UGI Co. (NYSE:UGI) Position Trimmed by Heartland Advisors Inc.

Heartland Advisors Inc. lowered its stake in UGI Co. (NYSE:UGI) by 24.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 350,000 shares of the utilities provider’s stock after selling 114,050 shares during the period. Heartland Advisors Inc.’s holdings in UGI were worth $9,880,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Citigroup Inc. boosted its holdings in shares of UGI by 33.0% in the third quarter. Citigroup Inc. now owns 203,313 shares of the utilities provider’s stock worth $5,087,000 after buying an additional 50,485 shares during the period. FMR LLC grew its holdings in shares of UGI by 42.0% during the third quarter. FMR LLC now owns 9,418,865 shares of the utilities provider’s stock valued at $235,660,000 after buying an additional 2,786,878 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of UGI by 35.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,227,732 shares of the utilities provider’s stock valued at $30,718,000 after buying an additional 318,655 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of UGI by 254.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 181,687 shares of the utilities provider’s stock valued at $5,138,000 after acquiring an additional 130,407 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of UGI by 47.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,503,214 shares of the utilities provider’s stock worth $62,630,000 after acquiring an additional 808,113 shares during the last quarter. 82.34% of the stock is owned by institutional investors.

Insider Transactions at UGI

In related news, insider Michael Sharp acquired 4,806 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was acquired at an average price of $33.30 per share, with a total value of $160,039.80. Following the completion of the transaction, the insider now owns 4,806 shares of the company’s stock, valued at approximately $160,039.80. This represents a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.73% of the stock is currently owned by corporate insiders.

UGI Stock Down 0.4 %

Shares of UGI stock opened at $32.92 on Friday. The stock has a 50-day simple moving average of $32.20 and a 200-day simple moving average of $28.20. UGI Co. has a 52-week low of $22.01 and a 52-week high of $34.49. The firm has a market cap of $7.07 billion, a price-to-earnings ratio of 12.96, a P/E/G ratio of 2.26 and a beta of 1.17. 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 (NYSE:UGI) last released its quarterly earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share (EPS) 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%. On average, equities research analysts expect that UGI Co. will post 3.02 earnings per share for the current fiscal year.

UGI Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be given a $0.375 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.50 annualized dividend and a dividend yield of 4.56%. UGI’s dividend payout ratio is 59.06%.

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.