UGI Co. (NYSE:UGI) Stock Position Reduced by Pinebridge Investments L.P.

Pinebridge Investments L.P. lessened its position in shares of UGI Co. (NYSE:UGI - Free Report) by 39.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 121,113 shares of the utilities provider's stock after selling 78,826 shares during the period. Pinebridge Investments L.P. owned approximately 0.06% of UGI worth $3,419,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in UGI. Altshuler Shaham Ltd purchased a new stake in shares of UGI in the fourth quarter worth about $25,000. Bessemer Group Inc. boosted its holdings in UGI by 216.7% in the fourth quarter. Bessemer Group Inc. now owns 893 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 611 shares during the last quarter. S.A. Mason LLC purchased a new position in UGI in the fourth quarter valued at about $27,000. GeoWealth Management LLC purchased a new position in UGI in the fourth quarter valued at about $27,000. Finally, Flagship Wealth Advisors LLC purchased a new position in UGI in the fourth quarter valued at about $30,000. Hedge funds and other institutional investors own 82.34% of the company's stock.

UGI Stock Up 0.1 %

UGI traded up $0.04 on Monday, reaching $32.67. The company's stock had a trading volume of 1,533,892 shares, compared to its average volume of 2,258,403. The stock has a market cap of $7.02 billion, a price-to-earnings ratio of 12.86, a price-to-earnings-growth ratio of 2.26 and a beta of 1.05. UGI Co. has a 1 year low of $22.01 and a 1 year high of $34.49. 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 business's 50 day moving average is $32.61 and its 200 day moving average is $29.57.

UGI (NYSE:UGI - Get Free Report) last issued its quarterly 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, research analysts forecast that UGI Co. will post 3.02 EPS for the current fiscal year.

UGI Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th were issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date of this dividend was Monday, March 17th. UGI's dividend payout ratio is presently 59.06%.

Insiders Place Their Bets

In other news, insider Michael Sharp bought 4,806 shares of UGI 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 acquisition, the insider now directly owns 4,806 shares in the company, valued at approximately $160,039.80. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.73% of the stock is currently owned by company insiders.

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.