UGI Co. (NYSE:UGI) Stock Holdings Increased by Renaissance Technologies LLC

Renaissance Technologies LLC increased its holdings in UGI Co. (NYSE:UGI - Free Report) by 34.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,216,583 shares of the utilities provider's stock after purchasing an additional 313,000 shares during the period. Renaissance Technologies LLC owned 0.57% of UGI worth $34,344,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. S.A. Mason LLC purchased a new position in shares of UGI during the 4th quarter worth about $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 purchased a new position in shares of UGI in the 4th quarter worth about $36,000. Vision Financial Markets LLC acquired a new stake in UGI during the 4th quarter worth approximately $36,000. Finally, SBI Securities Co. Ltd. purchased a new stake in UGI during the fourth quarter worth approximately $37,000. 82.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at UGI

In related news, insider Michael Sharp purchased 4,806 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The shares were purchased at an average cost of $33.30 per share, with a total value of $160,039.80. Following the completion of the acquisition, the insider now directly 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 can be accessed through this hyperlink. Corporate insiders own 0.73% of the company's stock.

UGI Stock Up 2.0 %

NYSE UGI traded up $0.66 during trading hours on Thursday, hitting $33.46. The company had a trading volume of 490,560 shares, compared to its average volume of 2,261,737. UGI Co. has a fifty-two week low of $22.01 and a fifty-two week high of $34.49. The firm's 50 day moving average is $32.54 and its 200 day moving average is $29.02. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.00 and a quick ratio of 0.82. The company has a market capitalization of $7.19 billion, a price-to-earnings ratio of 13.13, a P/E/G ratio of 2.26 and a beta of 1.05.

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

UGI Dividend Announcement

The firm also recently announced 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 4.48%. 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.