Ontario Teachers Pension Plan Board Trims Stake in UGI Co. (NYSE:UGI)

Ontario Teachers Pension Plan Board lowered its holdings in UGI Co. (NYSE:UGI - Free Report) by 37.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 86,830 shares of the utilities provider's stock after selling 51,712 shares during the period. Ontario Teachers Pension Plan Board's holdings in UGI were worth $2,451,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Bessemer Group Inc. raised its stake in UGI by 216.7% in the fourth quarter. Bessemer Group Inc. now owns 893 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 611 shares in the last quarter. S.A. Mason LLC bought a new stake in shares of UGI during the 4th quarter worth $27,000. Flagship Wealth Advisors LLC purchased a new position in UGI in the fourth quarter worth $30,000. Golden State Wealth Management LLC bought a new position in shares of UGI during the 4th quarter valued at about $36,000. Finally, Vision Financial Markets LLC bought a new stake in UGI in the 4th quarter worth approximately $36,000. Institutional investors own 82.34% of the company's stock.

UGI Price Performance

NYSE UGI traded up $0.33 on Friday, reaching $33.13. 1,744,472 shares of the company's stock traded hands, compared to its average volume of 2,266,967. The stock has a market cap of $7.12 billion, a PE ratio of 13.04, 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 stock has a 50-day simple moving average of $32.59 and a 200 day simple moving average of $29.13. 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 (NYSE:UGI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share (EPS) 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, research analysts predict that UGI Co. will post 3.02 earnings per share for the current year.

UGI Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th were issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date was Monday, March 17th. UGI's dividend payout ratio (DPR) is presently 59.06%.

Insider Activity

In other UGI news, insider Michael Sharp purchased 4,806 shares of UGI stock in a transaction that occurred on Thursday, February 27th. The shares were 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 approximately $160,039.80. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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.