Bank of Nova Scotia Purchases New Shares in UGI Co. (NYSE:UGI)

Bank of Nova Scotia acquired a new stake in UGI Co. (NYSE:UGI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 182,600 shares of the utilities provider's stock, valued at approximately $5,155,000. Bank of Nova Scotia owned approximately 0.09% of UGI at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in UGI. S.A. Mason LLC purchased a new position in UGI during the fourth quarter worth about $27,000. Flagship Wealth Advisors LLC acquired a new position in UGI during the 4th quarter valued at approximately $30,000. Golden State Wealth Management LLC bought a new stake in shares of UGI during the fourth quarter valued at approximately $36,000. Vision Financial Markets LLC acquired a new position in UGI during the 4th quarter valued at about $36,000. Finally, SBI Securities Co. Ltd. bought a new position in UGI during the fourth quarter valued at about $37,000. Hedge funds and other institutional investors own 82.34% of the company's stock.

UGI Trading Up 2.0 %

Shares of NYSE:UGI traded up $0.66 during midday trading on Thursday, reaching $33.46. The company had a trading volume of 490,560 shares, compared to its average volume of 2,261,726. 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 quick ratio of 0.82 and a current ratio of 1.00. The firm has a market cap of $7.19 billion, a price-to-earnings ratio of 13.13, a price-to-earnings-growth ratio of 2.26 and a beta of 1.05. The company has a fifty day simple moving average of $32.54 and a two-hundred day simple moving average of $29.02.

UGI (NYSE:UGI - Get Free Report) last posted 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 return on equity of 15.19% and a net margin of 7.73%. Research analysts predict that UGI Co. will post 3.02 earnings per share for the current year.

UGI Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders 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 dividend yield of 4.48%. UGI's dividend payout ratio (DPR) is currently 59.06%.

Insider Buying and Selling at UGI

In related news, insider Michael Sharp acquired 4,806 shares of the stock in a transaction dated Thursday, February 27th. The stock was bought at an average price of $33.30 per share, with a total value of $160,039.80. Following the completion of the transaction, the insider now directly owns 4,806 shares of the company's stock, valued at approximately $160,039.80. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.73% of the company's stock.

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.