KLP Kapitalforvaltning AS Buys New Position in UGI Co. (NYSE:UGI)

KLP Kapitalforvaltning AS purchased a new position in UGI Co. (NYSE:UGI) during the 4th quarter, Holdings Channel reports. The fund purchased 83,300 shares of the utilities provider’s stock, valued at approximately $2,378,000.

Several other institutional investors have also added to or reduced their stakes in the business. Citigroup Inc. raised its holdings in UGI by 33.0% in the 3rd quarter. Citigroup Inc. now owns 203,313 shares of the utilities provider’s stock worth $5,087,000 after purchasing an additional 50,485 shares during the period. FMR LLC raised its stake in shares of UGI by 42.0% in the third quarter. FMR LLC now owns 9,418,865 shares of the utilities provider’s stock worth $235,660,000 after buying an additional 2,786,878 shares during the period. JPMorgan Chase & Co. lifted its position in shares of UGI by 35.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,227,732 shares of the utilities provider’s stock valued at $30,718,000 after buying an additional 318,655 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of UGI by 254.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 181,687 shares of the utilities provider’s stock valued at $5,138,000 after acquiring an additional 130,407 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in UGI by 47.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,503,214 shares of the utilities provider’s stock worth $62,630,000 after acquiring an additional 808,113 shares in the last quarter. 82.34% of the stock is currently owned by institutional investors.

UGI Price Performance

NYSE UGI opened at $32.92 on Friday. The stock has a market cap of $7.07 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 2.26 and a beta of 1.17. UGI Co. has a 12 month low of $22.01 and a 12 month high of $34.49. The company’s 50 day moving average is $32.20 and its two-hundred day moving average is $28.20. The company has a current ratio of 1.00, a quick ratio of 0.82 and a debt-to-equity ratio of 1.44.

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

UGI Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 4.56%. The ex-dividend date of this dividend is Monday, March 17th. UGI’s dividend payout ratio is currently 59.06%.

Insider Activity at UGI

In other UGI news, insider Michael Sharp purchased 4,806 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was acquired at an average cost of $33.30 per share, for a total transaction of $160,039.80. Following the purchase, the insider now directly owns 4,806 shares of the company’s stock, valued at $160,039.80. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.73% of the stock is owned by corporate insiders.

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.