Thrivent Financial for Lutherans Purchases 290,385 Shares of UGI Co. (NYSE:UGI)

Thrivent Financial for Lutherans raised its position in shares of UGI Co. (NYSE:UGI - Free Report) by 19.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,797,648 shares of the utilities provider's stock after purchasing an additional 290,385 shares during the period. Thrivent Financial for Lutherans owned 0.84% of UGI worth $50,748,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of UGI. RD Lewis Holdings Inc. bought a new position in shares of UGI during the 4th quarter worth $380,000. Flagship Wealth Advisors LLC purchased a new stake in UGI during the fourth quarter valued at about $30,000. Corient Private Wealth LLC boosted its position in UGI by 6.1% during the fourth quarter. Corient Private Wealth LLC now owns 19,006 shares of the utilities provider's stock worth $537,000 after purchasing an additional 1,097 shares during the period. Envestnet Portfolio Solutions Inc. raised its position in shares of UGI by 9.0% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 14,556 shares of the utilities provider's stock valued at $411,000 after purchasing an additional 1,204 shares during the period. Finally, Natixis Advisors LLC lifted its stake in shares of UGI by 23.7% during the 4th quarter. Natixis Advisors LLC now owns 49,830 shares of the utilities provider's stock valued at $1,407,000 after buying an additional 9,549 shares in the last quarter. 82.34% of the stock is owned by hedge funds and other institutional investors.

UGI Stock Performance

UGI stock traded down $0.09 during mid-day trading on Monday, reaching $33.12. The company's stock had a trading volume of 1,611,536 shares, compared to its average volume of 2,182,488. The firm's fifty day moving average price is $31.92 and its two-hundred day moving average price is $28.01. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.82 and a current ratio of 1.00. UGI Co. has a 12-month low of $22.01 and a 12-month high of $34.49. The company has a market capitalization of $7.11 billion, a P/E ratio of 13.04, a PEG ratio of 2.26 and a beta of 1.17.

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UGI (NYSE:UGI - Get Free Report) last announced its quarterly 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 return on equity of 15.19% and a net margin of 7.73%. Sell-side analysts predict that UGI Co. will post 3.02 EPS for the current fiscal year.

UGI Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be given 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 4.53%. UGI's dividend payout ratio (DPR) is currently 59.06%.

Insider Transactions at UGI

In related news, insider Michael Sharp acquired 4,806 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were bought at an average cost of $33.30 per share, for a total transaction of $160,039.80. Following the completion of the transaction, the insider now owns 4,806 shares in the company, valued at approximately $160,039.80. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.73% of the company's stock.

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.