UGI Co. (NYSE:UGI) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lessened its holdings in UGI Co. (NYSE:UGI - Free Report) by 10.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 80,633 shares of the utilities provider's stock after selling 9,680 shares during the period. Envestnet Asset Management Inc.'s holdings in UGI were worth $2,276,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of UGI. JPMorgan Chase & Co. boosted its stake in UGI by 35.1% during the third quarter. JPMorgan Chase & Co. now owns 1,227,732 shares of the utilities provider's stock worth $30,718,000 after buying an additional 318,655 shares during the period. Allspring Global Investments Holdings LLC raised its position in UGI by 254.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 181,687 shares of the utilities provider's stock worth $5,138,000 after purchasing an additional 130,407 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in 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 worth $72,130,000 after purchasing an additional 51,861 shares during the last quarter. Bleakley Financial Group LLC purchased a new position in shares of UGI during the fourth quarter valued at approximately $253,000. Finally, Everence Capital Management Inc. bought a new position in shares of UGI during the fourth quarter valued at approximately $593,000. Hedge funds and other institutional investors own 82.34% of the company's stock.

UGI Trading Up 0.3 %

Shares of UGI traded up $0.09 during trading hours on Tuesday, reaching $32.77. 2,692,111 shares of the company traded hands, compared to its average volume of 2,260,130. The firm has a market cap of $7.04 billion, a price-to-earnings ratio of 12.90, a PEG ratio of 2.26 and a beta of 1.05. UGI Co. has a 12-month low of $22.01 and a 12-month high of $34.49. The stock's fifty day moving average price is $32.61 and its 200 day moving average price is $29.57. The company has a current ratio of 1.00, a quick ratio of 0.82 and a debt-to-equity ratio of 1.44.

UGI (NYSE:UGI - Get Free Report) last issued its earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share 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 forecast that UGI Co. will post 3.02 earnings per share for the current year.

UGI Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.50 dividend on an annualized basis and a yield of 4.58%. UGI's payout ratio is 59.06%.

Insider Buying and Selling at UGI

In other UGI news, insider Michael Sharp acquired 4,806 shares of the firm's stock in a transaction dated Thursday, February 27th. The stock was purchased at an average price of $33.30 per share, for a total transaction of $160,039.80. Following the acquisition, the insider now owns 4,806 shares in the company, valued at approximately $160,039.80. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.73% of the stock is owned by insiders.

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.