Hazlett Burt & Watson Inc. Cuts Position in UGI Co. (NYSE:UGI)

Hazlett Burt & Watson Inc. trimmed its stake in UGI Co. (NYSE:UGI) by 22.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,185 shares of the utilities provider’s stock after selling 922 shares during the period. Hazlett Burt & Watson Inc.’s holdings in UGI were worth $90,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. O Shaughnessy Asset Management LLC boosted its holdings in shares of UGI by 66.9% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 28,860 shares of the utilities provider’s stock valued at $815,000 after buying an additional 11,567 shares in the last quarter. Pictet Asset Management Holding SA lifted its position in UGI by 5,776.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,739,419 shares of the utilities provider’s stock valued at $49,104,000 after acquiring an additional 1,709,820 shares during the last quarter. New Age Alpha Advisors LLC purchased a new position in UGI in the fourth quarter worth $231,000. Easterly Investment Partners LLC increased its position in shares of UGI by 18.7% during the fourth quarter. Easterly Investment Partners LLC now owns 70,338 shares of the utilities provider’s stock worth $1,986,000 after purchasing an additional 11,100 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of UGI during the 4th quarter valued at $103,115,000. Institutional investors own 82.34% of the company’s stock.

Insider Transactions at UGI

In other news, insider Michael Sharp bought 4,806 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The stock was purchased at an average price 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 $160,039.80. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.73% of the company’s stock.

UGI Stock Up 0.7 %

UGI stock opened at $33.09 on Tuesday. The business has a fifty day moving average price of $32.32 and a 200-day moving average price of $28.40. UGI Co. has a 1-year low of $22.01 and a 1-year high of $34.49. The stock has a market capitalization of $7.11 billion, a price-to-earnings ratio of 13.03, a PEG ratio of 2.26 and a beta of 1.17. 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 (NYSE:UGI) last issued its quarterly 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 EPS for the current fiscal year.

UGI Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th will be issued 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 4.53%. UGI’s dividend payout ratio is currently 59.06%.

UGI 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.