UGI Co. (NYSE:UGI) Shares Sold by Bank of Montreal Can

Bank of Montreal Can lowered its holdings in UGI Co. (NYSE:UGI - Free Report) by 14.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 93,848 shares of the utilities provider's stock after selling 16,427 shares during the quarter. Bank of Montreal Can's holdings in UGI were worth $2,649,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Cerity Partners LLC lifted its holdings in UGI by 14.8% during the fourth quarter. Cerity Partners LLC now owns 61,471 shares of the utilities provider's stock worth $1,687,000 after buying an additional 7,933 shares during the period. FMR LLC raised its position in shares of UGI by 22.4% in the 4th quarter. FMR LLC now owns 11,529,202 shares of the utilities provider's stock worth $325,469,000 after acquiring an additional 2,110,337 shares in the last quarter. Federated Hermes Inc. lifted its stake in shares of UGI by 25.5% during the 4th quarter. Federated Hermes Inc. now owns 4,962,740 shares of the utilities provider's stock worth $140,098,000 after purchasing an additional 1,007,156 shares during the last quarter. Waterloo Capital L.P. purchased a new position in UGI in the fourth quarter valued at about $1,405,000. Finally, Grantham Mayo Van Otterloo & Co. LLC bought a new position in UGI in the fourth quarter worth about $423,000. Hedge funds and other institutional investors own 82.34% of the company's stock.

UGI Stock Up 1.2 %

Shares of NYSE:UGI traded up $0.40 during trading on Tuesday, reaching $32.81. The stock had a trading volume of 7,481,194 shares, compared to its average volume of 2,259,069. The firm's 50-day simple moving average is $32.60 and its 200 day simple moving average is $29.28. 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 Co. has a one year low of $22.01 and a one year high of $34.49. The company has a market capitalization of $7.05 billion, a P/E ratio of 12.92, a PEG ratio of 2.26 and a beta of 1.05.

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

UGI Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 17th were paid a dividend of $0.375 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.50 annualized dividend and a yield of 4.57%. UGI's dividend payout ratio (DPR) is 59.06%.

Insider Activity at UGI

In related news, insider Michael Sharp bought 4,806 shares of the company's 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 transaction, the insider now owns 4,806 shares in the company, valued at approximately $160,039.80. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.73% of the stock is currently owned by corporate 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.