Natixis Advisors LLC Acquires 9,549 Shares of UGI Co. (NYSE:UGI)

Natixis Advisors LLC lifted its stake in UGI Co. (NYSE:UGI) by 23.7% in the 4th quarter, HoldingsChannel reports. The fund owned 49,830 shares of the utilities provider’s stock after purchasing an additional 9,549 shares during the quarter. Natixis Advisors LLC’s holdings in UGI were worth $1,407,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in UGI. US Bancorp DE boosted its holdings in shares of 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 in the last quarter. Hourglass Capital LLC grew its holdings in UGI by 0.6% in the fourth 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 last quarter. Wright Investors Service Inc. lifted its holdings in shares of UGI by 1.3% during the 4th 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. MetLife Investment Management LLC boosted its position in shares of UGI by 0.4% in the 3rd quarter. MetLife Investment Management LLC now owns 110,875 shares of the utilities provider’s stock worth $2,774,000 after purchasing an additional 489 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its stake in UGI by 15.1% in the fourth quarter. Venturi Wealth Management LLC now owns 3,749 shares of the utilities provider’s stock valued at $106,000 after buying an additional 491 shares during the last quarter. Hedge funds and other institutional investors own 82.34% of the company’s stock.

Insider Activity at UGI

In related news, insider Michael Sharp acquired 4,806 shares of UGI stock in a transaction that occurred on Thursday, February 27th. The shares were purchased at an average cost of $33.30 per share, for a total transaction of $160,039.80. Following the acquisition, the insider now owns 4,806 shares in the company, valued at approximately $160,039.80. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.73% of the stock is owned by corporate insiders.

UGI Price Performance

Shares of UGI opened at $32.85 on Wednesday. The company’s fifty day moving average price is $32.07 and its 200-day moving average price is $28.14. The firm has a market capitalization of $7.06 billion, a PE ratio of 12.93, a price-to-earnings-growth ratio of 2.26 and a beta of 1.17. UGI Co. has a 1-year low of $22.01 and a 1-year high of $34.49. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.00 and a quick ratio of 0.82.

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 net margin of 7.73% and a return on equity of 15.19%. On average, equities research analysts predict that UGI Co. will post 3.02 EPS for the current year.

UGI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 4.57%. The ex-dividend date is Monday, March 17th. UGI’s payout ratio is currently 59.06%.

UGI 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.