Congress Wealth Management LLC DE Makes New $3.91 Million Investment in UGI Co. (NYSE:UGI)

Congress Wealth Management LLC DE acquired a new stake in UGI Co. (NYSE:UGI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 138,508 shares of the utilities provider’s stock, valued at approximately $3,910,000.

Other institutional investors have also modified their holdings of the company. S.A. Mason LLC purchased a new position in UGI in the fourth quarter valued at $27,000. Flagship Wealth Advisors LLC purchased a new position in shares of UGI in the 4th quarter valued at about $30,000. Golden State Wealth Management LLC acquired a new stake in shares of UGI during the 4th quarter worth about $36,000. Vision Financial Markets LLC purchased a new stake in UGI during the fourth quarter worth approximately $36,000. Finally, SBI Securities Co. Ltd. acquired a new position in UGI in the fourth quarter valued at approximately $37,000. 82.34% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Michael Sharp acquired 4,806 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was acquired 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 owns 4,806 shares of the company’s stock, valued at $160,039.80. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.73% of the stock is currently owned by company insiders.

UGI Stock Performance

Shares of UGI stock opened at $32.85 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 1.00 and a debt-to-equity ratio of 1.44. UGI Co. has a 52 week low of $22.01 and a 52 week high of $34.49. The firm’s 50 day moving average is $32.07 and its two-hundred day moving average is $28.14. The firm has a market capitalization of $7.06 billion, a P/E ratio of 12.93, a P/E/G ratio of 2.26 and a beta of 1.17.

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

UGI Announces Dividend

The company 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 $0.375 dividend. 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 4.57%. UGI’s dividend payout ratio (DPR) is presently 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.