KLP Kapitalforvaltning AS Makes New $2.38 Million Investment in UGI Co. (NYSE:UGI)

KLP Kapitalforvaltning AS purchased a new stake in shares of UGI Co. (NYSE:UGI) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 83,300 shares of the utilities provider’s stock, valued at approximately $2,378,000.

Several other large investors have also recently modified their holdings of UGI. S.A. Mason LLC bought a new stake in UGI during the 4th quarter valued at about $27,000. Flagship Wealth Advisors LLC purchased a new stake in shares of UGI during the fourth quarter valued at approximately $30,000. Golden State Wealth Management LLC bought a new stake in shares of UGI during the fourth quarter valued at approximately $36,000. Vision Financial Markets LLC purchased a new position in UGI in the 4th quarter worth approximately $36,000. Finally, SBI Securities Co. Ltd. bought a new position in UGI in the 4th quarter valued at approximately $37,000. Hedge funds and other institutional investors own 82.34% of the company’s stock.

Insider Buying and Selling

In other news, insider Michael Sharp purchased 4,806 shares of the stock in a transaction dated 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 acquisition, the insider now directly owns 4,806 shares of the company’s stock, valued at $160,039.80. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.73% of the stock is currently owned by corporate insiders.

UGI Stock Down 0.4 %

UGI stock opened at $32.92 on Friday. UGI Co. has a 12 month low of $22.01 and a 12 month high of $34.49. The stock has a fifty day simple moving average of $32.20 and a two-hundred day simple moving average of $28.20. The company has a current ratio of 1.00, a quick ratio of 0.82 and a debt-to-equity ratio of 1.44. The firm has a market cap of $7.07 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 2.26 and a beta of 1.17.

UGI (NYSE:UGI) last released its quarterly earnings data on Wednesday, February 5th. The utilities provider reported $1.37 EPS for the quarter, topping 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%. Equities analysts predict that UGI Co. will post 3.02 EPS for the current fiscal year.

UGI Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be given a dividend of $0.375 per share. The ex-dividend date is Monday, March 17th. This represents a $1.50 dividend on an annualized basis and a yield of 4.56%. UGI’s dividend payout ratio (DPR) 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.