Treasurer of the State of North Carolina Raises Holdings in UGI Co. (NYSE:UGI)

Treasurer of the State of North Carolina raised its position in shares of UGI Co. (NYSE:UGI) by 3.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,519 shares of the utilities provider’s stock after buying an additional 2,840 shares during the quarter. Treasurer of the State of North Carolina’s holdings in UGI were worth $2,668,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of UGI. Norges Bank purchased a new position in shares of UGI in the 4th quarter worth $103,115,000. Hennessy Advisors Inc. raised its position in UGI by 2,050.9% during 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 lifted its stake in shares of UGI by 22.4% in the 4th quarter. FMR LLC now owns 11,529,202 shares of the utilities provider’s stock valued at $325,469,000 after purchasing an additional 2,110,337 shares during the last quarter. Pictet Asset Management Holding SA increased its position in shares of UGI by 5,776.6% during 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 purchasing an additional 1,709,820 shares during the last quarter. Finally, Neuberger Berman Group LLC lifted its position in UGI by 5,215.3% in the fourth quarter. Neuberger Berman Group LLC now owns 1,560,265 shares of the utilities provider’s stock worth $44,046,000 after buying an additional 1,530,911 shares during 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 news, insider Michael Sharp acquired 4,806 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The shares were bought at an average price of $33.30 per share, with a total value of $160,039.80. Following the completion of the purchase, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.73% of the stock is owned by corporate insiders.

UGI Trading Up 2.3 %

Shares of UGI opened at $32.81 on Thursday. UGI Co. has a twelve month low of $22.01 and a twelve month high of $34.49. The company has a current ratio of 1.00, a quick ratio of 0.82 and a debt-to-equity ratio of 1.44. The company’s fifty day simple moving average is $32.54 and its 200-day simple moving average is $29.02. The company has a market cap of $7.05 billion, a P/E ratio of 12.92, a P/E/G ratio of 2.26 and a beta of 1.05.

UGI (NYSE:UGI) last released 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%. As a group, analysts expect that UGI Co. will post 3.02 EPS for the current year.

UGI Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 17th were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 4.57%. The ex-dividend date was Monday, March 17th. UGI’s dividend payout ratio is presently 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.