Atlas Capital Advisors Inc. Takes $46,000 Position in UGI Co. (NYSE:UGI)

Atlas Capital Advisors Inc. bought a new position in shares of UGI Co. (NYSE:UGI) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,642 shares of the utilities provider’s stock, valued at approximately $46,000.

Other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake 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 valued at $30,718,000 after purchasing an additional 318,655 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in UGI by 254.3% during the 4th 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 during the last quarter. Charles Schwab Investment Management Inc. grew its stake in 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 buying an additional 51,861 shares during the last quarter. Bleakley Financial Group LLC acquired a new stake in shares of UGI during the fourth quarter worth approximately $253,000. Finally, Everence Capital Management Inc. acquired a new stake in UGI during the 4th quarter valued at $593,000. Institutional investors and hedge funds own 82.34% of the company’s stock.

Insider Activity

In related news, insider Michael Sharp acquired 4,806 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average cost 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 $160,039.80. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.73% of the company’s stock.

UGI Price Performance

UGI stock opened at $31.00 on Friday. The business’s fifty day moving average is $32.49 and its two-hundred day moving average is $28.61. 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 firm has a market cap of $6.66 billion, a P/E ratio of 12.20, a P/E/G ratio of 2.26 and a beta of 1.05. UGI Co. has a 52 week low of $22.01 and a 52 week high of $34.49.

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 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 earnings per share for the current fiscal year.

UGI Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date of this dividend was Monday, March 17th. UGI’s payout ratio is currently 59.06%.

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.