Comerica Bank Sells 14,697 Shares of UGI Co. (NYSE:UGI)

Comerica Bank cut its stake in UGI Co. (NYSE:UGI) by 9.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 148,598 shares of the utilities provider’s stock after selling 14,697 shares during the period. Comerica Bank’s holdings in UGI were worth $4,195,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of UGI. Kapitalo Investimentos Ltda acquired a new stake in shares of UGI in the fourth quarter valued at approximately $457,000. Schonfeld Strategic Advisors LLC raised its position in shares of UGI by 26.2% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 40,270 shares of the utilities provider’s stock valued at $1,137,000 after acquiring an additional 8,362 shares during the last quarter. Northern Trust Corp lifted its stake in shares of UGI by 21.3% in the 4th quarter. Northern Trust Corp now owns 4,002,419 shares of the utilities provider’s stock valued at $112,988,000 after purchasing an additional 703,491 shares during the period. Boothbay Fund Management LLC boosted its position in shares of UGI by 62.4% in 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 during the last quarter. Finally, Miller Value Partners LLC grew its stake in shares of UGI by 44.6% during the fourth quarter. Miller Value Partners LLC now owns 292,000 shares of the utilities provider’s stock worth $8,243,000 after purchasing an additional 90,000 shares during the period. 82.34% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other UGI news, insider Michael Sharp purchased 4,806 shares of the stock in a transaction on Thursday, February 27th. The stock was bought 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 directly owns 4,806 shares of the company’s stock, valued at $160,039.80. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.73% of the company’s stock.

UGI Stock Performance

NYSE:UGI opened at $33.52 on Wednesday. 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 Co. has a 1-year low of $22.01 and a 1-year high of $34.49. The firm has a market capitalization of $7.20 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 2.26 and a beta of 1.05. The business’s 50-day moving average price is $32.62 and its two-hundred day moving average price is $29.87.

UGI (NYSE:UGI) last released its quarterly earnings data on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share 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%. On average, equities analysts expect that UGI Co. will post 3.02 earnings per share for the current year.

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.