Fmr LLC Purchases 2,110,337 Shares of UGI Co. (NYSE:UGI)

Fmr LLC raised its holdings in shares of UGI Co. (NYSE:UGI) by 22.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,529,202 shares of the utilities provider’s stock after purchasing an additional 2,110,337 shares during the quarter. Fmr LLC owned 0.05% of UGI worth $325,469,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of UGI. Norges Bank bought a new stake in shares of UGI during the fourth quarter worth about $103,115,000. Hennessy Advisors Inc. boosted its stake in UGI by 2,050.9% during the 4th 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 last quarter. Pictet Asset Management Holding SA raised its stake in shares of UGI by 5,776.6% in 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 last quarter. Geode Capital Management LLC lifted its holdings in shares of UGI by 33.8% in the third quarter. Geode Capital Management LLC now owns 4,762,970 shares of the utilities provider’s stock valued at $127,246,000 after purchasing an additional 1,202,938 shares in the last quarter. Finally, Federated Hermes Inc. lifted its holdings in shares of UGI by 25.5% in the fourth quarter. Federated Hermes Inc. now owns 4,962,740 shares of the utilities provider’s stock valued at $140,098,000 after purchasing an additional 1,007,156 shares in the last quarter. Institutional investors own 82.34% of the company’s stock.

Insider Buying and Selling at UGI

In other UGI news, insider Michael Sharp acquired 4,806 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were acquired 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 in the company, 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 Securities & Exchange Commission, which is accessible through this hyperlink. 0.73% of the stock is owned by corporate insiders.

UGI Stock Performance

NYSE UGI opened at $30.97 on Friday. The company has a fifty day moving average price of $32.50 and a 200-day moving average price of $28.84. The firm has a market cap of $6.65 billion, a price-to-earnings ratio of 12.19, a PEG 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. UGI Co. has a 1 year low of $22.01 and a 1 year high of $34.49.

UGI (NYSE:UGI) last posted its quarterly earnings data on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.16. UGI had a return on equity of 15.19% and a net margin of 7.73%. As a group, equities research analysts predict that UGI Co. will post 3.02 EPS for the current fiscal year.

UGI Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 17th were paid a $0.375 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.50 annualized dividend and a yield of 4.84%. UGI’s payout ratio is 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.