Sterling Capital Management LLC Has $354,000 Position in UGI Co. (NYSE:UGI)

Sterling Capital Management LLC reduced its stake in shares of UGI Co. (NYSE:UGI - Free Report) by 41.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,537 shares of the utilities provider's stock after selling 9,021 shares during the quarter. Sterling Capital Management LLC's holdings in UGI were worth $354,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. AIA Group Ltd lifted its stake in UGI by 1.8% in the fourth quarter. AIA Group Ltd now owns 18,047 shares of the utilities provider's stock valued at $509,000 after acquiring an additional 323 shares during the last quarter. US Bancorp DE grew its holdings in UGI by 3.7% during the fourth quarter. US Bancorp DE now owns 10,826 shares of the utilities provider's stock valued at $306,000 after purchasing an additional 388 shares during the last quarter. Hourglass Capital LLC raised its position in shares of UGI by 0.6% in the fourth quarter. Hourglass Capital LLC now owns 82,520 shares of the utilities provider's stock valued at $2,330,000 after purchasing an additional 470 shares during the period. Wright Investors Service Inc. lifted its stake in shares of UGI by 1.3% in the fourth quarter. Wright Investors Service Inc. now owns 37,206 shares of the utilities provider's stock worth $1,050,000 after buying an additional 484 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in shares of UGI by 15.1% during the 4th quarter. Venturi Wealth Management LLC now owns 3,749 shares of the utilities provider's stock worth $106,000 after buying an additional 491 shares during the period. 82.34% of the stock is owned by hedge funds and other institutional investors.

UGI Stock Performance

UGI traded up $0.13 during trading on Friday, hitting $32.82. The stock had a trading volume of 354,892 shares, compared to its average volume of 2,144,807. The firm has a market cap 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 current ratio of 1.00, a quick ratio of 0.82 and a debt-to-equity ratio of 1.44. UGI Co. has a 12 month low of $22.01 and a 12 month high of $34.49. The company has a 50 day simple moving average of $32.62 and a 200-day simple moving average of $29.37.

UGI (NYSE:UGI - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The utilities provider reported $1.37 EPS for the quarter, topping analysts' consensus estimates of $1.21 by $0.16. UGI had a return on equity of 15.19% and a net margin of 7.73%. Analysts expect 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. Shareholders of record on Monday, March 17th were issued 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 dividend payout ratio (DPR) is presently 59.06%.

Insiders Place Their Bets

In other news, insider Michael Sharp bought 4,806 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average cost of $33.30 per share, with a total value of $160,039.80. Following the completion of the transaction, the insider now directly owns 4,806 shares in the company, valued at $160,039.80. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.73% of the company's stock.

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.