UGI Co. (NYSE:UGI) Position Boosted by Snyder Capital Management L P

by · The Cerbat Gem

Snyder Capital Management L P boosted its position in UGI Co. (NYSE:UGI – Free Report) by 1.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,126,709 shares of the utilities provider’s stock after acquiring an additional 78,327 shares during the period. UGI comprises approximately 3.0% of Snyder Capital Management L P’s holdings, making the stock its 6th biggest holding. Snyder Capital Management L P owned 2.39% of UGI worth $144,727,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. AIA Group Ltd grew its holdings in UGI by 1.8% in the fourth quarter. AIA Group Ltd now owns 18,047 shares of the utilities provider’s stock valued at $509,000 after purchasing an additional 323 shares during the period. US Bancorp DE boosted its holdings in shares of UGI by 3.7% in the 4th quarter. US Bancorp DE now owns 10,826 shares of the utilities provider’s stock valued at $306,000 after purchasing an additional 388 shares during the last quarter. Hourglass Capital LLC boosted its holdings in shares of UGI by 0.6% in the 4th quarter. Hourglass Capital LLC now owns 82,520 shares of the utilities provider’s stock valued at $2,330,000 after purchasing an additional 470 shares during the last quarter. Wright Investors Service Inc. grew its stake in shares of UGI by 1.3% during the 4th quarter. Wright Investors Service Inc. now owns 37,206 shares of the utilities provider’s stock valued at $1,050,000 after buying an additional 484 shares during the period. Finally, Venturi Wealth Management LLC raised its position in shares of UGI by 15.1% in the 4th quarter. Venturi Wealth Management LLC now owns 3,749 shares of the utilities provider’s stock worth $106,000 after buying an additional 491 shares during the period. 82.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at UGI

In other news, insider Michael Sharp acquired 4,806 shares of the stock in a transaction on Thursday, February 27th. The stock was bought 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 directly owns 4,806 shares of the company’s stock, valued at $160,039.80. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.73% of the stock is currently owned by corporate insiders.

UGI Price Performance

UGI stock opened at $32.68 on Friday. The company has a market cap of $7.02 billion, a PE ratio of 12.87, a price-to-earnings-growth ratio of 2.26 and a beta of 1.05. 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 stock has a 50-day moving average price of $32.62 and a two-hundred day moving average price of $29.37. UGI Co. has a 12-month low of $22.01 and a 12-month high of $34.49.

UGI (NYSE:UGI – Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The utilities provider reported $1.37 EPS for the quarter, beating the consensus estimate of $1.21 by $0.16. UGI had a net margin of 7.73% and a return on equity of 15.19%. As a group, research analysts predict 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 issued a $0.375 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.50 annualized dividend and a yield of 4.59%. UGI’s dividend payout ratio is currently 59.06%.

UGI Profile

(Free Report)

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.

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