Advisors Asset Management Inc. Raises Position in UGI Co. (NYSE:UGI)

Advisors Asset Management Inc. grew its holdings in shares of UGI Co. (NYSE:UGI - Free Report) by 4.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 490,950 shares of the utilities provider's stock after purchasing an additional 21,249 shares during the period. Advisors Asset Management Inc. owned approximately 0.23% of UGI worth $13,860,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. S.A. Mason LLC acquired a new position in UGI during the 4th quarter worth approximately $27,000. Flagship Wealth Advisors LLC acquired a new position in UGI during the 4th quarter worth approximately $30,000. Golden State Wealth Management LLC acquired a new position in UGI during the 4th quarter worth approximately $36,000. Vision Financial Markets LLC acquired a new position in UGI during the 4th quarter worth approximately $36,000. Finally, SBI Securities Co. Ltd. acquired a new position in UGI during the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 82.34% of the company's stock.

Insider Activity at UGI

In other UGI news, insider Michael Sharp purchased 4,806 shares of UGI stock in a transaction on Thursday, February 27th. The shares were bought at an average price of $33.30 per share, with a total value of $160,039.80. Following the purchase, the insider now directly owns 4,806 shares in the company, valued at $160,039.80. This trade 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.

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Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group initiated coverage on UGI in a research note on Friday, November 22nd. They set a "buy" rating and a $28.00 price target on the stock.

UGI Price Performance

Shares of NYSE:UGI traded down $0.43 during trading on Friday, hitting $33.19. 2,867,454 shares of the stock were exchanged, compared to its average volume of 2,181,613. The company has a fifty day moving average price of $31.92 and a two-hundred day moving average price of $27.97. The company has a market cap of $7.13 billion, a PE ratio of 13.07, a P/E/G 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 12-month low of $22.01 and a 12-month high of $34.49.

UGI (NYSE:UGI - Get Free Report) last posted its earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.16. UGI had a return on equity of 15.19% and a net margin of 7.73%. On average, analysts forecast that UGI Co. will post 3.02 EPS for the current year.

UGI Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date is Monday, March 17th. UGI's payout ratio is currently 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.