Summit Investment Advisors Inc. Sells 1,045 Shares of UGI Co. (NYSE:UGI)

Summit Investment Advisors Inc. reduced its position in UGI Co. (NYSE:UGI) by 2.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,001 shares of the utilities provider’s stock after selling 1,045 shares during the period. Summit Investment Advisors Inc.’s holdings in UGI were worth $1,214,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Bessemer Group Inc. lifted its stake in shares of UGI by 216.7% in the fourth quarter. Bessemer Group Inc. now owns 893 shares of the utilities provider’s stock valued at $25,000 after buying an additional 611 shares in the last quarter. S.A. Mason LLC bought a new position in UGI in the 4th quarter valued at about $27,000. Flagship Wealth Advisors LLC acquired a new position in UGI during the 4th quarter valued at about $30,000. Golden State Wealth Management LLC bought a new stake in UGI during the 4th quarter worth approximately $36,000. Finally, Vision Financial Markets LLC purchased a new stake in shares of UGI in the fourth quarter worth approximately $36,000. Institutional investors and hedge funds own 82.34% of the company’s stock.

Insider Transactions at UGI

In other UGI news, insider Michael Sharp purchased 4,806 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average cost of $33.30 per share, for a total transaction of $160,039.80. Following the completion of the acquisition, the insider now owns 4,806 shares of the company’s stock, valued at $160,039.80. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.73% of the company’s stock.

UGI Stock Up 2.3 %

Shares of NYSE:UGI opened at $32.81 on Thursday. The business’s 50 day moving average is $32.54 and its 200 day moving average is $29.02. UGI Co. has a 12-month low of $22.01 and a 12-month high of $34.49. The stock has a market cap of $7.05 billion, a price-to-earnings ratio of 12.92, a PEG ratio of 2.26 and a beta of 1.05. The company has a quick ratio of 0.82, a current ratio of 1.00 and a debt-to-equity ratio of 1.44.

UGI (NYSE:UGI) last posted its quarterly earnings data on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts forecast that UGI Co. will post 3.02 earnings per share for the current fiscal year.

UGI Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.50 annualized dividend and a dividend yield of 4.57%. UGI’s dividend payout ratio is currently 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.