241,585 Shares in UGI Co. (NYSE:UGI) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in shares of UGI Co. (NYSE:UGI - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 241,585 shares of the utilities provider's stock, valued at approximately $6,820,000. Raymond James Financial Inc. owned 0.11% of UGI as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. FMR LLC raised its position in UGI by 22.4% in the fourth quarter. FMR LLC now owns 11,529,202 shares of the utilities provider's stock valued at $325,469,000 after purchasing 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 acquiring an additional 296,028 shares during the period. Federated Hermes Inc. grew its position in UGI by 25.5% in the fourth quarter. Federated Hermes Inc. now owns 4,962,740 shares of the utilities provider's stock valued at $140,098,000 after acquiring an additional 1,007,156 shares in the last quarter. Norges Bank acquired a new position in shares of UGI during the fourth quarter worth $103,115,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of UGI by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,555,075 shares of the utilities provider's stock valued at $72,130,000 after purchasing an additional 51,861 shares during the period. 82.34% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at UGI

In related news, insider Michael Sharp bought 4,806 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was bought at an average cost of $33.30 per share, for a total transaction of $160,039.80. Following the completion of the purchase, the insider now directly owns 4,806 shares in the company, valued at approximately $160,039.80. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.73% of the company's stock.

UGI Stock Up 0.0 %

UGI stock traded up $0.01 during midday trading on Tuesday, hitting $32.69. 145,709 shares of the stock were exchanged, compared to its average volume of 2,250,065. 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 50 day moving average price of $32.61 and a two-hundred day moving average price of $29.57. The firm has a market cap of $7.02 billion, a P/E ratio of 12.87, a P/E/G ratio of 2.26 and a beta of 1.05. UGI Co. has a 1 year low of $22.01 and a 1 year high of $34.49.

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, 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%. On average, sell-side analysts predict that UGI Co. will post 3.02 earnings per share for the current fiscal year.

UGI Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th were paid 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 4.59%. UGI's dividend payout ratio (DPR) 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.