UGI Co. (NYSE:UGI) Stock Position Lifted by Geode Capital Management LLC

Geode Capital Management LLC grew its stake in shares of UGI Co. (NYSE:UGI - Free Report) by 6.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,058,998 shares of the utilities provider's stock after buying an additional 296,028 shares during the quarter. Geode Capital Management LLC owned about 2.36% of UGI worth $157,200,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. AIA Group Ltd boosted its stake in UGI by 1.8% during the fourth quarter. AIA Group Ltd now owns 18,047 shares of the utilities provider's stock valued at $509,000 after buying an additional 323 shares in the last quarter. US Bancorp DE boosted its position in shares of UGI by 3.7% during 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 in the last quarter. Hourglass Capital LLC raised its holdings in shares of UGI by 0.6% in the 4th quarter. Hourglass Capital LLC now owns 82,520 shares of the utilities provider's stock worth $2,330,000 after purchasing an additional 470 shares in the last quarter. Wright Investors Service Inc. lifted its stake in UGI by 1.3% during the fourth quarter. Wright Investors Service Inc. now owns 37,206 shares of the utilities provider's stock valued at $1,050,000 after purchasing an additional 484 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in UGI by 15.1% during the fourth 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 in the last quarter. 82.34% of the stock is owned by institutional investors and hedge funds.

UGI Price Performance

Shares of NYSE:UGI traded up $0.55 on Friday, reaching $31.51. 1,549,842 shares of the company traded hands, compared to its average volume of 2,267,836. 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 $6.77 billion, a PE ratio of 12.41, a P/E/G ratio of 2.26 and a beta of 1.05. The company's 50 day moving average is $32.51 and its 200-day moving average is $28.89. UGI Co. has a fifty-two week low of $22.01 and a fifty-two week high of $34.49.

UGI (NYSE:UGI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share for the quarter, topping 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 anticipate that UGI Co. will post 3.02 earnings per share for the current fiscal year.

UGI Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors 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 4.76%. The ex-dividend date was Monday, March 17th. UGI's dividend payout ratio is 59.06%.

Insiders Place Their Bets

In other UGI news, insider Michael Sharp bought 4,806 shares of the firm's stock in a transaction dated Thursday, February 27th. The stock was acquired at an average price of $33.30 per share, with a total value of $160,039.80. Following the completion of the transaction, the insider now directly owns 4,806 shares in the company, valued at approximately $160,039.80. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.