Xponance Inc. Grows Stake in UGI Co. (NYSE:UGI)

Xponance Inc. grew its holdings in UGI Co. (NYSE:UGI - Free Report) by 47.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,038 shares of the utilities provider's stock after purchasing an additional 11,020 shares during the quarter. Xponance Inc.'s holdings in UGI were worth $961,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in UGI. FMR LLC raised its stake in shares of UGI by 42.0% in the third quarter. FMR LLC now owns 9,418,865 shares of the utilities provider's stock worth $235,660,000 after purchasing an additional 2,786,878 shares during the last quarter. Geode Capital Management LLC increased its holdings in UGI by 33.8% in the 3rd quarter. Geode Capital Management LLC now owns 4,762,970 shares of the utilities provider's stock worth $127,246,000 after acquiring an additional 1,202,938 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of UGI by 2.1% in 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 purchasing an additional 51,861 shares during the period. Hennessy Advisors Inc. lifted its position in shares of UGI by 2,050.9% during the fourth quarter. Hennessy Advisors Inc. now owns 2,375,752 shares of the utilities provider's stock worth $67,067,000 after acquiring an additional 2,265,300 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in UGI by 19.3% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,797,648 shares of the utilities provider's stock worth $50,748,000 after purchasing an additional 290,385 shares during the period. 82.34% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling

In other news, insider Michael Sharp bought 4,806 shares of the stock in a transaction 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 completion of the acquisition, the insider now owns 4,806 shares in the company, valued at $160,039.80. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.73% of the stock is owned by company insiders.

UGI Price Performance

NYSE UGI traded down $0.47 on Tuesday, hitting $32.67. The stock had a trading volume of 621,846 shares, compared to its average volume of 2,182,312. 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 Co. has a 52-week low of $22.01 and a 52-week high of $34.49. The company has a market capitalization of $7.02 billion, a price-to-earnings ratio of 12.87, a price-to-earnings-growth ratio of 2.26 and a beta of 1.17. The firm has a 50-day moving average of $32.00 and a 200-day moving average of $28.07.

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

UGI Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date of this dividend is Monday, March 17th. UGI's payout ratio is 59.06%.

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.