Greenland Capital Management LP Takes $289,000 Position in UGI Co. (NYSE:UGI)

Greenland Capital Management LP acquired a new stake in UGI Co. (NYSE:UGI - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 10,230 shares of the utilities provider's stock, valued at approximately $289,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. FMR LLC raised its holdings in shares of UGI by 22.4% in the fourth quarter. FMR LLC now owns 11,529,202 shares of the utilities provider's stock valued at $325,469,000 after buying an additional 2,110,337 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of UGI by 6.2% during the fourth quarter. Geode Capital Management LLC now owns 5,058,998 shares of the utilities provider's stock worth $157,200,000 after purchasing an additional 296,028 shares in the last quarter. Federated Hermes Inc. grew its stake in shares of UGI by 25.5% during the fourth quarter. Federated Hermes Inc. now owns 4,962,740 shares of the utilities provider's stock valued at $140,098,000 after purchasing an additional 1,007,156 shares during the last quarter. Norges Bank acquired a new stake in shares of UGI in the fourth quarter valued at approximately $103,115,000. Finally, Charles Schwab Investment Management Inc. raised its position in UGI by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,555,075 shares of the utilities provider's stock worth $72,130,000 after purchasing an additional 51,861 shares during the last quarter. Institutional investors and hedge funds own 82.34% of the company's stock.

UGI Trading Up 0.7 %

UGI traded up $0.22 during mid-day trading on Monday, reaching $31.74. The stock had a trading volume of 281,100 shares, compared to its average volume of 2,099,535. The stock has a market capitalization of $6.82 billion, a P/E ratio of 12.50, a P/E/G ratio of 2.26 and a beta of 1.05. UGI Co. has a 52 week low of $22.01 and a 52 week high of $34.49. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.82 and a current ratio of 1.00. The firm's fifty day simple moving average is $32.51 and its two-hundred day simple moving average is $28.92.

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UGI (NYSE:UGI - Get Free Report) last posted its quarterly earnings results 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%. On average, equities analysts predict that UGI Co. will post 3.02 EPS for the current year.

UGI Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th were paid 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 4.73%. UGI's payout ratio is presently 59.06%.

Insiders Place Their Bets

In related news, insider Michael Sharp acquired 4,806 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The stock was acquired at an average cost of $33.30 per share, with a total value of $160,039.80. Following the completion of the purchase, the insider now directly owns 4,806 shares in the company, valued at approximately $160,039.80. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.73% of the company's stock.

UGI 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.