UGI Co. (NYSE:UGI) Shares Sold by Pinebridge Investments L.P.

Pinebridge Investments L.P. reduced its stake in shares of UGI Co. (NYSE:UGI) by 39.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 121,113 shares of the utilities provider’s stock after selling 78,826 shares during the period. Pinebridge Investments L.P. owned 0.06% of UGI worth $3,419,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in UGI. Norges Bank purchased a new stake in UGI in the 4th quarter valued at $103,115,000. Hennessy Advisors Inc. grew its holdings in shares of UGI by 2,050.9% in the fourth quarter. Hennessy Advisors Inc. now owns 2,375,752 shares of the utilities provider’s stock valued at $67,067,000 after purchasing an additional 2,265,300 shares during the period. 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. Pictet Asset Management Holding SA raised its stake in UGI by 5,776.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,739,419 shares of the utilities provider’s stock worth $49,104,000 after purchasing an additional 1,709,820 shares during the period. Finally, Neuberger Berman Group LLC boosted its holdings in UGI by 5,215.3% in the 4th quarter. Neuberger Berman Group LLC now owns 1,560,265 shares of the utilities provider’s stock valued at $44,046,000 after purchasing an additional 1,530,911 shares during the last quarter. 82.34% of the stock is currently owned by hedge funds and other institutional investors.

UGI Stock Down 0.1 %

Shares of NYSE UGI opened at $32.66 on Friday. The company has a market capitalization of $7.02 billion, a P/E ratio of 12.86, a P/E/G ratio of 2.26 and a beta of 1.05. 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 50 day simple moving average of $32.61 and a 200-day simple moving average of $29.43. UGI Co. has a 1 year low of $22.01 and a 1 year high of $34.49.

UGI (NYSE:UGI) last posted its earnings results 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 return on equity of 15.19% and a net margin of 7.73%. On average, equities research analysts predict that UGI Co. will post 3.02 earnings per share 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 given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date of this dividend was Monday, March 17th. UGI’s dividend payout ratio is presently 59.06%.

Insider Activity

In related news, insider Michael Sharp bought 4,806 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was purchased at an average price of $33.30 per share, for a total transaction of $160,039.80. Following the acquisition, 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 acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.73% of the company’s stock.

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.