First National Trust Co Boosts Stake in UGI Co. (NYSE:UGI)

First National Trust Co grew its position in UGI Co. (NYSE:UGI - Free Report) by 78.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,471 shares of the utilities provider's stock after buying an additional 20,400 shares during the quarter. First National Trust Co's holdings in UGI were worth $1,312,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Venturi Wealth Management LLC grew its stake in UGI by 1,537.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 3,258 shares of the utilities provider's stock worth $82,000 after purchasing an additional 3,059 shares in the last quarter. Entropy Technologies LP grew its stake in UGI by 217.1% during the 3rd quarter. Entropy Technologies LP now owns 32,429 shares of the utilities provider's stock worth $811,000 after purchasing an additional 22,201 shares in the last quarter. Victory Capital Management Inc. grew its stake in UGI by 9.0% during the 3rd quarter. Victory Capital Management Inc. now owns 1,471,142 shares of the utilities provider's stock worth $36,808,000 after purchasing an additional 121,039 shares in the last quarter. KBC Group NV grew its stake in UGI by 7.5% during the 3rd quarter. KBC Group NV now owns 104,291 shares of the utilities provider's stock worth $2,609,000 after purchasing an additional 7,274 shares in the last quarter. Finally, Connable Office Inc. acquired a new position in UGI during the 3rd quarter worth $251,000. 82.34% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at UGI

In other news, insider Michael Sharp bought 4,806 shares of UGI stock in a transaction dated Thursday, February 27th. The stock was acquired at an average cost of $33.30 per share, with a total value of $160,039.80. Following the acquisition, the insider now owns 4,806 shares of the company's stock, valued at approximately $160,039.80. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.73% of the company's stock.

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UGI Stock Up 0.7 %

Shares of NYSE:UGI traded up $0.23 on Wednesday, hitting $33.15. 2,577,948 shares of the company's stock were exchanged, compared to its average volume of 2,170,028. The firm's 50-day moving average is $31.62 and its 200 day moving average is $27.84. The company has a market capitalization of $7.12 billion, a PE ratio of 13.05, a P/E/G 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. 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 (NYSE:UGI - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share (EPS) for the quarter, topping 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 year.

UGI Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a dividend yield of 4.52%. UGI's dividend payout ratio is currently 59.06%.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group started coverage on UGI in a research note on Friday, November 22nd. They set a "buy" rating and a $28.00 target price for the company.

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.