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

Comerica Bank lowered its stake in shares of UGI Co. (NYSE:UGI) by 9.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 148,598 shares of the utilities provider’s stock after selling 14,697 shares during the period. Comerica Bank owned approximately 0.07% of UGI worth $4,195,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Kapitalo Investimentos Ltda acquired a new stake in UGI during the fourth quarter worth $457,000. Schonfeld Strategic Advisors LLC boosted 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 in the last quarter. Northern Trust Corp increased its stake in UGI by 21.3% in the fourth quarter. Northern Trust Corp now owns 4,002,419 shares of the utilities provider’s stock valued at $112,988,000 after acquiring an additional 703,491 shares during the period. Boothbay Fund Management LLC raised its position in UGI by 62.4% in the fourth 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 in the last quarter. Finally, Miller Value Partners LLC lifted its stake in 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. Institutional investors own 82.34% of the company’s stock.

UGI Stock Performance

UGI stock opened at $33.52 on Wednesday. UGI Co. has a 1-year low of $22.01 and a 1-year high of $34.49. The company has a current ratio of 1.00, a quick ratio of 0.82 and a debt-to-equity ratio of 1.44. The business’s 50 day moving average is $32.62 and its 200-day moving average is $29.87. The firm has a market cap of $7.20 billion, a P/E ratio of 13.20, a P/E/G ratio of 2.26 and a beta of 1.05.

UGI (NYSE:UGI) last announced its quarterly 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%. Equities analysts anticipate that UGI Co. will post 3.02 earnings per share for the current fiscal year.

Insider Activity

In other UGI news, insider Michael Sharp bought 4,806 shares of UGI stock in a transaction dated Thursday, February 27th. The shares were acquired at an average cost of $33.30 per share, with a total value of $160,039.80. Following 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.73% of the stock is owned by corporate insiders.

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.