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

Pictet Asset Management Holding SA boosted its holdings in shares of UGI Co. (NYSE:UGI) by 5,776.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,739,419 shares of the utilities provider’s stock after buying an additional 1,709,820 shares during the period. Pictet Asset Management Holding SA owned approximately 0.81% of UGI worth $49,104,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of UGI. Charles Schwab Investment Management Inc. lifted its position in shares of UGI by 47.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,503,214 shares of the utilities provider’s stock worth $62,630,000 after purchasing an additional 808,113 shares in the last quarter. Citigroup Inc. lifted 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 in the last quarter. Cerity Partners LLC acquired a new stake in shares of UGI during the 3rd quarter valued at $1,340,000. Daiwa Securities Group Inc. grew its holdings in shares of UGI by 75.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 10,000 shares of the utilities provider’s stock valued at $250,000 after acquiring an additional 4,300 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in shares of UGI by 199.7% in the third quarter. Bank of Montreal Can now owns 110,275 shares of the utilities provider’s stock worth $2,749,000 after acquiring an additional 73,485 shares during the last quarter. 82.34% of the stock is owned by hedge funds and other institutional investors.

UGI Price Performance

Shares of NYSE:UGI opened at $32.88 on Friday. The business has a fifty day simple moving average of $32.26 and a 200 day simple moving average of $28.30. 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 firm has a market cap of $7.06 billion, a price-to-earnings ratio of 12.95, a P/E/G ratio of 2.26 and a beta of 1.17.

UGI (NYSE:UGI) last announced its quarterly earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share (EPS) for the quarter, beating 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%. As a group, sell-side analysts predict that UGI Co. will post 3.02 earnings per share for the current fiscal year.

UGI Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be issued 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 dividend yield of 4.56%. UGI’s dividend payout ratio is currently 59.06%.

Insider Activity at UGI

In related news, insider Michael Sharp bought 4,806 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were bought 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 in the company, valued at approximately $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 can be accessed through this hyperlink. 0.73% of the stock is owned by company insiders.

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.