Argyle Capital Management LLC Buys 17,400 Shares of UGI Co. (NYSE:UGI)

Argyle Capital Management LLC raised its position in shares of UGI Co. (NYSE:UGI - Free Report) by 97.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,174 shares of the utilities provider's stock after acquiring an additional 17,400 shares during the period. Argyle Capital Management LLC's holdings in UGI were worth $993,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Versor Investments LP bought a new position in UGI during the 4th quarter worth $598,000. Proficio Capital Partners LLC acquired a new stake in UGI in the 4th quarter worth about $582,000. Oppenheimer Asset Management Inc. bought a new stake in UGI in the 4th quarter valued at about $387,000. Cutter & CO Brokerage Inc. acquired a new position in shares of UGI during the 4th quarter worth approximately $2,142,000. Finally, Roffman Miller Associates Inc. PA increased its holdings in shares of UGI by 2.7% during the fourth quarter. Roffman Miller Associates Inc. PA now owns 188,270 shares of the utilities provider's stock worth $5,315,000 after purchasing an additional 4,965 shares during the period. Institutional investors own 82.34% of the company's stock.

UGI Stock Down 2.6 %

Shares of NYSE UGI traded down $0.90 during trading on Tuesday, hitting $33.10. The stock had a trading volume of 934,469 shares, compared to its average volume of 2,011,852. The firm has a fifty day moving average of $30.61 and a two-hundred day moving average of $27.21. The company has a market capitalization of $7.11 billion, a PE ratio of 13.05, a PEG ratio of 2.26 and a beta of 1.21. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.00 and a quick ratio of 0.82. UGI Co. has a 12 month low of $22.01 and a 12 month high of $34.49.

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UGI (NYSE:UGI - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The utilities provider reported $1.37 EPS for the quarter, beating the consensus estimate of $1.21 by $0.16. UGI had a net margin of 7.73% and a return on equity of 15.19%. As a group, equities research analysts forecast that UGI Co. will post 3.02 EPS for the current fiscal year.

UGI Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.53%. The ex-dividend date is Monday, March 17th. UGI's dividend payout ratio is currently 59.06%.

Analyst Ratings Changes

A number of research analysts recently commented on UGI shares. Mizuho raised UGI from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $27.00 to $30.00 in a research note on Friday, November 15th. Jefferies Financial Group initiated coverage on shares of UGI in a report on Friday, November 22nd. They set a "buy" rating and a $28.00 price target for the company.

Insider Transactions at UGI

In other news, insider Michael Sharp acquired 4,806 shares of UGI stock in a transaction on 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 completion of the acquisition, the insider now owns 4,806 shares in the company, valued at approximately $160,039.80. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.73% of the stock is currently owned by company insiders.

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.