LPL Financial LLC lifted its holdings in shares of UGI Co. (NYSE:UGI - Free Report) by 28.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 398,820 shares of the utilities provider's stock after purchasing an additional 87,739 shares during the period. LPL Financial LLC owned 0.19% of UGI worth $11,259,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in UGI by 33.8% during the 3rd quarter. Geode Capital Management LLC now owns 4,762,970 shares of the utilities provider's stock worth $127,246,000 after buying an additional 1,202,938 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of UGI by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,555,075 shares of the utilities provider's stock worth $72,130,000 after acquiring an additional 51,861 shares during the last quarter. Hennessy Advisors Inc. lifted its position in UGI by 2,050.9% in the 4th quarter. Hennessy Advisors Inc. now owns 2,375,752 shares of the utilities provider's stock valued at $67,067,000 after acquiring an additional 2,265,300 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in UGI by 19.3% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,797,648 shares of the utilities provider's stock valued at $50,748,000 after purchasing an additional 290,385 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in UGI by 35.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,227,732 shares of the utilities provider's stock worth $30,718,000 after purchasing an additional 318,655 shares in the last quarter. Institutional investors and hedge funds own 82.34% of the company's stock.
UGI Stock Down 1.5 %
Shares of UGI stock traded down $0.45 during trading hours on Tuesday, reaching $30.07. The company had a trading volume of 2,312,155 shares, compared to its average volume of 2,260,265. The company has a market cap of $6.46 billion, a price-to-earnings ratio of 11.84, a price-to-earnings-growth ratio of 2.26 and a beta of 1.05. 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 12 month low of $22.01 and a 12 month high of $34.49. The business has a fifty day simple moving average of $32.49 and a 200-day simple moving average of $28.74.
UGI (NYSE:UGI - Get Free Report) last issued its quarterly earnings data 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%. On average, research analysts expect that UGI Co. will post 3.02 earnings per share for the current fiscal year.
UGI Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 17th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.99%. The ex-dividend date of this dividend was Monday, March 17th. UGI's payout ratio is 59.06%.
Insider Buying and Selling
In related news, insider Michael Sharp purchased 4,806 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were bought at an average price 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 $160,039.80. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.73% of the stock is currently owned by corporate insiders.
About UGI
(
Free Report)
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.
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