Tower Research Capital LLC TRC Increases Position in UGI Co. (NYSE:UGI)

Tower Research Capital LLC TRC grew its holdings in UGI Co. (NYSE:UGI) by 333.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 20,947 shares of the utilities provider’s stock after buying an additional 16,111 shares during the period. Tower Research Capital LLC TRC’s holdings in UGI were worth $591,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in UGI. Barclays PLC raised its holdings in UGI by 7.8% during the third quarter. Barclays PLC now owns 313,810 shares of the utilities provider’s stock worth $7,852,000 after purchasing an additional 22,752 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in UGI during the third quarter worth about $278,000. Franklin Resources Inc. raised its holdings in UGI by 10.8% during the third quarter. Franklin Resources Inc. now owns 630,604 shares of the utilities provider’s stock worth $15,614,000 after purchasing an additional 61,265 shares in the last quarter. Retirement Systems of Alabama raised its holdings in UGI by 0.4% during the third quarter. Retirement Systems of Alabama now owns 495,196 shares of the utilities provider’s stock worth $12,390,000 after purchasing an additional 2,071 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in UGI by 35.1% during the third quarter. JPMorgan Chase & Co. now owns 1,227,732 shares of the utilities provider’s stock worth $30,718,000 after purchasing an additional 318,655 shares in the last quarter. 82.34% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at UGI

In other UGI news, insider Michael Sharp purchased 4,806 shares of the stock in a transaction dated Thursday, February 27th. The shares were acquired 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 directly owns 4,806 shares of the company’s stock, valued at $160,039.80. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.73% of the stock is currently owned by corporate insiders.

UGI Trading Up 0.1 %

NYSE UGI opened at $32.67 on Tuesday. The stock 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. UGI Co. has a 52-week low of $22.01 and a 52-week high of $34.49. The firm has a 50-day moving average price of $32.61 and a 200 day moving average price of $29.57. The company has a quick ratio of 0.82, a current ratio of 1.00 and a debt-to-equity ratio of 1.44.

UGI (NYSE:UGI) last issued its earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share (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%. Equities research analysts expect that UGI Co. will post 3.02 EPS for the current year.

UGI Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th were issued a $0.375 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.50 dividend on an annualized basis and a yield of 4.59%. UGI’s dividend payout ratio (DPR) is presently 59.06%.

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.