Snyder Capital Management L P Acquires 78,327 Shares of UGI Co. (NYSE:UGI)

Snyder Capital Management L P boosted its stake in shares of UGI Co. (NYSE:UGI - Free Report) by 1.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,126,709 shares of the utilities provider's stock after buying an additional 78,327 shares during the quarter. UGI accounts for about 3.0% of Snyder Capital Management L P's holdings, making the stock its 6th biggest holding. Snyder Capital Management L P owned approximately 2.39% of UGI worth $144,727,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the stock. AIA Group Ltd increased its position in shares of UGI by 1.8% in the 4th quarter. AIA Group Ltd now owns 18,047 shares of the utilities provider's stock valued at $509,000 after purchasing an additional 323 shares during the last quarter. US Bancorp DE grew its stake in shares of UGI by 3.7% during the fourth quarter. US Bancorp DE now owns 10,826 shares of the utilities provider's stock worth $306,000 after purchasing an additional 388 shares in the last quarter. Hourglass Capital LLC grew its stake in shares of UGI by 0.6% during the fourth quarter. Hourglass Capital LLC now owns 82,520 shares of the utilities provider's stock worth $2,330,000 after purchasing an additional 470 shares in the last quarter. Wright Investors Service Inc. grew its stake in shares of UGI by 1.3% during the fourth quarter. Wright Investors Service Inc. now owns 37,206 shares of the utilities provider's stock worth $1,050,000 after purchasing an additional 484 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its stake in shares of UGI by 15.1% during the fourth quarter. Venturi Wealth Management LLC now owns 3,749 shares of the utilities provider's stock worth $106,000 after purchasing an additional 491 shares in the last quarter. Hedge funds and other institutional investors own 82.34% of the company's stock.

UGI Stock Down 0.9 %

Shares of UGI stock traded down $0.31 on Wednesday, reaching $32.44. 629,247 shares of the stock were exchanged, compared to its average volume of 2,135,357. 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 business's 50 day moving average price is $32.61 and its 200 day moving average price is $29.59. The company has a market capitalization of $6.97 billion, a price-to-earnings ratio of 12.77, 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 announced its quarterly earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share for the quarter, beating 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%. As a group, sell-side analysts expect that UGI Co. will post 3.02 earnings per share for the current fiscal year.

UGI Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.50 annualized dividend and a yield of 4.62%. UGI's dividend payout ratio is currently 59.06%.

Insider Buying and Selling

In related news, insider Michael Sharp bought 4,806 shares of the stock in a transaction 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 completion of the transaction, 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.73% of the stock is currently owned by corporate insiders.

UGI Company 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.