NewEdge Advisors LLC Buys 38,179 Shares of UGI Co. (NYSE:UGI)

NewEdge Advisors LLC boosted its stake in UGI Co. (NYSE:UGI - Free Report) by 41.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 129,938 shares of the utilities provider's stock after purchasing an additional 38,179 shares during the quarter. NewEdge Advisors LLC owned about 0.06% of UGI worth $3,668,000 at the end of the most recent reporting period.

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

UGI Trading Down 0.1 %

Shares of UGI stock traded down $0.04 on Wednesday, hitting $32.79. The company had a trading volume of 2,763,453 shares, compared to its average volume of 2,262,865. The stock's 50-day moving average is $32.61 and its two-hundred day moving average is $29.31. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.82 and a current ratio of 1.00. The firm has a market cap of $7.04 billion, a P/E ratio of 12.91, a P/E/G 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.

UGI (NYSE:UGI - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share (EPS) for the quarter, topping 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%. On average, 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. Shareholders of record on Monday, March 17th were issued a dividend of $0.375 per share. The ex-dividend date was Monday, March 17th. This represents a $1.50 dividend on an annualized basis and a yield of 4.57%. UGI's payout ratio is currently 59.06%.

Insider Transactions at UGI

In other UGI news, insider Michael Sharp purchased 4,806 shares of the company's stock in a transaction on Thursday, February 27th. The shares were purchased at an average cost of $33.30 per share, with a total value of $160,039.80. Following the completion of the purchase, the insider now owns 4,806 shares in the company, valued at $160,039.80. This represents 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 the SEC website. Corporate insiders own 0.73% of the company's stock.

About UGI

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.