Ensign Peak Advisors Inc Sells 9,343 Shares of UGI Co. (NYSE:UGI)

Ensign Peak Advisors Inc decreased its holdings in shares of UGI Co. (NYSE:UGI) by 5.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 161,731 shares of the utilities provider’s stock after selling 9,343 shares during the period. Ensign Peak Advisors Inc owned 0.08% of UGI worth $4,566,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of UGI. Barclays PLC raised its position in UGI by 7.8% during the 3rd quarter. Barclays PLC now owns 313,810 shares of the utilities provider’s stock valued at $7,852,000 after purchasing an additional 22,752 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in UGI by 4.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 28,063 shares of the utilities provider’s stock valued at $792,000 after purchasing an additional 1,174 shares during the last quarter. Accurate Wealth Management LLC raised its position in UGI by 21.1% during the 4th quarter. Accurate Wealth Management LLC now owns 11,023 shares of the utilities provider’s stock valued at $312,000 after purchasing an additional 1,917 shares during the last quarter. Burney Co. raised its position in UGI by 3.0% during the 4th quarter. Burney Co. now owns 662,011 shares of the utilities provider’s stock valued at $18,689,000 after purchasing an additional 19,176 shares during the last quarter. Finally, Lauer Wealth LLC bought a new position in UGI during the 4th quarter valued at approximately $202,000. Institutional investors own 82.34% of the company’s stock.

Insiders Place Their Bets

In other news, insider Michael Sharp bought 4,806 shares of UGI stock in a transaction on Thursday, February 27th. The shares were purchased at an average price of $33.30 per share, for a total transaction of $160,039.80. Following the acquisition, the insider now owns 4,806 shares of the company’s stock, valued at approximately $160,039.80. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.73% of the company’s stock.

UGI Trading Down 0.8%

UGI opened at $34.38 on Thursday. The business has a 50 day simple moving average of $32.75 and a two-hundred day simple moving average of $30.24. The firm has a market capitalization of $7.39 billion, a price-to-earnings ratio of 13.54, a PEG ratio of 2.26 and a beta of 1.05. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.00 and a quick ratio of 0.82. UGI Co. has a one year low of $22.01 and a one year high of $35.41.

UGI (NYSE:UGI) last posted its earnings results on Wednesday, May 7th. The utilities provider reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.41. UGI had a return on equity of 15.19% and a net margin of 7.73%. The firm had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter in the prior year, the business earned $1.97 EPS. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. Analysts predict that UGI Co. will post 3.02 EPS for the current year.

UGI Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, May 16th will be issued a dividend of $0.375 per share. The ex-dividend date is Monday, June 16th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.36%. UGI’s dividend payout ratio (DPR) is 61.73%.

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.