Callodine Capital Management LP Grows Position in UGI Co. (NYSE:UGI)

Callodine Capital Management LP raised its holdings in shares of UGI Co. (NYSE:UGI) by 29.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 380,100 shares of the utilities provider’s stock after purchasing an additional 86,350 shares during the period. UGI accounts for about 2.2% of Callodine Capital Management LP’s portfolio, making the stock its 15th largest position. Callodine Capital Management LP’s holdings in UGI were worth $10,730,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Norges Bank bought a new position in shares of UGI during the fourth quarter valued at approximately $103,115,000. Hennessy Advisors Inc. boosted its position 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 acquiring an additional 2,265,300 shares in the last quarter. FMR LLC boosted its position in UGI by 22.4% during the 4th quarter. FMR LLC now owns 11,529,202 shares of the utilities provider’s stock valued at $325,469,000 after acquiring an additional 2,110,337 shares in the last quarter. Pictet Asset Management Holding SA increased its holdings in shares of UGI by 5,776.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 1,739,419 shares of the utilities provider’s stock valued at $49,104,000 after acquiring an additional 1,709,820 shares during the period. Finally, Neuberger Berman Group LLC raised its position in shares of 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 worth $44,046,000 after acquiring an additional 1,530,911 shares in the last quarter. Institutional investors own 82.34% of the company’s stock.

UGI Price Performance

Shares of UGI stock opened at $33.13 on Friday. The stock’s 50-day moving average is $32.57 and its 200 day moving average is $29.07. UGI Co. has a 1-year low of $22.01 and a 1-year high of $34.49. 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 cap of $7.12 billion, a P/E ratio of 13.04, a PEG ratio of 2.26 and a beta of 1.05.

UGI (NYSE:UGI) last released its quarterly earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share 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%. Research analysts predict that UGI Co. will post 3.02 earnings per share for the current fiscal year.

UGI Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th were issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 4.53%. The ex-dividend date of this dividend was Monday, March 17th. UGI’s dividend payout ratio is currently 59.06%.

Insider Transactions at UGI

In other UGI news, insider Michael Sharp acquired 4,806 shares of the stock in a transaction dated Thursday, February 27th. The stock was purchased at an average price of $33.30 per share, with a total value of $160,039.80. Following 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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.