Pictet Asset Management Holding SA Has $49.10 Million Stake in UGI Co. (NYSE:UGI)

Pictet Asset Management Holding SA grew its holdings in UGI Co. (NYSE:UGI) by 5,776.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,739,419 shares of the utilities provider’s stock after purchasing an additional 1,709,820 shares during the quarter. Pictet Asset Management Holding SA’s holdings in UGI were worth $49,104,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Citigroup Inc. increased its position in UGI by 33.0% in the 3rd quarter. Citigroup Inc. now owns 203,313 shares of the utilities provider’s stock worth $5,087,000 after buying an additional 50,485 shares during the period. FMR LLC boosted its holdings in UGI by 42.0% in the 3rd quarter. FMR LLC now owns 9,418,865 shares of the utilities provider’s stock valued at $235,660,000 after purchasing an additional 2,786,878 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of UGI by 35.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,227,732 shares of the utilities provider’s stock worth $30,718,000 after purchasing an additional 318,655 shares during the period. Allspring Global Investments Holdings LLC grew its position in UGI by 254.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 181,687 shares of the utilities provider’s stock worth $5,138,000 after buying an additional 130,407 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in UGI by 47.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,503,214 shares of the utilities provider’s stock valued at $62,630,000 after acquiring an additional 808,113 shares in the last quarter. 82.34% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Michael Sharp bought 4,806 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was acquired at an average cost of $33.30 per share, with a total value of $160,039.80. Following the acquisition, the insider now owns 4,806 shares in the company, valued at approximately $160,039.80. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.73% of the company’s stock.

UGI Price Performance

Shares of NYSE:UGI opened at $32.88 on Friday. The firm has a market capitalization of $7.06 billion, a PE ratio of 12.95, 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 business’s 50 day moving average is $32.26 and its 200-day moving average is $28.30.

UGI (NYSE:UGI) last posted its quarterly 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%. Sell-side analysts predict that UGI Co. will post 3.02 earnings per share for the current year.

UGI Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 4.56%. The ex-dividend date of this dividend is 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.