Foundry Partners LLC Trims Position in UGI Co. (NYSE:UGI)

Foundry Partners LLC reduced its holdings in shares of UGI Co. (NYSE:UGI - Free Report) by 10.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 342,439 shares of the utilities provider's stock after selling 41,241 shares during the quarter. Foundry Partners LLC owned about 0.16% of UGI worth $9,667,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AIA Group Ltd raised its stake in shares of UGI by 1.8% during the fourth 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 lifted its stake in shares of UGI by 3.7% in the 4th quarter. US Bancorp DE now owns 10,826 shares of the utilities provider's stock valued at $306,000 after purchasing an additional 388 shares during the period. Hourglass Capital LLC increased its holdings in shares of 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 acquiring an additional 470 shares in the last quarter. Wright Investors Service Inc. raised its holdings in UGI by 1.3% in the fourth quarter. Wright Investors Service Inc. now owns 37,206 shares of the utilities provider's stock worth $1,050,000 after buying an additional 484 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in shares of UGI by 0.4% during the third quarter. MetLife Investment Management LLC now owns 110,875 shares of the utilities provider's stock valued at $2,774,000 after purchasing an additional 489 shares in the last quarter. 82.34% of the stock is currently owned by institutional investors.

UGI Stock Performance

Shares of UGI stock traded down $0.73 during trading hours on Wednesday, reaching $29.45. 933,761 shares of the company traded hands, compared to its average volume of 2,255,140. The company has a market cap of $6.33 billion, a P/E ratio of 11.54, a P/E/G 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. The firm has a 50-day moving average price of $32.49 and a 200 day moving average price of $28.74. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.00 and a quick ratio of 0.82.

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

UGI Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th were issued a $0.375 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.50 dividend on an annualized basis and a yield of 5.09%. UGI's dividend payout ratio is presently 59.06%.

Insiders Place Their Bets

In related news, insider Michael Sharp bought 4,806 shares of the stock in a transaction dated Thursday, February 27th. The shares were purchased at an average price of $33.30 per share, for a total transaction of $160,039.80. Following the completion of the purchase, the insider now directly 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.73% of the company's stock.

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.