Vanguard Group Inc. Has $798.58 Million Stock Holdings in UGI Co. (NYSE:UGI)

Vanguard Group Inc. lessened its stake in shares of UGI Co. (NYSE:UGI - Free Report) by 0.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,288,195 shares of the utilities provider's stock after selling 60,743 shares during the period. Vanguard Group Inc. owned about 13.18% of UGI worth $798,576,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its stake in UGI by 47.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,503,214 shares of the utilities provider's stock worth $62,630,000 after purchasing an additional 808,113 shares during the period. Citigroup Inc. lifted its holdings in shares of UGI by 33.0% in the third quarter. Citigroup Inc. now owns 203,313 shares of the utilities provider's stock valued at $5,087,000 after purchasing an additional 50,485 shares in the last quarter. Cerity Partners LLC purchased a new position in shares of UGI during the third quarter valued at $1,340,000. Daiwa Securities Group Inc. grew its stake in UGI by 75.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 10,000 shares of the utilities provider's stock valued at $250,000 after acquiring an additional 4,300 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in UGI by 199.7% in the 3rd quarter. Bank of Montreal Can now owns 110,275 shares of the utilities provider's stock valued at $2,749,000 after buying an additional 73,485 shares during the period. 82.34% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity

In other UGI news, insider Michael Sharp bought 4,806 shares of the stock in a transaction on Thursday, February 27th. The shares were purchased 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 of the company's stock, valued at $160,039.80. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.73% of the company's stock.

UGI Stock Down 2.5 %

Shares of NYSE:UGI traded down $0.83 during midday trading on Thursday, hitting $32.88. 304,153 shares of the stock were exchanged, compared to its average volume of 2,038,224. The company has a market capitalization of $7.06 billion, a PE ratio of 12.94, a P/E/G ratio of 2.26 and a beta of 1.17. 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 business's fifty day simple moving average is $32.44 and its two-hundred day simple moving average is $28.50.

UGI (NYSE:UGI - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.16. UGI had a net margin of 7.73% and a return on equity of 15.19%. As a group, research analysts predict that UGI Co. will post 3.02 earnings per share for the current fiscal year.

UGI Announces Dividend

The business also recently declared 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. The ex-dividend date was Monday, March 17th. This represents a $1.50 annualized dividend and a yield of 4.56%. UGI's dividend payout ratio (DPR) is presently 59.06%.

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.