Parvin Asset Management LLC Invests $49,000 in UGI Co. (NYSE:UGI)

Parvin Asset Management LLC bought a new stake in UGI Co. (NYSE:UGI) in the fourth quarter, HoldingsChannel reports. The fund bought 1,750 shares of the utilities provider’s stock, valued at approximately $49,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UGI. Kapitalo Investimentos Ltda bought a new position in shares of UGI in the 4th quarter valued at about $457,000. Schonfeld Strategic Advisors LLC grew its stake in UGI by 26.2% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 40,270 shares of the utilities provider’s stock valued at $1,137,000 after purchasing an additional 8,362 shares in the last quarter. Northern Trust Corp increased its position in shares of UGI by 21.3% during the 4th quarter. Northern Trust Corp now owns 4,002,419 shares of the utilities provider’s stock worth $112,988,000 after purchasing an additional 703,491 shares during the last quarter. Boothbay Fund Management LLC raised its stake in shares of UGI by 62.4% during the 4th quarter. Boothbay Fund Management LLC now owns 249,635 shares of the utilities provider’s stock worth $7,047,000 after purchasing an additional 95,943 shares in the last quarter. Finally, Miller Value Partners LLC boosted its holdings in shares of UGI by 44.6% in the 4th quarter. Miller Value Partners LLC now owns 292,000 shares of the utilities provider’s stock valued at $8,243,000 after buying an additional 90,000 shares during the last quarter. 82.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other UGI news, insider Michael Sharp purchased 4,806 shares of the business’s stock in a transaction on 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 acquisition, the insider now directly owns 4,806 shares of the company’s stock, valued at $160,039.80. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.73% of the stock is owned by insiders.

UGI Price Performance

Shares of UGI opened at $32.79 on Thursday. The company has a market cap of $7.04 billion, a price-to-earnings ratio of 12.91, a PEG 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 company’s fifty day simple moving average is $32.61 and its 200 day simple moving average is $29.61. UGI Co. has a 1-year low of $22.01 and a 1-year high of $34.49.

UGI (NYSE:UGI) last issued 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%. On average, research analysts forecast that UGI Co. will post 3.02 earnings per share for the current fiscal year.

UGI Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th were paid a dividend of $0.375 per share. The ex-dividend date 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 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.