Easterly Investment Partners LLC Has $1.99 Million Stake in UGI Co. (NYSE:UGI)

Easterly Investment Partners LLC raised its holdings in UGI Co. (NYSE:UGI - Free Report) by 18.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 70,338 shares of the utilities provider's stock after acquiring an additional 11,100 shares during the period. Easterly Investment Partners LLC's holdings in UGI were worth $1,986,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of UGI. Norges Bank bought a new stake in shares of UGI during the 4th quarter valued at approximately $103,115,000. Loomis Sayles & Co. L P acquired a new stake in UGI in the fourth quarter valued at approximately $18,344,000. WINTON GROUP Ltd bought a new stake in shares of UGI during the fourth quarter worth $12,903,000. Congress Wealth Management LLC DE acquired a new position in shares of UGI during the fourth quarter worth $3,910,000. Finally, Mountain Hill Investment Partners Corp. bought a new position in shares of UGI in the 4th quarter valued at $113,000. Institutional investors and hedge funds own 82.34% of the company's stock.

Insider Buying and Selling

In related news, insider Michael Sharp bought 4,806 shares of the business's stock in a transaction on 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 acquisition, the insider now owns 4,806 shares of the company's stock, valued at $160,039.80. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.73% of the stock is currently owned by insiders.

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UGI Price Performance

UGI stock traded up $0.11 during midday trading on Monday, reaching $32.97. 428,921 shares of the stock were exchanged, compared to its average volume of 2,241,318. UGI Co. has a 52 week low of $22.01 and a 52 week high of $34.49. The company has a fifty day moving average price of $32.26 and a 200 day moving average price of $28.33. 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 stock has a market capitalization of $7.08 billion, a PE ratio of 12.98, a P/E/G ratio of 2.26 and a beta of 1.17.

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

UGI Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.55%. UGI's dividend payout ratio (DPR) is presently 59.06%.

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.