Neuberger Berman Group LLC Grows Stake in UGI Co. (NYSE:UGI)

Neuberger Berman Group LLC lifted its stake in UGI Co. (NYSE:UGI) by 5,215.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,560,265 shares of the utilities provider’s stock after acquiring an additional 1,530,911 shares during the quarter. Neuberger Berman Group LLC’s holdings in UGI were worth $44,046,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in UGI by 35.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,227,732 shares of the utilities provider’s stock worth $30,718,000 after acquiring an additional 318,655 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of UGI by 254.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 181,687 shares of the utilities provider’s stock valued at $5,138,000 after purchasing an additional 130,407 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in UGI by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,555,075 shares of the utilities provider’s stock valued at $72,130,000 after purchasing an additional 51,861 shares in the last quarter. Bleakley Financial Group LLC purchased a new stake in UGI during the 4th quarter worth $253,000. Finally, Everence Capital Management Inc. acquired a new position in UGI in the 4th quarter worth $593,000. Institutional investors and hedge funds own 82.34% of the company’s stock.

UGI Stock Down 1.0 %

Shares of UGI stock opened at $30.97 on Friday. UGI Co. has a 1-year low of $22.01 and a 1-year high of $34.49. The company has a market capitalization of $6.65 billion, a PE ratio of 12.19, 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 business has a 50-day moving average of $32.50 and a 200-day moving average of $28.84.

UGI (NYSE:UGI) last issued its quarterly earnings data 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 return on equity of 15.19% and a net margin of 7.73%. As a group, equities analysts forecast that UGI Co. will post 3.02 EPS for the current fiscal year.

UGI Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors 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 annualized dividend and a yield of 4.84%. UGI’s dividend payout ratio is presently 59.06%.

Insider Buying and Selling at UGI

In related news, insider Michael Sharp bought 4,806 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were acquired at an average price of $33.30 per share, for a total transaction of $160,039.80. Following the purchase, the insider now owns 4,806 shares in the company, valued at $160,039.80. This trade represents a ? increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.73% of the stock is currently owned by insiders.

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.