Signaturefd LLC Has $193,000 Position in UGI Co. (NYSE:UGI)

Signaturefd LLC cut its position in UGI Co. (NYSE:UGI) by 13.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,840 shares of the utilities provider’s stock after selling 1,045 shares during the quarter. Signaturefd LLC’s holdings in UGI were worth $193,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Natixis Advisors LLC grew its holdings in UGI by 37.8% during the 3rd quarter. Natixis Advisors LLC now owns 40,281 shares of the utilities provider’s stock worth $1,008,000 after acquiring an additional 11,040 shares during the last quarter. Commerce Bank bought a new stake in UGI during the 3rd quarter worth approximately $645,000. Massachusetts Financial Services Co. MA grew its holdings in UGI by 3.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,026,717 shares of the utilities provider’s stock worth $25,688,000 after acquiring an additional 35,562 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in UGI by 47.7% during 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 during the last quarter. Finally, Citigroup Inc. boosted its stake in shares of UGI by 33.0% in the 3rd quarter. Citigroup Inc. now owns 203,313 shares of the utilities provider’s stock valued at $5,087,000 after purchasing an additional 50,485 shares during the last quarter. 82.34% of the stock is owned by institutional investors.

UGI Trading Down 1.3 %

NYSE:UGI opened at $33.19 on Friday. The firm’s fifty day moving average is $31.92 and its 200-day moving average is $27.99. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.82 and a current ratio of 1.00. UGI Co. has a 52 week low of $22.01 and a 52 week high of $34.49. The firm has a market cap of $7.13 billion, a P/E ratio of 13.07, a P/E/G 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 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%. Equities analysts expect that UGI Co. will post 3.02 earnings per share for the current year.

UGI Announces Dividend

The business 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. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.52%. UGI’s payout ratio is presently 59.06%.

Insiders Place Their Bets

In other UGI news, insider Michael Sharp acquired 4,806 shares of the stock in a transaction on Thursday, February 27th. The shares were purchased at an average price of $33.30 per share, for a total transaction of $160,039.80. Following the completion of the acquisition, the insider now owns 4,806 shares in the company, valued at approximately $160,039.80. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.73% of the company’s stock.

About UGI

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.