Nebula Research & Development LLC Has $2.15 Million Stake in UGI Co. (NYSE:UGI)

Nebula Research & Development LLC raised its stake in UGI Co. (NYSE:UGI) by 187.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 76,203 shares of the utilities provider’s stock after acquiring an additional 49,678 shares during the quarter. 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 have also recently bought and sold shares of the company. AIA Group Ltd grew its holdings in shares of UGI by 1.8% in the 4th quarter. AIA Group Ltd now owns 18,047 shares of the utilities provider’s stock worth $509,000 after purchasing an additional 323 shares during the last quarter. US Bancorp DE grew its stake in UGI by 3.7% during the fourth quarter. US Bancorp DE now owns 10,826 shares of the utilities provider’s stock worth $306,000 after buying an additional 388 shares during the last quarter. Hourglass Capital LLC increased its holdings in shares of UGI by 0.6% during the fourth quarter. Hourglass Capital LLC now owns 82,520 shares of the utilities provider’s stock worth $2,330,000 after buying an additional 470 shares in the last quarter. Wright Investors Service Inc. raised its stake in shares of UGI by 1.3% in the fourth quarter. Wright Investors Service Inc. now owns 37,206 shares of the utilities provider’s stock valued at $1,050,000 after acquiring an additional 484 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in shares of UGI by 15.1% in the 4th quarter. Venturi Wealth Management LLC now owns 3,749 shares of the utilities provider’s stock worth $106,000 after acquiring an additional 491 shares in the last quarter. 82.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at UGI

In other news, insider Michael Sharp acquired 4,806 shares of the firm’s stock in a transaction on Thursday, February 27th. The shares were purchased at an average cost of $33.30 per share, for a total transaction of $160,039.80. Following the transaction, the insider now owns 4,806 shares of the company’s stock, valued at approximately $160,039.80. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.73% of the stock is currently owned by company insiders.

UGI Trading Down 0.2 %

UGI stock opened at $32.68 on Friday. The business has a fifty day moving average price of $32.62 and a 200 day moving average price of $29.37. 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 fifty-two week low of $22.01 and a fifty-two week high of $34.49. The stock has a market capitalization of $7.02 billion, a price-to-earnings ratio of 12.87, a P/E/G ratio of 2.26 and a beta of 1.05.

UGI (NYSE:UGI) last announced its earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.16. UGI had a return on equity of 15.19% and a net margin of 7.73%. Analysts expect that UGI Co. will post 3.02 EPS for the current fiscal year.

UGI Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.59%. UGI’s payout ratio is 59.06%.

UGI Company 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.