Franklin Resources Inc. cut its holdings in shares of UGI Co. (NYSE:UGI - Free Report) by 23.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 480,224 shares of the utilities provider's stock after selling 150,380 shares during the quarter. Franklin Resources Inc. owned 0.22% of UGI worth $13,557,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in UGI in the fourth quarter valued at $103,115,000. Hennessy Advisors Inc. boosted its stake in shares of UGI by 2,050.9% in the 4th quarter. Hennessy Advisors Inc. now owns 2,375,752 shares of the utilities provider's stock valued at $67,067,000 after buying an additional 2,265,300 shares during the period. Pictet Asset Management Holding SA grew its position in shares of UGI by 5,776.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,739,419 shares of the utilities provider's stock worth $49,104,000 after buying an additional 1,709,820 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of UGI by 33.8% during the third quarter. Geode Capital Management LLC now owns 4,762,970 shares of the utilities provider's stock worth $127,246,000 after buying an additional 1,202,938 shares during the period. Finally, Loomis Sayles & Co. L P acquired a new stake in UGI in the fourth quarter valued at approximately $18,344,000. Hedge funds and other institutional investors own 82.34% of the company's stock.
Insider Transactions at UGI
In related news, insider Michael Sharp purchased 4,806 shares of the company's stock in a transaction on 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 completion of 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 purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.73% of the company's stock.
UGI Stock Up 1.8 %
NYSE UGI traded up $0.55 on Friday, hitting $31.51. 1,549,842 shares of the stock were exchanged, compared to its average volume of 2,267,836. UGI Co. has a fifty-two week low of $22.01 and a fifty-two week high of $34.49. The company has a 50-day moving average price of $32.51 and a 200-day moving average price of $28.89. The company has a quick ratio of 0.82, a current ratio of 1.00 and a debt-to-equity ratio of 1.44. The company has a market cap of $6.77 billion, a PE ratio of 12.41, a PEG ratio of 2.26 and a beta of 1.05.
UGI (NYSE:UGI - Get Free Report) last issued its earnings results on Wednesday, February 5th. The utilities provider reported $1.37 EPS for the quarter, topping analysts' consensus estimates of $1.21 by $0.16. UGI had a net margin of 7.73% and a return on equity of 15.19%. Sell-side analysts anticipate that UGI Co. will post 3.02 EPS for the current fiscal year.
UGI Dividend Announcement
The firm also recently announced 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. This represents a $1.50 annualized dividend and a dividend yield of 4.76%. The ex-dividend date was Monday, March 17th. UGI's dividend payout ratio (DPR) is presently 59.06%.
About UGI
(
Free Report)
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.
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