Mariner LLC Grows Stock Holdings in UGI Co. (NYSE:UGI)

Mariner LLC lifted its position in shares of UGI Co. (NYSE:UGI - Free Report) by 68.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,273 shares of the utilities provider's stock after acquiring an additional 19,656 shares during the quarter. Mariner LLC's holdings in UGI were worth $1,363,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC boosted its position in shares of UGI by 22.4% during the 4th quarter. FMR LLC now owns 11,529,202 shares of the utilities provider's stock valued at $325,469,000 after purchasing an additional 2,110,337 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of UGI by 6.2% in the 4th quarter. Geode Capital Management LLC now owns 5,058,998 shares of the utilities provider's stock valued at $157,200,000 after buying an additional 296,028 shares during the period. Federated Hermes Inc. increased its holdings in shares of UGI by 25.5% during the fourth quarter. Federated Hermes Inc. now owns 4,962,740 shares of the utilities provider's stock valued at $140,098,000 after acquiring an additional 1,007,156 shares in the last quarter. LSV Asset Management grew its position in UGI by 10.0% in the 4th quarter. LSV Asset Management now owns 3,786,293 shares of the utilities provider's stock valued at $106,887,000 after purchasing an additional 343,942 shares during the period. Finally, Norges Bank acquired a new position in UGI during the fourth quarter worth $103,115,000. Institutional investors own 82.34% of the company's stock.

UGI Stock Up 0.9 %

Shares of UGI traded up $0.31 on Thursday, reaching $33.10. The company's stock had a trading volume of 236,240 shares, compared to its average volume of 2,249,507. The company has a current ratio of 1.00, a quick ratio of 0.82 and a debt-to-equity ratio of 1.44. The firm has a fifty day moving average of $32.61 and a 200-day moving average of $29.61. The stock has a market capitalization of $7.11 billion, a PE ratio of 13.05, a PEG ratio of 2.26 and a beta of 1.05. UGI Co. has a twelve month low of $22.01 and a twelve month high of $34.49.

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

UGI Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 17th were issued a $0.375 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.53%. UGI's dividend payout ratio (DPR) is presently 59.06%.

Insider Buying and Selling at UGI

In other UGI news, insider Michael Sharp purchased 4,806 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The shares were 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 of the company's stock, valued at $160,039.80. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.73% of the stock is owned by corporate 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.