UGI Co. (NYSE:UGI) Shares Bought by Fmr LLC

FMR LLC increased its position in UGI Co. (NYSE:UGI - Free Report) by 22.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,529,202 shares of the utilities provider's stock after purchasing an additional 2,110,337 shares during the period. FMR LLC owned 5.37% of UGI worth $325,469,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UGI. AIA Group Ltd grew its position in shares of UGI by 1.8% in the 4th quarter. AIA Group Ltd now owns 18,047 shares of the utilities provider's stock worth $509,000 after acquiring an additional 323 shares in the last quarter. US Bancorp DE boosted its holdings in UGI by 3.7% in the fourth quarter. US Bancorp DE now owns 10,826 shares of the utilities provider's stock worth $306,000 after purchasing an additional 388 shares during the period. Hourglass Capital LLC increased its stake in UGI by 0.6% during the fourth quarter. Hourglass Capital LLC now owns 82,520 shares of the utilities provider's stock valued at $2,330,000 after purchasing an additional 470 shares during the last quarter. Wright Investors Service Inc. raised its holdings in shares of UGI by 1.3% during the fourth quarter. Wright Investors Service Inc. now owns 37,206 shares of the utilities provider's stock worth $1,050,000 after purchasing an additional 484 shares during the period. Finally, Venturi Wealth Management LLC lifted its position in shares of UGI by 15.1% in the 4th quarter. Venturi Wealth Management LLC now owns 3,749 shares of the utilities provider's stock worth $106,000 after buying an additional 491 shares during the last quarter. 82.34% of the stock is owned by institutional investors.

Remove Ads

UGI Stock Performance

Shares of NYSE:UGI traded up $0.79 during trading on Wednesday, reaching $32.86. 728,611 shares of the company's stock traded hands, compared to its average volume of 2,088,107. 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 has a 50 day moving average of $32.52 and a 200-day moving average of $28.99. UGI Co. has a 12 month low of $22.01 and a 12 month high of $34.49. The stock has a market capitalization of $7.06 billion, a P/E ratio of 12.94, a price-to-earnings-growth ratio of 2.26 and a beta of 1.05.

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

UGI Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date was Monday, March 17th. UGI's payout ratio is 59.06%.

Insider Activity

In other news, insider Michael Sharp bought 4,806 shares of UGI stock in a transaction on Thursday, February 27th. The stock was purchased at an average cost of $33.30 per share, with a total value of $160,039.80. Following the purchase, the insider now directly owns 4,806 shares of the company's stock, valued at approximately $160,039.80. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate 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.