Heartland Advisors Inc. Trims Stock Holdings in UGI Co. (NYSE:UGI)

Heartland Advisors Inc. decreased its holdings in UGI Co. (NYSE:UGI) by 24.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 350,000 shares of the utilities provider’s stock after selling 114,050 shares during the period. Heartland Advisors Inc. owned about 0.16% of UGI worth $9,880,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. US Bancorp DE grew its position in shares of UGI by 3.7% in the fourth quarter. US Bancorp DE now owns 10,826 shares of the utilities provider’s stock valued at $306,000 after purchasing an additional 388 shares in the last quarter. Hourglass Capital LLC grew its holdings in UGI by 0.6% in the 4th quarter. Hourglass Capital LLC now owns 82,520 shares of the utilities provider’s stock valued at $2,330,000 after buying an additional 470 shares in the last quarter. Wright Investors Service Inc. increased its stake in shares of UGI by 1.3% in the 4th quarter. Wright Investors Service Inc. now owns 37,206 shares of the utilities provider’s stock worth $1,050,000 after acquiring an additional 484 shares during the last quarter. MetLife Investment Management LLC grew its holdings 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 purchasing an additional 489 shares during the period. Finally, Venturi Wealth Management LLC raised its stake 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 purchasing an additional 491 shares during the period. 82.34% of the stock is owned by hedge funds and other institutional investors.

UGI Trading Down 0.4 %

Shares of UGI stock opened at $32.92 on Friday. The company has a 50-day moving average of $32.20 and a two-hundred day moving average of $28.20. 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 Co. has a 1-year low of $22.01 and a 1-year high of $34.49. The firm has a market cap of $7.07 billion, a PE ratio of 12.96, a price-to-earnings-growth ratio of 2.26 and a beta of 1.17.

UGI (NYSE:UGI) last announced 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, analysts predict that UGI Co. will post 3.02 EPS for the current year.

UGI Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a yield of 4.56%. The ex-dividend date is Monday, March 17th. UGI’s payout ratio 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 that occurred on Thursday, February 27th. The shares were acquired at an average price of $33.30 per share, with a total value of $160,039.80. Following the completion of the purchase, the insider now directly owns 4,806 shares in the company, valued at approximately $160,039.80. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.73% of the stock is owned by corporate insiders.

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.