UGI Co. (NYSE:UGI) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets decreased its holdings in shares of UGI Co. (NYSE:UGI) by 58.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 182,531 shares of the utilities provider’s stock after selling 254,224 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.09% of UGI worth $5,153,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of UGI. Allspring Global Investments Holdings LLC boosted its stake in UGI by 254.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 181,687 shares of the utilities provider’s stock valued at $5,138,000 after buying an additional 130,407 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of UGI by 2.1% during 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 buying an additional 51,861 shares during the last quarter. Bleakley Financial Group LLC bought a new stake in shares of UGI during the fourth quarter valued at approximately $253,000. Jump Financial LLC raised its position in UGI by 190.8% in the fourth quarter. Jump Financial LLC now owns 34,158 shares of the utilities provider’s stock worth $964,000 after purchasing an additional 22,411 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its stake in UGI by 1,232.3% during the fourth quarter. Sanctuary Advisors LLC now owns 291,464 shares of the utilities provider’s stock worth $9,032,000 after acquiring an additional 269,588 shares in the last quarter. Institutional investors own 82.34% of the company’s stock.

Insider Buying and Selling

In other news, insider Michael Sharp purchased 4,806 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was bought at an average price of $33.30 per share, with a total value of $160,039.80. Following the acquisition, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.73% of the stock is owned by insiders.

UGI Price Performance

NYSE:UGI opened at $34.63 on Wednesday. The company’s 50-day moving average price is $32.72 and its two-hundred day moving average price is $30.21. UGI Co. has a 12 month low of $22.01 and a 12 month high of $35.41. The firm has a market cap of $7.44 billion, a PE ratio of 13.63, a price-to-earnings-growth ratio of 2.26 and a beta of 1.05. 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 earnings results on Wednesday, May 7th. The utilities provider reported $2.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.41. The company had revenue of $2.67 billion for the quarter, compared to analyst estimates of $3.26 billion. UGI had a net margin of 7.73% and a return on equity of 15.19%. UGI’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.97 earnings per share. On average, equities analysts anticipate that UGI Co. will post 3.02 EPS for the current fiscal year.

UGI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, May 16th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.50 dividend on an annualized basis and a yield of 4.33%. UGI’s payout ratio is presently 61.73%.

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.