Proficio Capital Partners LLC Takes $582,000 Position in UGI Co. (NYSE:UGI)

Proficio Capital Partners LLC purchased a new stake in UGI Co. (NYSE:UGI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 20,608 shares of the utilities provider’s stock, valued at approximately $582,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. S.A. Mason LLC acquired a new position in UGI in the 4th quarter worth $27,000. Golden State Wealth Management LLC acquired a new position in UGI in the 4th quarter worth $36,000. SBI Securities Co. Ltd. acquired a new position in UGI in the 4th quarter worth $37,000. UMB Bank n.a. boosted its stake in UGI by 67.1% in the 4th quarter. UMB Bank n.a. now owns 1,345 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 540 shares during the period. Finally, Quintet Private Bank Europe S.A. acquired a new position in UGI in the 4th quarter worth $42,000. 82.34% of the stock is owned by institutional investors and hedge funds.

UGI Price Performance

Shares of NYSE UGI opened at $33.19 on Monday. The firm has a market cap of $7.13 billion, a PE ratio of 13.07, a PEG ratio of 2.26 and a beta of 1.17. The company has a current ratio of 1.00, a quick ratio of 0.82 and a debt-to-equity ratio of 1.44. UGI Co. has a 1-year low of $22.01 and a 1-year high of $34.49. The company has a fifty day moving average price of $31.92 and a 200 day moving average price of $28.01.

UGI (NYSE:UGI) last announced its 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 net margin of 7.73% and a return on equity of 15.19%. Research analysts predict that UGI Co. will post 3.02 earnings per share for the current fiscal year.

UGI Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.50 annualized dividend and a yield of 4.52%. UGI’s dividend payout ratio (DPR) is presently 59.06%.

Insiders Place Their Bets

In other UGI news, insider Michael Sharp purchased 4,806 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were purchased at an average cost of $33.30 per share, with a total value of $160,039.80. Following the transaction, the insider now directly owns 4,806 shares of the company’s stock, valued at $160,039.80. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.73% of the company’s stock.

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.