Congress Wealth Management LLC DE Acquires New Shares in UGI Co. (NYSE:UGI)

Congress Wealth Management LLC DE bought a new position in shares of UGI Co. (NYSE:UGI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 138,508 shares of the utilities provider’s stock, valued at approximately $3,910,000. Congress Wealth Management LLC DE owned about 0.06% of UGI as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC increased its position in shares of UGI by 42.0% during the 3rd quarter. FMR LLC now owns 9,418,865 shares of the utilities provider’s stock worth $235,660,000 after purchasing an additional 2,786,878 shares during the last quarter. Hennessy Advisors Inc. boosted its stake in UGI by 2,050.9% during the fourth quarter. Hennessy Advisors Inc. now owns 2,375,752 shares of the utilities provider’s stock worth $67,067,000 after buying an additional 2,265,300 shares during the period. Geode Capital Management LLC increased its position in shares of UGI by 33.8% during the third quarter. Geode Capital Management LLC now owns 4,762,970 shares of the utilities provider’s stock valued at $127,246,000 after acquiring an additional 1,202,938 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of 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 valued at $62,630,000 after acquiring an additional 808,113 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of UGI by 35.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,227,732 shares of the utilities provider’s stock worth $30,718,000 after acquiring an additional 318,655 shares during the last quarter. Hedge funds and other institutional investors own 82.34% of the company’s stock.

UGI Stock Down 0.9 %

UGI stock opened at $32.85 on Wednesday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.82 and a current ratio of 1.00. The firm has a 50 day moving average price of $32.07 and a 200 day moving average price of $28.14. UGI Co. has a fifty-two week low of $22.01 and a fifty-two week high of $34.49. The company 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 (NYSE:UGI) last posted its quarterly earnings data on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.16. UGI had a return on equity of 15.19% and a net margin of 7.73%. Research analysts expect that UGI Co. will post 3.02 earnings per share for the current year.

UGI Dividend Announcement

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

Insider Buying and Selling

In related news, insider Michael Sharp acquired 4,806 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were acquired at an average price of $33.30 per share, with a total value of $160,039.80. Following the completion of the transaction, the insider now owns 4,806 shares of the company’s stock, valued at $160,039.80. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.73% of the stock is owned by insiders.

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.