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

NewEdge Advisors LLC raised its holdings in UGI Co. (NYSE:UGI - Free Report) by 41.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 129,938 shares of the utilities provider's stock after purchasing an additional 38,179 shares during the period. NewEdge Advisors LLC owned 0.06% of UGI worth $3,668,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Barclays PLC lifted its holdings in UGI by 7.8% in the 3rd quarter. Barclays PLC now owns 313,810 shares of the utilities provider's stock valued at $7,852,000 after purchasing an additional 22,752 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in UGI by 88.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 21,876 shares of the utilities provider's stock valued at $547,000 after acquiring an additional 10,251 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of UGI during the 3rd quarter worth $278,000. Franklin Resources Inc. boosted its holdings in shares of UGI by 10.8% during the third quarter. Franklin Resources Inc. now owns 630,604 shares of the utilities provider's stock worth $15,614,000 after purchasing an additional 61,265 shares during the last quarter. Finally, Retirement Systems of Alabama grew its position in shares of UGI by 0.4% in the third quarter. Retirement Systems of Alabama now owns 495,196 shares of the utilities provider's stock valued at $12,390,000 after purchasing an additional 2,071 shares during the period. 82.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at UGI

In other news, insider Michael Sharp purchased 4,806 shares of the stock in a transaction on Thursday, February 27th. The stock was purchased at an average price of $33.30 per share, with a total value of $160,039.80. Following the completion of the transaction, the insider now owns 4,806 shares in the company, valued at approximately $160,039.80. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.73% of the company's stock.

UGI Trading Down 0.1 %

NYSE UGI traded down $0.03 during trading hours on Friday, hitting $32.66. 1,089,083 shares of the company's stock were exchanged, compared to its average volume of 2,256,849. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.82 and a current ratio of 1.00. The firm has a market capitalization of $7.02 billion, a P/E ratio of 12.86, a price-to-earnings-growth ratio of 2.26 and a beta of 1.05. The business's 50 day moving average is $32.61 and its 200-day moving average is $29.43. UGI Co. has a 12-month low of $22.01 and a 12-month high of $34.49.

UGI (NYSE:UGI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share 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, analysts anticipate that UGI Co. will post 3.02 EPS for the current fiscal year.

UGI Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th were paid a dividend of $0.375 per share. The ex-dividend date was Monday, March 17th. This represents a $1.50 annualized dividend and a dividend yield of 4.59%. UGI's dividend payout ratio is presently 59.06%.

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.