Easterly Investment Partners LLC Has $1.99 Million Stock Holdings in UGI Co. (NYSE:UGI)

Easterly Investment Partners LLC increased its stake in shares of UGI Co. (NYSE:UGI) by 18.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 70,338 shares of the utilities provider’s stock after buying an additional 11,100 shares during the period. Easterly Investment Partners LLC’s holdings in UGI were worth $1,986,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of UGI. US Bancorp DE boosted its holdings in shares of UGI by 3.7% during the fourth quarter. US Bancorp DE now owns 10,826 shares of the utilities provider’s stock worth $306,000 after acquiring an additional 388 shares during the period. Hourglass Capital LLC increased its position in UGI by 0.6% during the 4th quarter. Hourglass Capital LLC now owns 82,520 shares of the utilities provider’s stock worth $2,330,000 after buying an additional 470 shares during the period. Wright Investors Service Inc. lifted its holdings in shares of UGI by 1.3% during the fourth quarter. Wright Investors Service Inc. now owns 37,206 shares of the utilities provider’s stock worth $1,050,000 after buying an additional 484 shares in the last quarter. MetLife Investment Management LLC boosted its position in shares of UGI by 0.4% in the third quarter. MetLife Investment Management LLC now owns 110,875 shares of the utilities provider’s stock valued at $2,774,000 after acquiring an additional 489 shares during the period. Finally, Venturi Wealth Management LLC increased its position in UGI by 15.1% during the fourth quarter. Venturi Wealth Management LLC now owns 3,749 shares of the utilities provider’s stock worth $106,000 after acquiring an additional 491 shares during the period. Institutional investors and hedge funds own 82.34% of the company’s stock.

UGI Stock Up 0.5 %

Shares of UGI opened at $33.01 on Thursday. The company has a current ratio of 1.00, a quick ratio of 0.82 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $7.09 billion, a PE ratio of 12.99, a P/E/G ratio of 2.26 and a beta of 1.17. The firm’s 50 day moving average is $32.14 and its 200-day moving average is $28.17. UGI Co. has a 12 month low of $22.01 and a 12 month high of $34.49.

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

UGI Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 4.54%. The ex-dividend date is Monday, March 17th. UGI’s payout ratio is presently 59.06%.

Insider Buying and Selling at UGI

In other UGI news, insider Michael Sharp bought 4,806 shares of the firm’s 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 transaction, the insider now directly owns 4,806 shares in the company, valued at approximately $160,039.80. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.73% of the company’s stock.

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.