Raymond James Financial Inc. Acquires New Shares in UGI Co. (NYSE:UGI)

Raymond James Financial Inc. purchased a new position in shares of UGI Co. (NYSE:UGI - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 241,585 shares of the utilities provider's stock, valued at approximately $6,820,000. Raymond James Financial Inc. owned approximately 0.11% of UGI at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the company. S.A. Mason LLC acquired a new stake in UGI in the 4th quarter valued at about $27,000. Golden State Wealth Management LLC acquired a new stake in shares of UGI in the fourth quarter valued at approximately $36,000. Vision Financial Markets LLC bought a new position in shares of UGI during the 4th quarter worth approximately $36,000. SBI Securities Co. Ltd. acquired a new position in shares of UGI during the 4th quarter worth approximately $37,000. Finally, UMB Bank n.a. raised its stake in UGI by 67.1% in the 4th quarter. UMB Bank n.a. now owns 1,345 shares of the utilities provider's stock valued at $38,000 after acquiring an additional 540 shares during the period. Institutional investors and hedge funds own 82.34% of the company's stock.

UGI Stock Performance

UGI stock traded down $0.47 during midday trading on Tuesday, reaching $32.68. 527,462 shares of the company were exchanged, compared to its average volume of 2,182,312. UGI Co. has a one year low of $22.01 and a one year high of $34.49. The firm has a market capitalization of $7.02 billion, a price-to-earnings ratio of 12.86, a price-to-earnings-growth ratio of 2.26 and a beta of 1.17. The business has a 50-day moving average price of $32.00 and a two-hundred day moving average price of $28.07. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.00 and a quick ratio of 0.82.

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UGI (NYSE:UGI - Get Free Report) last announced its earnings results on Wednesday, February 5th. The utilities provider reported $1.37 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%. Equities research analysts forecast that UGI Co. will post 3.02 EPS for the current year.

UGI Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.375 per share. The ex-dividend date is 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 currently 59.06%.

Insider Buying and Selling

In other news, insider Michael Sharp acquired 4,806 shares of the stock in a transaction on Thursday, February 27th. The shares were purchased at an average price of $33.30 per share, for a total transaction 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.73% of the stock is currently owned by insiders.

UGI 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.