Wells Fargo & Company MN Trims Stock Holdings in UGI Co. (NYSE:UGI)

Wells Fargo & Company MN lessened its stake in UGI Co. (NYSE:UGI - Free Report) by 51.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 312,295 shares of the utilities provider's stock after selling 330,379 shares during the period. Wells Fargo & Company MN owned about 0.15% of UGI worth $8,816,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted 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 buying an additional 318,655 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of UGI by 254.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 181,687 shares of the utilities provider's stock worth $5,138,000 after buying an additional 130,407 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of UGI by 2.1% during 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 buying an additional 51,861 shares during the period. Bleakley Financial Group LLC acquired a new stake in UGI in the fourth quarter valued at approximately $253,000. Finally, Everence Capital Management Inc. purchased a new position in UGI in the fourth quarter worth approximately $593,000. Hedge funds and other institutional investors own 82.34% of the company's stock.

Insiders Place Their Bets

In related news, insider Michael Sharp bought 4,806 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The shares were purchased at an average cost of $33.30 per share, with a total value of $160,039.80. Following the transaction, the insider now directly owns 4,806 shares of the company's stock, valued at approximately $160,039.80. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.73% of the stock is owned by corporate insiders.

UGI Stock Up 0.5 %

NYSE UGI traded up $0.15 on Wednesday, hitting $32.98. 276,657 shares of the stock were exchanged, compared to its average volume of 2,147,021. UGI Co. has a fifty-two week low of $22.01 and a fifty-two week high of $34.49. The company has a 50-day moving average price of $32.60 and a 200-day moving average price of $29.28. The company has a market cap of $7.08 billion, a PE ratio of 12.98, a PEG ratio of 2.26 and a beta of 1.05. The company has a quick ratio of 0.82, a current ratio of 1.00 and a debt-to-equity ratio of 1.44.

UGI (NYSE:UGI - Get Free Report) last posted its earnings results on Wednesday, February 5th. The utilities provider reported $1.37 EPS 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%. Sell-side analysts anticipate that UGI Co. will post 3.02 EPS 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 paid a $0.375 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.50 annualized dividend and a yield of 4.55%. UGI's dividend payout ratio is currently 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.