Bank of New York Mellon Corp Reduces Stock Holdings in UGI Co. (NYSE:UGI)

Bank of New York Mellon Corp reduced its stake in UGI Co. (NYSE:UGI - Free Report) by 0.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,535,474 shares of the utilities provider's stock after selling 16,543 shares during the quarter. Bank of New York Mellon Corp owned about 1.18% of UGI worth $71,576,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Roffman Miller Associates Inc. PA grew its position in UGI by 2.7% during the 4th 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. Capital Advisors Ltd. LLC grew its stake in shares of UGI by 628.9% during the 4th quarter. Capital Advisors Ltd. LLC now owns 1,968 shares of the utilities provider's stock worth $56,000 after purchasing an additional 1,698 shares during the period. Wealthspire Advisors LLC lifted its stake in shares of UGI by 4.5% in the 4th quarter. Wealthspire Advisors LLC now owns 17,251 shares of the utilities provider's stock valued at $487,000 after purchasing an additional 736 shares during the period. Ieq Capital LLC boosted its holdings in UGI by 298.8% during the fourth quarter. Ieq Capital LLC now owns 33,938 shares of the utilities provider's stock worth $958,000 after buying an additional 25,428 shares in the last quarter. Finally, Good Life Advisors LLC purchased a new stake in UGI during the fourth quarter worth $202,000. 82.34% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other UGI news, insider Michael Sharp acquired 4,806 shares of the business's stock in a transaction on Thursday, February 27th. The stock was bought at an average price of $33.30 per share, for a total transaction of $160,039.80. Following the acquisition, the insider now owns 4,806 shares in the company, valued at approximately $160,039.80. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 0.73% of the stock is owned by company insiders.

Remove Ads

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Jefferies Financial Group began coverage on shares of UGI in a report on Friday, November 22nd. They issued a "buy" rating and a $28.00 price objective for the company. Mizuho upgraded UGI from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $27.00 to $30.00 in a research note on Friday, November 15th.

UGI Price Performance

UGI stock traded up $0.11 during trading on Friday, reaching $32.95. The company had a trading volume of 744,185 shares, compared to its average volume of 1,986,077. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.82 and a current ratio of 1.00. The firm's 50-day simple moving average is $30.91 and its 200 day simple moving average is $27.35. The firm has a market capitalization of $7.08 billion, a PE ratio of 12.98, a price-to-earnings-growth ratio of 2.26 and a beta of 1.21. UGI Co. has a 1-year low of $22.01 and a 1-year high of $34.49.

UGI (NYSE:UGI - Get Free Report) last announced its 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 net margin of 7.73% and a return on equity of 15.19%. As a group, equities research analysts anticipate that UGI Co. will post 3.02 earnings per share for the current fiscal year.

UGI Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders 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 dividend yield of 4.55%. The ex-dividend date is Monday, March 17th. UGI's dividend payout ratio 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.