Corebridge Financial Inc. Sells 10,915 Shares of UGI Co. (NYSE:UGI)

Corebridge Financial Inc. decreased its holdings in shares of UGI Co. (NYSE:UGI) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 242,928 shares of the utilities provider’s stock after selling 10,915 shares during the period. Corebridge Financial Inc.’s holdings in UGI were worth $6,858,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in UGI. Citigroup Inc. increased its position in UGI by 33.0% during the 3rd quarter. Citigroup Inc. now owns 203,313 shares of the utilities provider’s stock valued at $5,087,000 after buying an additional 50,485 shares in the last quarter. FMR LLC increased its holdings in shares of UGI by 42.0% during the third quarter. FMR LLC now owns 9,418,865 shares of the utilities provider’s stock valued at $235,660,000 after acquiring an additional 2,786,878 shares in the last quarter. JPMorgan Chase & Co. raised its position 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 purchasing an additional 318,655 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in UGI by 254.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 181,687 shares of the utilities provider’s stock worth $5,138,000 after purchasing an additional 130,407 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position 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 valued at $62,630,000 after purchasing an additional 808,113 shares during the last quarter. 82.34% of the stock is currently owned by hedge funds and other institutional investors.

UGI Trading Down 0.2 %

Shares of NYSE UGI opened at $32.88 on Friday. The firm’s 50 day moving average price is $32.26 and its 200-day moving average price is $28.27. UGI Co. has a 52-week low of $22.01 and a 52-week high of $34.49. 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 company has a market cap of $7.06 billion, a PE ratio of 12.95, a P/E/G ratio of 2.26 and a beta of 1.17.

UGI (NYSE:UGI) last released 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%. On average, equities research analysts expect that UGI Co. will post 3.02 EPS for the current fiscal 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 given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date of this dividend is Monday, March 17th. UGI’s dividend payout ratio (DPR) is 59.06%.

Insider Buying and Selling at UGI

In related news, insider Michael Sharp acquired 4,806 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was purchased at an average cost of $33.30 per share, with a total value 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. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company 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.