UGI Co. (NYSE:UGI) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in UGI Co. (NYSE:UGI - Free Report) by 31.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 61,286 shares of the utilities provider's stock after buying an additional 14,504 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in UGI were worth $1,730,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. S.A. Mason LLC acquired a new stake in shares of UGI during the 4th quarter worth approximately $27,000. Golden State Wealth Management LLC acquired a new stake in shares of UGI during the 4th quarter worth approximately $36,000. Vision Financial Markets LLC acquired a new stake in shares of UGI during the 4th quarter worth approximately $36,000. SBI Securities Co. Ltd. acquired a new stake in shares of UGI during the 4th quarter worth approximately $37,000. Finally, UMB Bank n.a. grew its stake in shares of UGI by 67.1% during the 4th quarter. UMB Bank n.a. now owns 1,345 shares of the utilities provider's stock worth $38,000 after purchasing an additional 540 shares during the period. Institutional investors and hedge funds own 82.34% of the company's stock.

UGI Price Performance

Shares of NYSE:UGI traded down $0.43 during midday trading on Friday, reaching $33.19. 2,862,463 shares of the company's stock traded hands, compared to its average volume of 2,179,355. The company has a fifty day simple moving average of $31.82 and a two-hundred day simple moving average of $27.91. 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 company has a market cap of $7.13 billion, a P/E ratio of 13.07, a PEG ratio of 2.26 and a beta of 1.17. UGI Co. has a 1 year low of $22.01 and a 1 year high of $34.49.

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UGI (NYSE:UGI - Get Free Report) last announced 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%. Equities analysts predict that UGI Co. will post 3.02 EPS for the current fiscal year.

UGI Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.50 dividend on an annualized basis and a yield of 4.52%. UGI's payout ratio is currently 59.06%.

Analyst Ratings Changes

Separately, Jefferies Financial Group assumed coverage on shares of UGI in a research note on Friday, November 22nd. They set a "buy" rating and a $28.00 price objective on the stock.

Insider Buying and Selling at UGI

In related news, insider Michael Sharp purchased 4,806 shares of UGI stock in a transaction dated Thursday, February 27th. The shares were acquired at an average price of $33.30 per share, for a total transaction of $160,039.80. Following the acquisition, the insider now directly owns 4,806 shares in the company, valued at approximately $160,039.80. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.73% of the stock is currently owned by insiders.

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.