UGI Co. (NYSE:UGI) Shares Acquired by Federated Hermes Inc.

Federated Hermes Inc. lifted its position in UGI Co. (NYSE:UGI - Free Report) by 25.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,962,740 shares of the utilities provider's stock after buying an additional 1,007,156 shares during the quarter. Federated Hermes Inc. owned approximately 2.31% of UGI worth $140,098,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. S.A. Mason LLC acquired a new stake in UGI in the 4th quarter valued at about $27,000. Flagship Wealth Advisors LLC acquired a new stake in UGI in the fourth quarter valued at approximately $30,000. Golden State Wealth Management LLC purchased a new position in UGI in the fourth quarter worth approximately $36,000. Vision Financial Markets LLC acquired a new position in UGI during the 4th quarter worth approximately $36,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of UGI in the 4th quarter valued at approximately $37,000. Institutional investors and hedge funds own 82.34% of the company's stock.

UGI Stock Up 1.3 %

Shares of UGI stock traded up $0.40 during trading on Friday, hitting $31.36. 442,206 shares of the stock were exchanged, compared to its average volume of 2,261,005. 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 firm's 50-day moving average price is $32.50 and its 200 day moving average price is $28.84. The stock has a market cap of $6.74 billion, a price-to-earnings ratio of 12.33, a price-to-earnings-growth ratio of 2.26 and a beta of 1.05. UGI Co. has a 12-month low of $22.01 and a 12-month high of $34.49.

UGI (NYSE:UGI - Get Free Report) last released 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, analysts forecast that UGI Co. will post 3.02 earnings per share for the current fiscal year.

UGI Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th were given a dividend of $0.375 per share. The ex-dividend date was Monday, March 17th. This represents a $1.50 annualized dividend and a dividend yield of 4.78%. UGI's dividend payout ratio is presently 59.06%.

Insider Activity

In other UGI news, insider Michael Sharp bought 4,806 shares of the stock in a transaction dated Thursday, February 27th. The shares were acquired at an average cost of $33.30 per share, for a total transaction of $160,039.80. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.73% of the company's stock.

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.