Zacks Investment Management Has $777,000 Stock Position in UGI Co. (NYSE:UGI)

Zacks Investment Management trimmed its position in UGI Co. (NYSE:UGI) by 12.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,524 shares of the utilities provider’s stock after selling 4,048 shares during the quarter. Zacks Investment Management’s holdings in UGI were worth $777,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In other news, insider Michael Sharp bought 4,806 shares of the stock in a transaction dated Thursday, February 27th. The stock was bought at an average cost of $33.30 per share, with a total value of $160,039.80. Following the purchase, 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 filing with the SEC, which is available at the SEC website. Insiders own 0.73% of the company’s stock.

UGI Stock Up 1.0 %

UGI opened at $33.13 on Friday. UGI Co. has a twelve month low of $22.01 and a twelve month high of $34.49. The firm has a market cap of $7.12 billion, a price-to-earnings ratio of 13.04, a PEG ratio of 2.26 and a beta of 1.05. The firm’s 50-day simple moving average is $32.59 and its 200-day simple moving average is $29.17. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.82 and a current ratio of 1.00.

UGI (NYSE:UGI) last posted its earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts anticipate that UGI Co. will post 3.02 EPS for the current fiscal year.

UGI Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th were given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 4.53%. The ex-dividend date was Monday, March 17th. UGI’s payout ratio is presently 59.06%.

About UGI

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.