Algert Global LLC Decreases Holdings in UGI Co. (NYSE:UGI)

Algert Global LLC cut its holdings in shares of UGI Co. (NYSE:UGI) by 97.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,726 shares of the utilities provider’s stock after selling 466,159 shares during the quarter. Algert Global LLC’s holdings in UGI were worth $387,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its stake in shares of UGI by 254.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 181,687 shares of the utilities provider’s stock worth $5,138,000 after acquiring an additional 130,407 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of UGI by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,555,075 shares of the utilities provider’s stock worth $72,130,000 after acquiring an additional 51,861 shares in the last quarter. Bleakley Financial Group LLC purchased a new position in shares of UGI during the fourth quarter worth approximately $253,000. Jump Financial LLC raised its stake in shares of UGI by 190.8% during the fourth quarter. Jump Financial LLC now owns 34,158 shares of the utilities provider’s stock worth $964,000 after acquiring an additional 22,411 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its stake in shares of UGI by 1,232.3% during the fourth quarter. Sanctuary Advisors LLC now owns 291,464 shares of the utilities provider’s stock worth $9,032,000 after acquiring an additional 269,588 shares in the last quarter. 82.34% of the stock is owned by hedge funds and other institutional investors.

UGI Trading Down 1.6%

UGI stock opened at $34.45 on Tuesday. The company has a market capitalization of $7.40 billion, a PE ratio of 13.56, a price-to-earnings-growth ratio of 2.26 and a beta of 1.05. UGI Co. has a one year low of $22.01 and a one year high of $35.41. The company’s 50 day moving average price is $32.69 and its two-hundred day moving average price is $30.18. 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 quarterly earnings results on Wednesday, May 7th. The utilities provider reported $2.21 EPS for the quarter, topping the consensus estimate of $1.80 by $0.41. UGI had a net margin of 7.73% and a return on equity of 15.19%. The firm had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same period last year, the firm posted $1.97 earnings per share. The business’s revenue was up 8.1% compared to the same quarter last year. As a group, analysts predict that UGI Co. will post 3.02 earnings per share for the current fiscal year.

UGI Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 16th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 4.35%. The ex-dividend date is Monday, June 16th. UGI’s dividend payout ratio is 61.73%.

Insider Transactions at UGI

In other news, insider Michael Sharp bought 4,806 shares of the business’s stock in a transaction dated 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 completion of the acquisition, the insider now owns 4,806 shares of the company’s stock, valued at approximately $160,039.80. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.73% of the company’s stock.

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.