Summit Investment Advisors Inc. Reduces Stake in UGI Co. (NYSE:UGI)

Summit Investment Advisors Inc. lessened its stake in UGI Co. (NYSE:UGI) by 2.4% during the fourth quarter, HoldingsChannel reports. The firm owned 43,001 shares of the utilities provider’s stock after selling 1,045 shares during the period. Summit Investment Advisors Inc.’s holdings in UGI were worth $1,214,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. AIA Group Ltd increased its position in UGI by 1.8% in the fourth quarter. AIA Group Ltd now owns 18,047 shares of the utilities provider’s stock worth $509,000 after buying an additional 323 shares during the last quarter. US Bancorp DE increased its holdings in UGI by 3.7% in the 4th quarter. US Bancorp DE now owns 10,826 shares of the utilities provider’s stock worth $306,000 after acquiring an additional 388 shares during 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 acquiring an additional 470 shares during the period. Wright Investors Service Inc. lifted its holdings in UGI by 1.3% during the fourth 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 during the last quarter. Finally, Venturi Wealth Management LLC boosted its position in UGI by 15.1% during the fourth 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 period. Hedge funds and other institutional investors own 82.34% of the company’s stock.

Insiders Place Their Bets

In other news, insider Michael Sharp purchased 4,806 shares of the business’s stock in a transaction on Thursday, February 27th. The stock was purchased 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 in the company, valued at approximately $160,039.80. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.73% of the stock is owned by corporate insiders.

UGI Price Performance

UGI opened at $32.81 on Thursday. The firm has a 50-day moving average price of $32.54 and a 200-day moving average price of $29.02. UGI Co. has a twelve month low of $22.01 and a twelve month high of $34.49. 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 company has a market capitalization of $7.05 billion, a price-to-earnings ratio of 12.92, a PEG ratio of 2.26 and a beta of 1.05.

UGI (NYSE:UGI) last issued its earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share (EPS) for the quarter, beating 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%. Equities analysts expect that UGI Co. will post 3.02 EPS for the current year.

UGI Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 17th were issued a dividend of $0.375 per share. The ex-dividend date was Monday, March 17th. This represents a $1.50 dividend on an annualized basis and a yield of 4.57%. UGI’s dividend payout ratio (DPR) is 59.06%.

UGI Company Profile

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.