Whittier Trust Co. of Nevada Inc. Buys New Stake in UGI Co. (NYSE:UGI)

Whittier Trust Co. of Nevada Inc. purchased a new position in shares of UGI Co. (NYSE:UGI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 12,756 shares of the utilities provider’s stock, valued at approximately $360,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. S.A. Mason LLC purchased a new stake in UGI during the 4th quarter worth $27,000. Flagship Wealth Advisors LLC purchased a new stake in UGI during the 4th quarter worth $30,000. Golden State Wealth Management LLC purchased a new stake in UGI during the 4th quarter worth $36,000. Vision Financial Markets LLC purchased a new stake in UGI during the 4th quarter worth $36,000. Finally, SBI Securities Co. Ltd. purchased a new stake in UGI during the 4th quarter worth $37,000. Hedge funds and other institutional investors own 82.34% of the company’s stock.

UGI Stock Performance

UGI stock opened at $33.19 on Friday. The firm’s fifty day moving average price is $31.92 and its 200 day moving average price is $27.99. The company has a market capitalization of $7.13 billion, a price-to-earnings ratio of 13.07, a price-to-earnings-growth 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 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 released its earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share for the quarter, topping 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 fiscal year.

UGI Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 4.52%. The ex-dividend date is Monday, March 17th. UGI’s payout ratio is currently 59.06%.

Insider Transactions at UGI

In related news, insider Michael Sharp bought 4,806 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was bought at an average price of $33.30 per share, with a total value of $160,039.80. Following the transaction, the insider now owns 4,806 shares of the company’s stock, valued at approximately $160,039.80. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.73% of the company’s stock.

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.