Neuberger Berman Group LLC Has $44.05 Million Stock Position in UGI Co. (NYSE:UGI)

Neuberger Berman Group LLC lifted its stake in shares of UGI Co. (NYSE:UGI - Free Report) by 5,215.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,560,265 shares of the utilities provider's stock after acquiring an additional 1,530,911 shares during the period. Neuberger Berman Group LLC owned approximately 0.73% of UGI worth $44,046,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in UGI. AIA Group Ltd lifted its stake in UGI by 1.8% in the 4th quarter. AIA Group Ltd now owns 18,047 shares of the utilities provider's stock valued at $509,000 after acquiring an additional 323 shares in the last quarter. US Bancorp DE raised its position in shares of UGI by 3.7% in the fourth quarter. US Bancorp DE now owns 10,826 shares of the utilities provider's stock valued at $306,000 after purchasing an additional 388 shares during the period. Hourglass Capital LLC boosted its holdings in shares of UGI by 0.6% during the fourth quarter. Hourglass Capital LLC now owns 82,520 shares of the utilities provider's stock worth $2,330,000 after acquiring an additional 470 shares during the period. Wright Investors Service Inc. increased its stake in UGI by 1.3% in the fourth quarter. Wright Investors Service Inc. now owns 37,206 shares of the utilities provider's stock valued at $1,050,000 after acquiring an additional 484 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its position in shares of UGI by 15.1% during the 4th quarter. Venturi Wealth Management LLC now owns 3,749 shares of the utilities provider's stock worth $106,000 after buying an additional 491 shares during the last quarter. 82.34% of the stock is owned by institutional investors.

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Insider Activity

In other UGI news, insider Michael Sharp purchased 4,806 shares of the firm'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 acquisition, the insider now owns 4,806 shares in the company, valued at approximately $160,039.80. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.73% of the company's stock.

UGI Price Performance

Shares of NYSE UGI traded up $0.07 during mid-day trading on Tuesday, hitting $32.06. 1,749,669 shares of the stock traded hands, compared to its average volume of 2,264,920. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.00 and a quick ratio of 0.82. The company has a market cap of $6.89 billion, a PE ratio of 12.62, a price-to-earnings-growth ratio of 2.26 and a beta of 1.05. UGI Co. has a twelve month low of $22.01 and a twelve month high of $34.49. The firm has a 50 day simple moving average of $32.52 and a two-hundred day simple moving average of $28.97.

UGI (NYSE:UGI - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share for the quarter, beating analysts' consensus estimates of $1.21 by $0.16. UGI had a return on equity of 15.19% and a net margin of 7.73%. As a group, equities research analysts forecast that UGI Co. will post 3.02 EPS for the current fiscal year.

UGI Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th were given a $0.375 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.68%. UGI's dividend payout ratio (DPR) 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.