Nebula Research & Development LLC Purchases 49,678 Shares of UGI Co. (NYSE:UGI)

Nebula Research & Development LLC increased its position in shares of UGI Co. (NYSE:UGI) by 187.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 76,203 shares of the utilities provider’s stock after buying an additional 49,678 shares during the period. Nebula Research & Development LLC’s holdings in UGI were worth $2,151,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in UGI by 35.1% during the third quarter. JPMorgan Chase & Co. now owns 1,227,732 shares of the utilities provider’s stock valued at $30,718,000 after acquiring an additional 318,655 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in 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 purchasing an additional 130,407 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in UGI by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,555,075 shares of the utilities provider’s stock valued at $72,130,000 after buying an additional 51,861 shares during the last quarter. Bleakley Financial Group LLC bought a new position in UGI in the 4th quarter worth approximately $253,000. Finally, Everence Capital Management Inc. acquired a new position in shares of UGI during the fourth quarter worth approximately $593,000. 82.34% of the stock is currently owned by institutional investors and hedge funds.

UGI Trading Down 0.2 %

Shares of UGI stock opened at $32.68 on Friday. The company has a market cap of $7.02 billion, a price-to-earnings ratio of 12.87, a PEG ratio of 2.26 and a beta of 1.05. UGI Co. has a 1 year low of $22.01 and a 1 year high of $34.49. The company’s fifty day simple moving average is $32.62 and its 200-day simple moving average is $29.37. The company has a current ratio of 1.00, a quick ratio of 0.82 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 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, sell-side analysts expect that UGI Co. will post 3.02 EPS for the current year.

UGI Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date was Monday, March 17th. UGI’s dividend payout ratio is presently 59.06%.

Insider Activity at UGI

In other UGI news, insider Michael Sharp purchased 4,806 shares of the stock in a transaction on Thursday, February 27th. The shares were purchased at an average price of $33.30 per share, with a total value of $160,039.80. Following the acquisition, the insider now directly owns 4,806 shares of the company’s stock, valued at $160,039.80. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.73% of the stock is currently owned by corporate insiders.

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.