Sterling Capital Management LLC Sells 9,021 Shares of UGI Co. (NYSE:UGI)

Sterling Capital Management LLC decreased its stake in UGI Co. (NYSE:UGI - Free Report) by 41.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,537 shares of the utilities provider's stock after selling 9,021 shares during the quarter. Sterling Capital Management LLC's holdings in UGI were worth $354,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In other news, insider Michael Sharp bought 4,806 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average price of $33.30 per share, with a total value of $160,039.80. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.73% of the company's stock.

UGI Price Performance

Shares of NYSE UGI traded down $0.08 during trading on Thursday, reaching $32.67. The company had a trading volume of 907,438 shares, compared to its average volume of 2,162,460. UGI Co. has a 52 week low of $22.01 and a 52 week 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 business's 50 day moving average price is $32.61 and its 200-day moving average price is $29.31. The stock has a market cap of $7.02 billion, a PE ratio of 12.86, a PEG ratio of 2.26 and a beta of 1.05.

UGI (NYSE:UGI - Get Free Report) last issued its quarterly 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%. Analysts expect that UGI Co. will post 3.02 earnings per share for the current year.

UGI Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 17th were given a $0.375 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.50 annualized dividend and a yield of 4.59%. UGI's dividend payout ratio is currently 59.06%.

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.