Barclays PLC Cuts Stock Position in UGI Co. (NYSE:UGI)

Barclays PLC trimmed its stake in shares of UGI Co. (NYSE:UGI) by 37.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 197,392 shares of the utilities provider’s stock after selling 116,418 shares during the quarter. Barclays PLC’s holdings in UGI were worth $5,573,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of UGI. AIA Group Ltd increased its stake in UGI by 1.8% during the 4th quarter. AIA Group Ltd now owns 18,047 shares of the utilities provider’s stock worth $509,000 after buying an additional 323 shares in the last quarter. US Bancorp DE increased its position in shares of 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 purchasing an additional 388 shares in the last quarter. Hourglass Capital LLC raised its stake in UGI by 0.6% in the 4th quarter. Hourglass Capital LLC now owns 82,520 shares of the utilities provider’s stock valued at $2,330,000 after purchasing an additional 470 shares during the last quarter. Wright Investors Service Inc. lifted its holdings in UGI by 1.3% in the 4th quarter. Wright Investors Service Inc. now owns 37,206 shares of the utilities provider’s stock valued at $1,050,000 after purchasing an additional 484 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in UGI by 15.1% during the 4th quarter. Venturi Wealth Management LLC now owns 3,749 shares of the utilities provider’s stock worth $106,000 after purchasing an additional 491 shares during the last quarter. Hedge funds and other institutional investors own 82.34% of the company’s stock.

Insider Buying and Selling at UGI

In other news, insider Michael Sharp purchased 4,806 shares of the stock in a transaction dated Thursday, February 27th. The shares were purchased at an average price of $33.30 per share, with a total value of $160,039.80. Following the transaction, the insider now owns 4,806 shares in the company, valued at $160,039.80. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.73% of the stock is owned by company insiders.

UGI Price Performance

Shares of NYSE UGI opened at $32.66 on Friday. The firm has a 50-day simple moving average of $32.61 and a 200-day simple moving average of $29.43. The company has a quick ratio of 0.82, a current ratio of 1.00 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $7.02 billion, a price-to-earnings ratio of 12.86, a price-to-earnings-growth ratio of 2.26 and a beta of 1.05. UGI Co. has a 52 week low of $22.01 and a 52 week high of $34.49.

UGI (NYSE:UGI) last released its earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share for the quarter, topping 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, equities analysts predict that UGI Co. will post 3.02 earnings per share for the current fiscal year.

UGI Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th were paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date of this dividend was Monday, March 17th. UGI’s dividend payout ratio (DPR) is currently 59.06%.

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.