Charles Schwab Investment Management Inc. Buys 51,861 Shares of UGI Co. (NYSE:UGI)

Charles Schwab Investment Management Inc. raised its holdings in shares of UGI Co. (NYSE:UGI) by 2.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,555,075 shares of the utilities provider’s stock after purchasing an additional 51,861 shares during the period. Charles Schwab Investment Management Inc. owned 1.19% of UGI worth $72,130,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of UGI. S.A. Mason LLC bought a new position in UGI during the 4th quarter valued at approximately $27,000. Golden State Wealth Management LLC bought a new position in UGI during the 4th quarter valued at approximately $36,000. SBI Securities Co. Ltd. bought a new position in UGI during the 4th quarter valued at approximately $37,000. UMB Bank n.a. raised its position in UGI by 67.1% during the 4th quarter. UMB Bank n.a. now owns 1,345 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 540 shares during the last quarter. Finally, Quintet Private Bank Europe S.A. bought a new position in UGI during the 4th quarter valued at approximately $42,000. Institutional investors own 82.34% of the company’s stock.

UGI Stock Down 0.1 %

Shares of NYSE:UGI opened at $32.44 on Wednesday. UGI Co. has a 52-week low of $22.01 and a 52-week high of $34.49. The firm has a market capitalization of $6.97 billion, a P/E ratio of 12.77, a P/E/G ratio of 2.26 and a beta of 1.17. The stock has a 50 day moving average price of $31.18 and a 200-day moving average price of $27.56. 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 announced its earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.16. UGI had a return on equity of 15.19% and a net margin of 7.73%. As a group, equities research analysts anticipate that UGI Co. will post 3.02 EPS for the current fiscal year.

UGI Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.50 annualized dividend and a dividend yield of 4.62%. UGI’s payout ratio is currently 59.06%.

Analyst Ratings Changes

A number of research analysts have commented on UGI shares. Jefferies Financial Group started coverage on UGI in a research report on Friday, November 22nd. They set a “buy” rating and a $28.00 price target for the company. Mizuho raised UGI from a “neutral” rating to an “outperform” rating and upped their price target for the company from $27.00 to $30.00 in a research report on Friday, November 15th.

Insider Buying and Selling

In related news, insider Michael Sharp purchased 4,806 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were bought at an average price of $33.30 per share, for a total transaction of $160,039.80. Following the purchase, the insider now directly owns 4,806 shares of the company’s stock, valued at approximately $160,039.80. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.73% of the stock is currently owned by company 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.