UGI Co. (NYSE:UGI) Shares Sold by DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lowered its stake in shares of UGI Co. (NYSE:UGI - Free Report) by 49.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 708,647 shares of the utilities provider's stock after selling 693,211 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned approximately 0.33% of UGI worth $20,005,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of UGI. Bessemer Group Inc. lifted its position in shares of UGI by 216.7% during the 4th 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. Altshuler Shaham Ltd purchased a new stake in UGI during the fourth quarter valued at about $25,000. GeoWealth Management LLC bought a new stake in UGI in the fourth quarter worth $27,000. S.A. Mason LLC bought a new stake in UGI in the fourth quarter valued at approximately $27,000. Finally, Flagship Wealth Advisors LLC purchased a new stake in shares of UGI during the fourth quarter worth about $30,000. Institutional investors and hedge funds own 82.34% of the company's stock.

UGI Stock Down 1.3%

UGI traded down $0.44 on Wednesday, hitting $34.21. The company had a trading volume of 877,386 shares, compared to its average volume of 2,221,464. The firm has a market capitalization of $7.35 billion, a P/E ratio of 13.47, a P/E/G ratio of 2.26 and a beta of 1.05. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.00 and a quick ratio of 0.82. The stock has a fifty day simple moving average of $32.72 and a 200-day simple moving average of $30.21. UGI Co. has a 52-week low of $22.01 and a 52-week high of $35.41.

UGI (NYSE:UGI - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The utilities provider reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.41. The business had revenue of $2.67 billion during 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 quarter in the previous year, the company posted $1.97 earnings per share. As a group, equities analysts expect that UGI Co. will post 3.02 EPS for the current fiscal year.

UGI Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 16th will be issued a dividend of $0.375 per share. The ex-dividend date is Monday, June 16th. This represents a $1.50 annualized dividend and a dividend yield of 4.38%. UGI's dividend payout ratio (DPR) is currently 61.73%.

Insider Buying and Selling at UGI

In other news, insider Michael Sharp acquired 4,806 shares of the business's stock in a transaction on Thursday, February 27th. The stock was bought at an average cost of $33.30 per share, for a total transaction of $160,039.80. Following the purchase, the insider now owns 4,806 shares in the company, valued at approximately $160,039.80. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.73% of the company's stock.

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.