New Age Alpha Advisors LLC Acquires New Position in UGI Co. (NYSE:UGI)

New Age Alpha Advisors LLC bought a new position in UGI Co. (NYSE:UGI) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 8,183 shares of the utilities provider’s stock, valued at approximately $231,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in 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 acquiring an additional 318,655 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of UGI by 254.3% in the fourth 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 during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of 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 valued at $72,130,000 after purchasing an additional 51,861 shares in the last quarter. Bleakley Financial Group LLC purchased a new stake in shares of UGI during the fourth quarter valued at $253,000. Finally, Everence Capital Management Inc. bought a new stake in UGI in the 4th quarter worth about $593,000. Institutional investors own 82.34% of the company’s stock.

Insider Buying and Selling at UGI

In other UGI news, insider Michael Sharp acquired 4,806 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 4,806 shares in the company, valued at approximately $160,039.80. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.73% of the company’s stock.

UGI Price Performance

UGI opened at $33.72 on Thursday. The company’s 50-day simple moving average is $32.44 and its two-hundred day simple moving average is $28.50. 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 stock has a market capitalization of $7.24 billion, a P/E ratio of 13.28, a P/E/G ratio of 2.26 and a beta of 1.17. UGI Co. has a 52-week low of $22.01 and a 52-week high of $34.49.

UGI (NYSE:UGI) last issued its earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.16. UGI had a net margin of 7.73% and a return on equity of 15.19%. As a group, analysts predict that UGI Co. will post 3.02 EPS for the current year.

UGI Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th were given a $0.375 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.50 annualized dividend and a yield of 4.45%. UGI’s payout ratio is 59.06%.

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.