UGI Co. (NYSE:UGI) Shares Sold by Invesco Ltd.

Invesco Ltd. lowered its stake in shares of UGI Co. (NYSE:UGI - Free Report) by 17.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,730,071 shares of the utilities provider's stock after selling 378,373 shares during the period. Invesco Ltd. owned approximately 0.81% of UGI worth $48,840,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC lifted its position in UGI by 22.4% during 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 in the last quarter. Geode Capital Management LLC boosted its position in UGI by 6.2% during the 4th 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 during the period. Federated Hermes Inc. raised its position in UGI by 25.5% in 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 period. Norges Bank purchased a new stake in shares of UGI in the fourth quarter worth about $103,115,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of UGI by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,555,075 shares of the utilities provider's stock valued at $72,130,000 after buying an additional 51,861 shares during the period. 82.34% of the stock is owned by institutional investors and hedge funds.

UGI Stock Down 1.3 %

Shares of UGI stock traded down $0.45 during trading hours on Monday, hitting $32.71. 166,164 shares of the company's stock traded hands, compared to its average volume of 2,234,492. The company has a quick ratio of 0.82, a current ratio of 1.00 and a debt-to-equity ratio of 1.44. UGI Co. has a twelve month low of $22.01 and a twelve month high of $34.49. The stock has a 50 day simple moving average of $32.59 and a 200-day simple moving average of $29.20. The company has a market cap of $7.03 billion, a PE ratio of 12.89, a PEG ratio of 2.26 and a beta of 1.05.

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 net margin of 7.73% and a return on equity of 15.19%. Equities research analysts anticipate that UGI Co. will post 3.02 earnings per share for the current fiscal year.

UGI Dividend Announcement

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

Insider Buying and Selling

In other news, insider Michael Sharp bought 4,806 shares of the business's stock in a transaction on Thursday, February 27th. The stock was purchased at an average cost of $33.30 per share, for a total transaction of $160,039.80. Following the completion of the transaction, 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate 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.