Mitsubishi UFJ Trust & Banking Corp Sells 1,972,395 Shares of UGI Co. (NYSE:UGI)

Mitsubishi UFJ Trust & Banking Corp lessened its position in UGI Co. (NYSE:UGI) by 38.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,171,625 shares of the utilities provider’s stock after selling 1,972,395 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in UGI were worth $89,598,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of UGI. US Bancorp DE boosted its position in UGI by 3.7% in the 4th quarter. US Bancorp DE now owns 10,826 shares of the utilities provider’s stock valued at $306,000 after buying an additional 388 shares during the period. Hourglass Capital LLC increased its holdings in UGI by 0.6% during the 4th quarter. Hourglass Capital LLC now owns 82,520 shares of the utilities provider’s stock worth $2,330,000 after purchasing an additional 470 shares during the period. Wright Investors Service Inc. lifted its holdings in shares of UGI by 1.3% in the 4th quarter. Wright Investors Service Inc. now owns 37,206 shares of the utilities provider’s stock worth $1,050,000 after buying an additional 484 shares during the period. MetLife Investment Management LLC grew its holdings in UGI by 0.4% during the 3rd quarter. MetLife Investment Management LLC now owns 110,875 shares of the utilities provider’s stock worth $2,774,000 after acquiring an additional 489 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its position 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 hedge funds and other institutional investors.

Insider Activity at UGI

In other news, insider Michael Sharp bought 4,806 shares of the 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 purchase, the insider now directly owns 4,806 shares in the company, valued at $160,039.80. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.73% of the company’s stock.

UGI Trading Down 0.3 %

NYSE:UGI opened at $33.12 on Tuesday. The firm has a 50 day moving average of $32.00 and a 200 day moving average of $28.07. 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 Co. has a 52 week low of $22.01 and a 52 week high of $34.49. The stock has a market capitalization of $7.11 billion, a price-to-earnings ratio of 13.04, a PEG ratio of 2.26 and a beta of 1.17.

UGI (NYSE:UGI) last posted its quarterly earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share (EPS) 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%. As a group, sell-side analysts anticipate that UGI Co. will post 3.02 earnings per share for the current fiscal year.

UGI Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 4.53%. The ex-dividend date of this dividend is Monday, March 17th. UGI’s dividend payout ratio (DPR) is 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.