abrdn plc cut its holdings in UGI Co. (NYSE:UGI – Get Rating) by 55.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,590 shares of the utilities provider’s stock after selling 25,584 shares during the period. abrdn plc’s holdings in UGI were worth $752,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Tobam boosted its holdings in UGI by 989.9% in the 1st quarter. Tobam now owns 752 shares of the utilities provider’s stock worth $27,000 after buying an additional 683 shares during the period. UMB Bank N A MO bought a new position in UGI in the 4th quarter worth approximately $34,000. Allegheny Financial Group LTD bought a new position in UGI in the 4th quarter worth approximately $42,000. Covestor Ltd bought a new position in UGI in the 4th quarter worth approximately $64,000. Finally, Benjamin Edwards Inc. boosted its holdings in UGI by 370.1% in the 4th quarter. Benjamin Edwards Inc. now owns 1,617 shares of the utilities provider’s stock worth $74,000 after buying an additional 1,273 shares during the period. 79.91% of the stock is owned by institutional investors.
UGI Stock Performance
NYSE UGI opened at $42.96 on Wednesday. UGI Co. has a 1 year low of $33.04 and a 1 year high of $48.55. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.66 and a quick ratio of 1.50. The stock has a market capitalization of $9.02 billion, a PE ratio of 6.14, a P/E/G ratio of 1.87 and a beta of 0.98. The company’s 50 day simple moving average is $40.86 and its two-hundred day simple moving average is $39.16.
UGI Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, July 1st. Shareholders of record on Wednesday, June 15th were paid a $0.36 dividend. The ex-dividend date was Tuesday, June 14th. This is a boost from UGI’s previous quarterly dividend of $0.35. This represents a $1.44 annualized dividend and a yield of 3.35%. UGI’s dividend payout ratio is currently 20.57%.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised shares of UGI from a “sell” rating to a “hold” rating in a report on Saturday, May 14th.
Insiders Place Their Bets
In other news, Director John L. Walsh sold 105,000 shares of the firm’s stock in a transaction on Friday, May 27th. The shares were sold at an average price of $42.36, for a total transaction of $4,447,800.00. Following the sale, the director now owns 429,734 shares in the company, valued at approximately $18,203,532.24. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.00% of the company’s stock.
UGI Corporation 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 1.4 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,600 propane distribution location.
- Get a free copy of the StockNews.com research report on UGI (UGI)
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