Raymond James Financial Inc. Takes Position in UGI Co. (NYSE:UGI)

Raymond James Financial Inc. bought a new stake in shares of UGI Co. (NYSE:UGI) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 241,585 shares of the utilities provider’s stock, valued at approximately $6,820,000. Raymond James Financial Inc. owned about 0.11% of UGI as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the business. Vision Financial Markets LLC bought a new position in shares of UGI during the fourth quarter valued at approximately $36,000. Arizona State Retirement System grew its stake in shares of UGI by 3.2% during the fourth quarter. Arizona State Retirement System now owns 62,305 shares of the utilities provider’s stock valued at $1,759,000 after buying an additional 1,945 shares during the last quarter. Aigen Investment Management LP grew its stake in shares of UGI by 49.5% during the fourth quarter. Aigen Investment Management LP now owns 28,961 shares of the utilities provider’s stock valued at $818,000 after buying an additional 9,592 shares during the last quarter. Proficio Capital Partners LLC bought a new position in UGI in the fourth quarter worth approximately $582,000. Finally, Charles Schwab Investment Management Inc. grew its stake in UGI by 2.1% in 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 purchasing an additional 51,861 shares in the last quarter. Institutional investors own 82.34% of the company’s stock.

UGI Stock Down 1.3 %

Shares of NYSE:UGI opened at $33.19 on Monday. UGI Co. has a 52-week low of $22.01 and a 52-week high of $34.49. The stock has a market cap of $7.13 billion, a P/E ratio of 13.07, a price-to-earnings-growth ratio of 2.26 and a beta of 1.17. The business’s 50 day moving average is $31.92 and its 200 day moving average is $28.01. The company has a quick ratio of 0.82, a current ratio of 1.00 and a debt-to-equity ratio of 1.44.

UGI (NYSE:UGI) last announced its quarterly earnings data 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%. Sell-side analysts predict that UGI Co. will post 3.02 EPS for the current year.

UGI Dividend Announcement

The company also recently disclosed 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 is Monday, March 17th. This represents a $1.50 annualized dividend and a yield of 4.52%. UGI’s dividend payout ratio (DPR) is currently 59.06%.

Insider Buying and Selling

In related news, insider Michael Sharp bought 4,806 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were acquired 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 of the company’s stock, valued at $160,039.80. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.73% of the stock is owned by 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.