UGI Co. (NYSE:UGI) Shares Sold by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC decreased its position in shares of UGI Co. (NYSE:UGI - Free Report) by 31.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & 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 0.17% of UGI worth $10,274,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd purchased a new stake in UGI in the 4th quarter valued at $25,000. Bessemer Group Inc. raised its holdings in shares of UGI by 216.7% in the fourth quarter. Bessemer Group Inc. now owns 893 shares of the utilities provider's stock valued at $25,000 after buying an additional 611 shares during the last quarter. S.A. Mason LLC acquired a new stake in shares of UGI during the fourth quarter worth about $27,000. GeoWealth Management LLC acquired a new stake in shares of UGI during the fourth quarter worth about $27,000. Finally, Flagship Wealth Advisors LLC purchased a new position in shares of UGI during the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 82.34% of the company's stock.

Insiders Place Their Bets

In other UGI news, insider Michael Sharp purchased 4,806 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were purchased at an average cost of $33.30 per share, for a total transaction of $160,039.80. Following the completion of the purchase, the insider now directly owns 4,806 shares in the company, valued at $160,039.80. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.73% of the stock is currently owned by insiders.

UGI Stock Performance

UGI traded up $0.18 on Tuesday, hitting $34.66. 492,494 shares of the company traded hands, compared to its average volume of 2,217,844. The company has a 50 day moving average of $32.69 and a 200-day moving average of $30.18. UGI Co. has a 12-month low of $22.01 and a 12-month high of $35.41. The stock has a market capitalization of $7.45 billion, a PE ratio of 13.65, 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 issued its quarterly earnings results on Wednesday, May 7th. The utilities provider reported $2.21 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.41. The firm had revenue of $2.67 billion during the quarter, compared to the consensus estimate of $3.26 billion. UGI had a return on equity of 15.19% and a net margin of 7.73%. The company's revenue for the quarter was up 8.1% on a year-over-year basis. During the same period last year, the company earned $1.97 earnings per share. Sell-side analysts anticipate that UGI Co. will post 3.02 earnings per share for the current year.

UGI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, May 16th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date of this dividend is Monday, June 16th. UGI's dividend payout ratio is presently 61.73%.

UGI Company 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.