Zacks Investment Management Has $777,000 Stock Holdings in UGI Co. (NYSE:UGI)

Zacks Investment Management lowered its stake in UGI Co. (NYSE:UGI) by 12.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 27,524 shares of the utilities provider’s stock after selling 4,048 shares during the period. Zacks Investment Management’s holdings in UGI were worth $777,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in UGI. FMR LLC boosted its holdings in UGI by 22.4% during the fourth quarter. FMR LLC now owns 11,529,202 shares of the utilities provider’s stock worth $325,469,000 after buying an additional 2,110,337 shares during the last quarter. Geode Capital Management LLC boosted its stake in UGI by 6.2% during the 4th quarter. Geode Capital Management LLC now owns 5,058,998 shares of the utilities provider’s stock worth $157,200,000 after acquiring an additional 296,028 shares during the last quarter. Federated Hermes Inc. grew its holdings in UGI by 25.5% during the fourth quarter. Federated Hermes Inc. now owns 4,962,740 shares of the utilities provider’s stock valued at $140,098,000 after purchasing an additional 1,007,156 shares during the period. LSV Asset Management increased its stake in UGI by 10.0% in the fourth quarter. LSV Asset Management now owns 3,786,293 shares of the utilities provider’s stock valued at $106,887,000 after purchasing an additional 343,942 shares in the last quarter. Finally, Norges Bank acquired a new stake in UGI in the fourth quarter worth $103,115,000. 82.34% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at UGI

In other UGI news, insider Michael Sharp purchased 4,806 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were purchased at an average cost of $33.30 per share, with a total value of $160,039.80. Following the transaction, the insider now directly owns 4,806 shares of the company’s stock, valued at $160,039.80. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.73% of the company’s stock.

UGI Price Performance

Shares of UGI stock opened at $33.13 on Friday. 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 12-month low of $22.01 and a 12-month high of $34.49. The firm has a fifty day moving average of $32.59 and a 200-day moving average of $29.17. The firm has a market capitalization of $7.12 billion, a price-to-earnings ratio of 13.04, a price-to-earnings-growth ratio of 2.26 and a beta of 1.05.

UGI (NYSE:UGI) last posted 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 return on equity of 15.19% and a net margin of 7.73%. On average, equities research analysts forecast that UGI Co. will post 3.02 earnings per share for the current year.

UGI Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 4.53%. The ex-dividend date of this dividend was Monday, March 17th. UGI’s dividend payout ratio 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.