Renaissance Technologies LLC Increases Position in UGI Co. (NYSE:UGI)

Renaissance Technologies LLC raised its holdings in shares of UGI Co. (NYSE:UGI - Free Report) by 34.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,216,583 shares of the utilities provider's stock after purchasing an additional 313,000 shares during the period. Renaissance Technologies LLC owned 0.57% of UGI worth $34,344,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. FMR LLC raised its stake in UGI by 22.4% in the fourth quarter. FMR LLC now owns 11,529,202 shares of the utilities provider's stock valued at $325,469,000 after buying an additional 2,110,337 shares during the last quarter. Geode Capital Management LLC boosted its stake in UGI by 6.2% in the 4th quarter. Geode Capital Management LLC now owns 5,058,998 shares of the utilities provider's stock worth $157,200,000 after purchasing an additional 296,028 shares in the last quarter. Federated Hermes Inc. increased its stake in UGI by 25.5% during the 4th quarter. Federated Hermes Inc. now owns 4,962,740 shares of the utilities provider's stock valued at $140,098,000 after purchasing an additional 1,007,156 shares in the last quarter. Norges Bank acquired a new stake in shares of UGI during the fourth quarter worth $103,115,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of UGI by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,555,075 shares of the utilities provider's stock valued at $72,130,000 after buying an additional 51,861 shares during the last quarter. 82.34% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling at UGI

In related 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 cost of $33.30 per share, with a total value of $160,039.80. Following the completion of the acquisition, the insider now owns 4,806 shares of the company's stock, valued at $160,039.80. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.73% of the company's stock.

UGI Stock Performance

UGI traded up $0.74 on Wednesday, reaching $32.81. 2,394,517 shares of the stock were exchanged, compared to its average volume of 2,265,377. The company's 50-day moving average price is $32.52 and its 200 day moving average price is $28.99. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.00 and a quick ratio of 0.82. The firm has a market capitalization of $7.05 billion, a PE ratio of 12.92, a PEG ratio of 2.26 and a beta of 1.05. UGI Co. has a fifty-two week low of $22.01 and a fifty-two week high of $34.49.

UGI (NYSE:UGI - Get Free Report) last issued its earnings results on Wednesday, February 5th. The utilities provider reported $1.37 EPS 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%. As a group, sell-side analysts forecast that UGI Co. will post 3.02 EPS for the current fiscal year.

UGI Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th were given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 4.57%. The ex-dividend date was Monday, March 17th. UGI's dividend payout ratio is currently 59.06%.

UGI 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.