Commonwealth Equity Services LLC Increases Stock Holdings in UGI Co. (NYSE:UGI)

Commonwealth Equity Services LLC lifted its holdings in shares of UGI Co. (NYSE:UGI - Free Report) by 9.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 350,675 shares of the utilities provider's stock after purchasing an additional 29,643 shares during the period. Commonwealth Equity Services LLC owned 0.16% of UGI worth $9,900,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in UGI. Natixis Advisors LLC boosted its position in shares of UGI by 37.8% during the 3rd quarter. Natixis Advisors LLC now owns 40,281 shares of the utilities provider's stock valued at $1,008,000 after purchasing an additional 11,040 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of UGI during the 3rd quarter valued at about $94,000. Commerce Bank bought a new stake in shares of UGI during the 3rd quarter valued at about $645,000. Advisors Asset Management Inc. boosted its position in shares of UGI by 6.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 469,701 shares of the utilities provider's stock valued at $11,752,000 after purchasing an additional 30,003 shares in the last quarter. Finally, Foundry Partners LLC bought a new stake in shares of UGI during the 3rd quarter valued at about $9,600,000. Institutional investors own 82.34% of the company's stock.

UGI Trading Down 1.3 %

Shares of UGI stock traded down $0.43 on Friday, hitting $33.19. 2,867,454 shares of the company's stock traded hands, compared to its average volume of 2,184,782. The company has a fifty day moving average of $31.92 and a two-hundred day moving average of $27.99. The company has a market capitalization of $7.13 billion, a price-to-earnings ratio of 13.07, a price-to-earnings-growth ratio of 2.26 and a beta of 1.17. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.00 and a quick ratio of 0.82. UGI Co. has a one year low of $22.01 and a one year high of $34.49.

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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 (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%. As a group, sell-side analysts expect that UGI Co. will post 3.02 earnings per share for the current year.

UGI Dividend Announcement

The company also recently declared 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 is Monday, March 17th. This represents a $1.50 annualized dividend and a yield of 4.52%. UGI's payout ratio is currently 59.06%.

Insiders Place Their Bets

In other news, insider Michael Sharp purchased 4,806 shares of the business's stock in a transaction on 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 completion of the acquisition, the insider now 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.73% of the company's stock.

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.