the 4th quarter worth $2,378,000. Finally, American Century Companies Inc. raised its stake in UGI by 62.1% in the fourth quarter. American Century Companies Inc. now owns 68,729 shares of the utilities provider's stock valued at $1,940,000 after purchasing an additional 26,317 shares in the last quarter. 82.34% of the stock is owned by institutional investors.

Insider Activity at UGI

In related news, insider Michael Sharp purchased 4,806 shares of UGI stock in a transaction dated Thursday, February 27th. The shares were bought at an average cost of $33.30 per share, for a total transaction of $160,039.80. Following the purchase, the insider now owns 4,806 shares in the company, valued at approximately $160,039.80. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.73% of the stock is currently owned by insiders.

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UGI Price Performance

UGI stock traded up $0.01 during trading hours on Wednesday, reaching $33.51. 279,166 shares of the stock were exchanged, compared to its average volume of 2,050,007. The company has a current ratio of 1.00, a quick ratio of 0.82 and a debt-to-equity ratio of 1.44. UGI Co. has a twelve month low of $22.01 and a twelve month high of $34.49. The company has a market cap of $7.20 billion, a P/E ratio of 13.19, a price-to-earnings-growth ratio of 2.26 and a beta of 1.17. The stock has a 50 day moving average of $32.38 and a two-hundred day moving average of $28.46.

UGI (NYSE:UGI - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share (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%. Equities analysts expect that UGI Co. will post 3.02 EPS for the current fiscal year.

UGI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 17th were given 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 4.48%. UGI's dividend payout ratio is currently 59.06%.

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.