UGI Co. (NYSE:UGI) Holdings Decreased by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC lessened its position in shares of UGI Co. (NYSE:UGI - Free Report) by 31.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 363,924 shares of the utilities provider's stock after selling 164,140 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.17% of UGI worth $10,274,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd acquired a new stake in UGI during the 4th quarter worth approximately $25,000. Bessemer Group Inc. grew its stake in UGI by 216.7% during the fourth 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 period. S.A. Mason LLC acquired a new stake in shares of UGI in the fourth quarter worth $27,000. GeoWealth Management LLC acquired a new position in shares of UGI during the 4th quarter valued at $27,000. Finally, Flagship Wealth Advisors LLC purchased a new stake in UGI during the 4th quarter worth $30,000. 82.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Michael Sharp purchased 4,806 shares of the firm's stock in a transaction dated Thursday, February 27th. The stock was acquired 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 owns 4,806 shares of the company's stock, valued at $160,039.80. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.73% of the company's stock.

UGI Stock Up 0.3 %

NYSE:UGI traded up $0.10 during mid-day trading on Friday, hitting $35.03. The company had a trading volume of 1,455,298 shares, compared to its average volume of 2,226,422. The business has a fifty day simple moving average of $32.66 and a 200-day simple moving average of $30.07. The firm has a market capitalization of $7.52 billion, a price-to-earnings ratio of 13.79, a PEG ratio of 2.26 and a beta of 1.05. UGI Co. has a 1 year low of $22.01 and a 1 year high of $35.41. 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 (NYSE:UGI - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The utilities provider reported $2.21 EPS for the quarter, topping the consensus estimate of $1.80 by $0.41. The firm had revenue of $2.67 billion for the quarter, compared to analyst estimates of $3.26 billion. UGI had a return on equity of 15.19% and a net margin of 7.73%. UGI's revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.97 EPS. Equities analysts forecast that UGI Co. will post 3.02 earnings per share for the current fiscal year.

UGI Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, May 16th will be given a $0.375 dividend. The ex-dividend date is Monday, June 16th. This represents a $1.50 dividend on an annualized basis and a yield of 4.28%. UGI's payout ratio is currently 61.73%.

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.