Federated Hermes Inc. Has $140.10 Million Holdings in UGI Co. (NYSE:UGI)

Federated Hermes Inc. grew its position in UGI Co. (NYSE:UGI) by 25.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,962,740 shares of the utilities provider’s stock after acquiring an additional 1,007,156 shares during the period. Federated Hermes Inc. owned 2.31% of UGI worth $140,098,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. S.A. Mason LLC bought a new position in UGI in the 4th quarter valued at $27,000. Flagship Wealth Advisors LLC bought a new position in shares of UGI in the fourth quarter valued at about $30,000. Golden State Wealth Management LLC acquired a new position in UGI during the 4th quarter worth about $36,000. Vision Financial Markets LLC bought a new stake in UGI during the 4th quarter worth about $36,000. Finally, SBI Securities Co. Ltd. acquired a new stake in UGI in the 4th quarter valued at about $37,000. 82.34% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at UGI

In other UGI news, insider Michael Sharp acquired 4,806 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average cost of $33.30 per share, for a total transaction 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 approximately $160,039.80. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.73% of the stock is owned by corporate insiders.

UGI Price Performance

Shares of UGI stock opened at $31.00 on Friday. 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 capitalization of $6.66 billion, a price-to-earnings ratio of 12.20, a PEG ratio of 2.26 and a beta of 1.05. The firm’s 50 day moving average is $32.49 and its 200-day moving average is $28.61. UGI Co. has a 1 year low of $22.01 and a 1 year high of $34.49.

UGI (NYSE:UGI) last posted its quarterly earnings data 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 return on equity of 15.19% and a net margin of 7.73%. Sell-side analysts forecast that UGI Co. will post 3.02 EPS for the current fiscal year.

UGI Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 4.84%. The ex-dividend date was Monday, March 17th. UGI’s dividend payout ratio (DPR) is presently 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.