UGI Co. (NYSE:UGI) Shares Acquired by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lifted its position in UGI Co. (NYSE:UGI - Free Report) by 5,776.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,739,419 shares of the utilities provider's stock after purchasing an additional 1,709,820 shares during the period. Pictet Asset Management Holding SA owned 0.81% of UGI worth $49,104,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of UGI. S.A. Mason LLC bought a new stake in UGI during the 4th quarter valued at $27,000. Flagship Wealth Advisors LLC bought a new stake in shares of UGI in the fourth quarter valued at about $30,000. Golden State Wealth Management LLC purchased a new stake in UGI in the fourth quarter worth about $36,000. Vision Financial Markets LLC bought a new position in shares of UGI during the fourth quarter valued at approximately $36,000. Finally, SBI Securities Co. Ltd. purchased a new position in shares of UGI in the 4th quarter valued at $37,000. Institutional investors own 82.34% of the company's stock.

Insider Activity

In other UGI news, insider Michael Sharp bought 4,806 shares of UGI stock in a transaction that occurred on Thursday, February 27th. The shares were bought at an average cost of $33.30 per share, with a total value of $160,039.80. Following the transaction, the insider now directly owns 4,806 shares of the company's stock, valued at approximately $160,039.80. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.73% of the company's stock.

UGI Stock Down 2.6 %

UGI stock traded down $0.89 during trading on Thursday, reaching $32.82. 431,400 shares of the company traded hands, compared to its average volume of 2,041,117. The business has a 50 day simple moving average of $32.44 and a 200 day simple moving average of $28.50. UGI Co. has a 12 month low of $22.01 and a 12 month high of $34.49. 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 company has a market capitalization of $7.05 billion, a price-to-earnings ratio of 12.92, a price-to-earnings-growth ratio of 2.26 and a beta of 1.17.

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 for the quarter, beating 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%. 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. Stockholders of record on Monday, March 17th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date of this dividend was Monday, March 17th. UGI's payout ratio is presently 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.