KLP Kapitalforvaltning AS Purchases Shares of 83,300 UGI Co. (NYSE:UGI)

KLP Kapitalforvaltning AS acquired a new position in shares of UGI Co. (NYSE:UGI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 83,300 shares of the utilities provider's stock, valued at approximately $2,378,000.

Other large investors have also bought and sold shares of the company. FMR LLC increased its holdings in shares of UGI by 42.0% during the third quarter. FMR LLC now owns 9,418,865 shares of the utilities provider's stock worth $235,660,000 after buying an additional 2,786,878 shares in the last quarter. Hennessy Advisors Inc. increased its holdings in UGI by 2,050.9% in the 4th quarter. Hennessy Advisors Inc. now owns 2,375,752 shares of the utilities provider's stock worth $67,067,000 after purchasing an additional 2,265,300 shares in the last quarter. Geode Capital Management LLC raised its position in UGI by 33.8% in the third quarter. Geode Capital Management LLC now owns 4,762,970 shares of the utilities provider's stock valued at $127,246,000 after purchasing an additional 1,202,938 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of UGI by 47.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,503,214 shares of the utilities provider's stock valued at $62,630,000 after purchasing an additional 808,113 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of UGI by 35.1% during the third quarter. JPMorgan Chase & Co. now owns 1,227,732 shares of the utilities provider's stock worth $30,718,000 after purchasing an additional 318,655 shares during the last quarter. 82.34% of the stock is owned by institutional investors and hedge funds.

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UGI Trading Up 0.2 %

NYSE UGI traded up $0.05 during trading hours on Monday, reaching $32.91. The company's stock had a trading volume of 489,652 shares, compared to its average volume of 2,241,605. The firm has a fifty day simple moving average of $32.26 and a 200-day simple moving average of $28.33. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.00 and a quick ratio of 0.82. UGI Co. has a 52 week low of $22.01 and a 52 week high of $34.49. The stock has a market cap of $7.07 billion, a P/E ratio of 12.94, a P/E/G ratio of 2.26 and a beta of 1.17.

UGI (NYSE:UGI - Get Free Report) last issued its quarterly 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%. Equities analysts forecast that UGI Co. will post 3.02 earnings per share for the current fiscal year.

UGI Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.50 annualized dividend and a dividend yield of 4.56%. UGI's payout ratio is 59.06%.

Insider Transactions at UGI

In other news, insider Michael Sharp bought 4,806 shares of the firm's stock in a transaction on 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 transaction, the insider now owns 4,806 shares of the company's stock, valued at $160,039.80. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.73% of the stock is owned by corporate insiders.

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.