Guggenheim Capital LLC Raises Stock Position in UGI Co. (NYSE:UGI)

Guggenheim Capital LLC raised its stake in UGI Co. (NYSE:UGI - Free Report) by 19.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 102,444 shares of the utilities provider's stock after buying an additional 16,676 shares during the quarter. Guggenheim Capital LLC's holdings in UGI were worth $2,892,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in UGI. XTX Topco Ltd bought a new stake in shares of UGI in the fourth quarter worth $1,246,000. Mariner LLC boosted its holdings in shares of UGI by 68.7% in the 4th quarter. Mariner LLC now owns 48,273 shares of the utilities provider's stock valued at $1,363,000 after purchasing an additional 19,656 shares in the last quarter. Bragg Financial Advisors Inc lifted its stake in UGI by 20.9% in the 4th quarter. Bragg Financial Advisors Inc now owns 874,069 shares of the utilities provider's stock valued at $24,675,000 after purchasing an additional 150,910 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings in UGI by 3.1% during the 4th quarter. Treasurer of the State of North Carolina now owns 94,519 shares of the utilities provider's stock worth $2,668,000 after acquiring an additional 2,840 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its position in shares of UGI by 5,215.3% during the fourth quarter. Neuberger Berman Group LLC now owns 1,560,265 shares of the utilities provider's stock worth $44,046,000 after acquiring an additional 1,530,911 shares during the last quarter. Institutional investors and hedge funds own 82.34% of the company's stock.

UGI Stock Up 0.4 %

Shares of UGI stock traded up $0.13 during trading on Friday, reaching $32.82. 373,405 shares of the company traded hands, compared to its average volume of 2,251,673. The firm has a market capitalization of $7.05 billion, a PE ratio of 12.92, a P/E/G ratio of 2.26 and a beta of 1.05. The company has a 50 day moving average price of $32.62 and a 200-day moving average price of $29.37. 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 current ratio of 1.00 and a quick ratio of 0.82.

UGI (NYSE:UGI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The utilities provider reported $1.37 EPS for the quarter, topping the consensus estimate of $1.21 by $0.16. UGI had a net margin of 7.73% and a return on equity of 15.19%. As a group, equities research analysts expect that UGI Co. will post 3.02 earnings per share for the current fiscal year.

UGI Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 17th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date of this dividend was Monday, March 17th. UGI's payout ratio is currently 59.06%.

Insider Buying and Selling

In other UGI news, insider Michael Sharp bought 4,806 shares of the business's stock in a transaction on Thursday, February 27th. The shares were acquired 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 trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.73% of the stock is owned by insiders.

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.