UGI Co. (NYSE:UGI) Shares Sold by Comerica Bank

Comerica Bank decreased its position in shares of UGI Co. (NYSE:UGI - Free Report) by 9.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 148,598 shares of the utilities provider's stock after selling 14,697 shares during the period. Comerica Bank owned 0.07% of UGI worth $4,195,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Altshuler Shaham Ltd purchased a new stake in shares of UGI during the fourth quarter worth approximately $25,000. Bessemer Group Inc. raised its position in UGI by 216.7% during the 4th quarter. Bessemer Group Inc. now owns 893 shares of the utilities provider's stock worth $25,000 after buying an additional 611 shares during the last quarter. S.A. Mason LLC acquired a new stake in shares of UGI in the 4th quarter worth $27,000. GeoWealth Management LLC acquired a new position in shares of UGI during the fourth quarter worth about $27,000. Finally, Flagship Wealth Advisors LLC purchased a new position in UGI during the fourth quarter worth about $30,000. 82.34% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Michael Sharp bought 4,806 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The stock was purchased at an average price of $33.30 per share, with a total value of $160,039.80. Following the purchase, the insider now owns 4,806 shares of the company's stock, valued at $160,039.80. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 0.73% of the stock is currently owned by company insiders.

UGI Stock Performance

UGI traded up $0.10 during trading on Friday, reaching $35.03. The company's stock had a trading volume of 1,455,298 shares, compared to its average volume of 2,222,201. The company has a market capitalization of $7.52 billion, a price-to-earnings ratio of 13.79, a price-to-earnings-growth ratio of 2.26 and a beta of 1.05. The company's fifty day moving average price is $32.66 and its 200-day moving average price is $30.03. UGI Co. has a 52-week low of $22.01 and a 52-week high of $35.41. 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 (NYSE:UGI - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The utilities provider reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.41. UGI had a return on equity of 15.19% and a net margin of 7.73%. The firm had revenue of $2.67 billion during the quarter, compared to analysts' expectations of $3.26 billion. During the same quarter in the prior year, the business posted $1.97 earnings per share. UGI's revenue was up 8.1% compared to the same quarter last year. On average, equities analysts forecast that UGI Co. will post 3.02 earnings per share for the current fiscal year.

UGI Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, May 16th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date of this dividend is Monday, June 16th. 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.