Mariner LLC Raises Holdings in UGI Co. (NYSE:UGI)

Mariner LLC grew its holdings in shares of UGI Co. (NYSE:UGI - Free Report) by 68.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,273 shares of the utilities provider's stock after acquiring an additional 19,656 shares during the period. Mariner LLC's holdings in UGI were worth $1,363,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of UGI. FMR LLC boosted its holdings in UGI by 22.4% in the 4th quarter. FMR LLC now owns 11,529,202 shares of the utilities provider's stock worth $325,469,000 after buying an additional 2,110,337 shares during the period. Geode Capital Management LLC boosted its holdings in UGI by 6.2% in the 4th quarter. Geode Capital Management LLC now owns 5,058,998 shares of the utilities provider's stock worth $157,200,000 after buying an additional 296,028 shares during the period. Federated Hermes Inc. boosted its holdings in UGI by 25.5% in the 4th quarter. Federated Hermes Inc. now owns 4,962,740 shares of the utilities provider's stock worth $140,098,000 after buying an additional 1,007,156 shares during the period. LSV Asset Management boosted its holdings in UGI by 10.0% in the 4th quarter. LSV Asset Management now owns 3,786,293 shares of the utilities provider's stock worth $106,887,000 after buying an additional 343,942 shares during the period. Finally, Norges Bank bought a new position in UGI in the 4th quarter worth $103,115,000. Institutional investors own 82.34% of the company's stock.

Insider Activity at UGI

In other UGI news, insider Michael Sharp acquired 4,806 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The stock was bought at an average price of $33.30 per share, for a total transaction of $160,039.80. Following the acquisition, the insider now directly owns 4,806 shares in the company, valued at $160,039.80. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.73% of the stock is owned by company insiders.

UGI Price Performance

UGI stock traded up $0.04 during mid-day trading on Monday, hitting $32.67. The company had a trading volume of 1,533,892 shares, compared to its average volume of 2,258,403. The company has a market capitalization of $7.02 billion, a price-to-earnings ratio of 12.86, a P/E/G ratio of 2.26 and a beta of 1.05. UGI Co. has a 12-month low of $22.01 and a 12-month high of $34.49. The company has a quick ratio of 0.82, a current ratio of 1.00 and a debt-to-equity ratio of 1.44. The company has a 50-day moving average price of $32.61 and a 200 day moving average price of $29.57.

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

UGI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors 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 yield of 4.59%. The ex-dividend date was Monday, March 17th. UGI's 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.