Voya Investment Management LLC Sells 20,348 Shares of UGI Co. (NYSE:UGI)

Voya Investment Management LLC lowered its stake in shares of UGI Co. (NYSE:UGI - Free Report) by 21.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 76,348 shares of the utilities provider's stock after selling 20,348 shares during the period. Voya Investment Management LLC's holdings in UGI were worth $2,155,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of UGI. Altshuler Shaham Ltd purchased a new stake in UGI in the fourth quarter worth $25,000. Bessemer Group Inc. increased its holdings in UGI by 216.7% in the 4th quarter. Bessemer Group Inc. now owns 893 shares of the utilities provider's stock worth $25,000 after acquiring an additional 611 shares during the last quarter. S.A. Mason LLC purchased a new stake in UGI in the 4th quarter worth about $27,000. GeoWealth Management LLC bought a new stake in UGI in the 4th quarter valued at about $27,000. Finally, Flagship Wealth Advisors LLC purchased a new stake in UGI during the fourth quarter valued at about $30,000. Hedge funds and other institutional investors own 82.34% of the company's stock.

UGI Stock Performance

UGI stock traded up $0.02 during mid-day trading on Wednesday, reaching $33.56. The company's stock had a trading volume of 2,361,234 shares, compared to its average volume of 2,221,377. The company has a market capitalization of $7.21 billion, a P/E ratio of 13.21, a PEG ratio of 2.26 and a beta of 1.05. The firm's fifty day moving average price is $32.62 and its two-hundred day moving average price is $29.87. UGI Co. has a 12-month low of $22.01 and a 12-month high of $34.49. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.82 and a current ratio of 1.00.

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

UGI Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, May 16th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 4.47%. UGI's payout ratio is presently 59.06%.

Insiders Place Their Bets

In other UGI news, insider Michael Sharp acquired 4,806 shares of the business's stock in a transaction dated Thursday, February 27th. The stock was bought at an average price of $33.30 per share, with a total value of $160,039.80. Following the purchase, the insider now owns 4,806 shares of the company's stock, valued at approximately $160,039.80. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.73% of the company's stock.

About UGI

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.