Northern Trust Corp Has $112.99 Million Holdings in UGI Co. (NYSE:UGI)

Northern Trust Corp grew its position in UGI Co. (NYSE:UGI - Free Report) by 21.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,002,419 shares of the utilities provider's stock after acquiring an additional 703,491 shares during the quarter. Northern Trust Corp owned about 1.86% of UGI worth $112,988,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the business. FMR LLC increased its position in UGI by 22.4% during the fourth quarter. FMR LLC now owns 11,529,202 shares of the utilities provider's stock worth $325,469,000 after purchasing an additional 2,110,337 shares during the last quarter. Snyder Capital Management L P boosted its stake in shares of UGI by 1.6% in the fourth quarter. Snyder Capital Management L P now owns 5,126,709 shares of the utilities provider's stock valued at $144,727,000 after buying an additional 78,327 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of UGI by 6.2% during 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 acquiring an additional 296,028 shares during the period. Federated Hermes Inc. boosted its position in UGI by 25.5% during the fourth quarter. Federated Hermes Inc. now owns 4,962,740 shares of the utilities provider's stock worth $140,098,000 after purchasing an additional 1,007,156 shares in the last quarter. Finally, LSV Asset Management raised its position in shares of UGI by 10.0% during the 4th quarter. LSV Asset Management now owns 3,786,293 shares of the utilities provider's stock worth $106,887,000 after purchasing an additional 343,942 shares during the last quarter. Institutional investors own 82.34% of the company's stock.

Insiders Place Their Bets

In related news, insider Michael Sharp purchased 4,806 shares of UGI stock in a transaction on Thursday, February 27th. The stock was purchased at an average cost of $33.30 per share, with a total value of $160,039.80. Following the acquisition, the insider now directly owns 4,806 shares in the company, valued at approximately $160,039.80. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.73% of the stock is currently owned by company insiders.

UGI Price Performance

Shares of NYSE:UGI remained flat at $33.52 during trading on Tuesday. 1,492,413 shares of the stock were exchanged, compared to its average volume of 2,220,816. UGI Co. has a twelve month low of $22.01 and a twelve month high of $34.49. The firm's fifty day moving average is $32.61 and its two-hundred day moving average is $29.85. The firm has a market cap of $7.20 billion, a PE ratio of 13.20, 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 (NYSE:UGI - Get Free Report) last announced its earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share 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%. As a group, equities analysts forecast that UGI Co. will post 3.02 EPS for the current year.

UGI Announces Dividend

The company 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 yield of 4.47%. The ex-dividend date was Monday, March 17th. UGI's payout ratio is currently 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.