Teacher Retirement System of Texas Decreases Stake in UGI Co. (NYSE:UGI)

Teacher Retirement System of Texas lowered its position in shares of UGI Co. (NYSE:UGI - Free Report) by 64.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,910 shares of the utilities provider's stock after selling 45,801 shares during the period. Teacher Retirement System of Texas' holdings in UGI were worth $703,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

UGI Trading Down 2.5 %

UGI stock traded down $0.83 during mid-day trading on Thursday, hitting $32.88. 273,808 shares of the company were exchanged, compared to its average volume of 2,239,316. The business has a fifty day simple moving average of $32.44 and a 200-day simple moving average of $28.50. The firm has a market capitalization of $7.06 billion, a P/E ratio of 12.95, a PEG ratio of 2.26 and a beta of 1.17. UGI Co. has a 12-month low of $22.01 and a 12-month high of $34.49. The company has a quick ratio of 0.82, a current ratio of 1.00 and a debt-to-equity ratio of 1.44.

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UGI (NYSE:UGI - Get Free Report) last posted its earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share for the quarter, beating 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%. On average, equities research analysts predict that UGI Co. will post 3.02 earnings per share for the current fiscal year.

UGI Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 17th were paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 4.56%. The ex-dividend date of this dividend was Monday, March 17th. UGI's payout ratio is 59.06%.

Insider Activity at UGI

In other UGI news, insider Michael Sharp purchased 4,806 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was bought at an average price 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.73% of the stock is currently owned by company insiders.

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.