Hsbc Holdings PLC Buys 39,780 Shares of UGI Co. (NYSE:UGI)

Hsbc Holdings PLC grew its stake in shares of UGI Co. (NYSE:UGI - Free Report) by 9.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 442,005 shares of the utilities provider's stock after buying an additional 39,780 shares during the quarter. Hsbc Holdings PLC owned approximately 0.21% of UGI worth $12,445,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Altshuler Shaham Ltd acquired a new position in UGI in the 4th quarter worth about $25,000. Bessemer Group Inc. increased its stake in shares of UGI by 216.7% in the fourth quarter. Bessemer Group Inc. now owns 893 shares of the utilities provider's stock valued at $25,000 after buying an additional 611 shares during the period. S.A. Mason LLC bought a new position in shares of UGI during the fourth quarter worth about $27,000. GeoWealth Management LLC acquired a new position in shares of UGI in the fourth quarter worth approximately $27,000. Finally, Flagship Wealth Advisors LLC acquired a new stake in UGI during the 4th quarter valued at approximately $30,000. 82.34% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Michael Sharp acquired 4,806 shares of UGI stock in a transaction dated Thursday, February 27th. The stock was bought at an average price of $33.30 per share, with a total value of $160,039.80. Following the transaction, the insider now directly owns 4,806 shares in the company, valued at $160,039.80. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 0.73% of the stock is currently owned by corporate insiders.

UGI Stock Down 0.1 %

UGI stock opened at $32.66 on Monday. The firm has a 50 day moving average price of $32.61 and a two-hundred day moving average price of $29.51. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.82 and a current ratio of 1.00. UGI Co. has a 52-week low of $22.01 and a 52-week high of $34.49. The firm has a market cap of $7.02 billion, a price-to-earnings ratio of 12.86, a PEG ratio of 2.26 and a beta of 1.05.

UGI (NYSE:UGI - Get Free Report) last announced its 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 net margin of 7.73% and a return on equity of 15.19%. Equities analysts predict that UGI Co. will post 3.02 EPS for the current year.

UGI Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 17th were paid a dividend of $0.375 per share. The ex-dividend date was Monday, March 17th. This represents a $1.50 annualized dividend and a yield of 4.59%. UGI's dividend payout ratio is currently 59.06%.

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.

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