Alpha DNA Investment Management LLC cut its position in UGI Co. (NYSE:UGI) by 5.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,759 shares of the utilities provider’s stock after selling 228 shares during the quarter. Alpha DNA Investment Management LLC’s holdings in UGI were worth $154,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Pinnacle Advisory Group Inc. acquired a new stake in UGI in the 1st quarter worth $8,517,000. Elo Mutual Pension Insurance Co grew its position in UGI by 3.2% in the 1st quarter. Elo Mutual Pension Insurance Co now owns 15,287 shares of the utilities provider’s stock worth $627,000 after purchasing an additional 477 shares during the last quarter. Aigen Investment Management LP acquired a new stake in UGI in the 1st quarter worth $345,000. Jacobi Capital Management LLC grew its position in UGI by 2.8% in the 1st quarter. Jacobi Capital Management LLC now owns 20,050 shares of the utilities provider’s stock worth $822,000 after purchasing an additional 549 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its position in UGI by 5.8% in the 1st quarter. Teacher Retirement System of Texas now owns 173,499 shares of the utilities provider’s stock worth $7,115,000 after purchasing an additional 9,509 shares during the last quarter. Institutional investors and hedge funds own 78.35% of the company’s stock.
In other UGI news, CAO Laurie Bergman sold 8,830 shares of the business’s stock in a transaction dated Friday, May 28th. The shares were sold at an average price of $45.74, for a total value of $403,884.20. Following the completion of the transaction, the chief accounting officer now directly owns 4,516 shares of the company’s stock, valued at $206,561.84. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.50% of the company’s stock.
UGI (NYSE:UGI) last announced its earnings results on Wednesday, May 5th. The utilities provider reported $1.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.72 by $0.27. UGI had a net margin of 12.97% and a return on equity of 14.86%. The company had revenue of $2.58 billion during the quarter. As a group, equities research analysts predict that UGI Co. will post 3 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 1st. Shareholders of record on Tuesday, June 15th will be paid a $0.345 dividend. The ex-dividend date is Monday, June 14th. This is an increase from UGI’s previous quarterly dividend of $0.33. This represents a $1.38 dividend on an annualized basis and a dividend yield of 2.90%. UGI’s payout ratio is currently 49.44%.
Separately, TheStreet upgraded shares of UGI from a “c+” rating to a “b” rating in a research report on Tuesday, February 16th.
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 1.5 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,800 propane distribution locations; and sells, installs, and services propane appliances, including heating systems and propane-powered generators.
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