Neuberger Berman Group LLC Has $44.05 Million Stake in UGI Co. (NYSE:UGI)

Neuberger Berman Group LLC increased its stake in UGI Co. (NYSE:UGI - Free Report) by 5,215.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,560,265 shares of the utilities provider's stock after acquiring an additional 1,530,911 shares during the period. Neuberger Berman Group LLC owned approximately 0.73% of UGI worth $44,046,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Bessemer Group Inc. lifted its position in shares of UGI by 216.7% in 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 last quarter. S.A. Mason LLC acquired a new stake in UGI in the 4th quarter worth $27,000. Flagship Wealth Advisors LLC acquired a new stake in UGI during the fourth quarter worth about $30,000. Golden State Wealth Management LLC bought a new stake in shares of UGI during the fourth quarter valued at approximately $36,000. Finally, Vision Financial Markets LLC acquired a new stake in shares of UGI during the 4th quarter valued at about $36,000. Institutional investors own 82.34% of the company's stock.

Insider Buying and Selling at UGI

In other news, insider Michael Sharp purchased 4,806 shares of UGI stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average price of $33.30 per share, for a total transaction of $160,039.80. Following the transaction, the insider now owns 4,806 shares of the company's stock, valued at approximately $160,039.80. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.73% of the company's stock.

UGI Price Performance

UGI stock traded up $0.81 during trading on Wednesday, hitting $32.88. 918,247 shares of the stock traded hands, compared to its average volume of 2,259,705. The company has a 50 day simple moving average of $32.52 and a 200 day simple moving average of $28.99. The stock has a market cap of $7.06 billion, a price-to-earnings ratio of 12.94, a P/E/G ratio of 2.26 and a beta of 1.05. 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 Co. has a one year low of $22.01 and a one year high of $34.49.

UGI (NYSE:UGI - Get Free Report) last issued its earnings results on Wednesday, February 5th. The utilities provider reported $1.37 EPS for the quarter, beating 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%. Equities analysts expect that UGI Co. will post 3.02 EPS for the current fiscal year.

UGI Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 17th were issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date was Monday, March 17th. UGI's payout ratio is presently 59.06%.

About UGI

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.