AIA Group Ltd Buys 323 Shares of UGI Co. (NYSE:UGI)

AIA Group Ltd lifted its stake in shares of UGI Co. (NYSE:UGI) by 1.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,047 shares of the utilities provider’s stock after purchasing an additional 323 shares during the quarter. AIA Group Ltd’s holdings in UGI were worth $509,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in UGI. Citigroup Inc. increased its holdings in shares of UGI by 33.0% during the third quarter. Citigroup Inc. now owns 203,313 shares of the utilities provider’s stock worth $5,087,000 after buying an additional 50,485 shares in the last quarter. FMR LLC increased its holdings in UGI by 42.0% in 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 in the last quarter. JPMorgan Chase & Co. raised its position in UGI by 35.1% in the third quarter. JPMorgan Chase & Co. now owns 1,227,732 shares of the utilities provider’s stock valued at $30,718,000 after purchasing an additional 318,655 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of 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 purchasing an additional 130,407 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew 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 purchasing an additional 51,861 shares during the last quarter. 82.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Michael Sharp bought 4,806 shares of UGI stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average cost of $33.30 per share, for a total transaction of $160,039.80. Following the completion of the acquisition, the insider now directly owns 4,806 shares of the company’s stock, valued at approximately $160,039.80. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.73% of the company’s stock.

UGI Stock Up 0.7 %

Shares of NYSE UGI opened at $33.09 on Tuesday. The company has a 50 day simple moving average of $32.32 and a 200 day simple moving average of $28.40. 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 Co. has a 1 year low of $22.01 and a 1 year high of $34.49. The firm has a market cap of $7.11 billion, a PE ratio of 13.03, a price-to-earnings-growth ratio of 2.26 and a beta of 1.17.

UGI (NYSE:UGI) last released its quarterly earnings results 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 net margin of 7.73% and a return on equity of 15.19%. On average, research analysts forecast that UGI Co. will post 3.02 EPS for the current year.

UGI Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th will be given a $0.375 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.53%. UGI’s dividend payout ratio (DPR) is presently 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.