Aigen Investment Management LP lifted its stake in UGI Co. (NYSE:UGI - Free Report) by 49.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,961 shares of the utilities provider's stock after purchasing an additional 9,592 shares during the period. Aigen Investment Management LP's holdings in UGI were worth $818,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. S.A. Mason LLC purchased a new stake in UGI during the 4th quarter valued at approximately $27,000. Golden State Wealth Management LLC purchased a new position in UGI during the fourth quarter valued at $36,000. SBI Securities Co. Ltd. purchased a new stake in UGI in the 4th quarter worth $37,000. UMB Bank n.a. lifted its stake in UGI by 67.1% in the 4th quarter. UMB Bank n.a. now owns 1,345 shares of the utilities provider's stock worth $38,000 after purchasing an additional 540 shares in the last quarter. Finally, Quintet Private Bank Europe S.A. bought a new position in shares of UGI during the 4th quarter valued at about $42,000. Institutional investors own 82.34% of the company's stock.
Insider Buying and Selling at UGI
In other news, insider Michael Sharp acquired 4,806 shares of UGI stock in a transaction dated 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 acquisition, the insider now owns 4,806 shares of the company's stock, valued at $160,039.80. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.73% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on the stock. Jefferies Financial Group initiated coverage on shares of UGI in a research report on Friday, November 22nd. They set a "buy" rating and a $28.00 target price on the stock. Mizuho upgraded shares of UGI from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $27.00 to $30.00 in a research note on Friday, November 15th.
Check Out Our Latest Analysis on UGI
UGI Stock Performance
Shares of UGI traded down $0.61 during trading hours on Monday, hitting $32.41. The stock had a trading volume of 2,573,196 shares, compared to its average volume of 2,023,322. The firm has a market capitalization of $6.96 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 2.26 and a beta of 1.17. UGI Co. has a fifty-two week low of $22.01 and a fifty-two week high of $34.49. The firm has a 50-day moving average price of $31.02 and a 200 day moving average price of $27.45. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.82 and a current ratio of 1.00.
UGI (NYSE:UGI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share 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%. As a group, research analysts anticipate that UGI Co. will post 3.02 EPS for the current year.
UGI Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date is Monday, March 17th. UGI's dividend payout ratio (DPR) is 59.06%.
UGI Profile
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Free Report)
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.
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