Edgestream Partners L.P. bought a new stake in UGI Co. (NYSE:UGI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 126,368 shares of the utilities provider's stock, valued at approximately $3,567,000. Edgestream Partners L.P. owned approximately 0.06% of UGI as of its most recent filing with the SEC.
Other large investors have also recently added to or reduced their stakes in the company. S.A. Mason LLC acquired a new stake in shares of UGI in the fourth quarter valued at approximately $27,000. Golden State Wealth Management LLC acquired a new stake in UGI in the 4th quarter valued at about $36,000. Vision Financial Markets LLC bought a new stake in shares of UGI in the 4th quarter worth approximately $36,000. SBI Securities Co. Ltd. acquired a new stake in UGI during the fourth quarter valued at approximately $37,000. Finally, UMB Bank n.a. boosted its holdings in UGI by 67.1% during the fourth quarter. UMB Bank n.a. now owns 1,345 shares of the utilities provider's stock worth $38,000 after buying an additional 540 shares in the last quarter. 82.34% of the stock is currently owned by institutional investors.
Insider Activity
In related news, insider Michael Sharp purchased 4,806 shares of UGI stock in a transaction on Thursday, February 27th. The stock was bought at an average price of $33.30 per share, with a total value of $160,039.80. Following the completion of the transaction, the insider now directly owns 4,806 shares of the company's stock, 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 link. 0.73% of the stock is owned by insiders.
UGI Stock Down 0.3 %
NYSE:UGI traded down $0.11 during trading hours on Wednesday, hitting $32.28. 2,481,351 shares of the stock traded hands, compared to its average volume of 2,167,324. The firm has a 50 day moving average price of $31.18 and a 200 day moving average price of $27.56. The firm has a market cap of $6.93 billion, a price-to-earnings ratio of 12.71, 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 company has a current ratio of 1.00, a quick ratio of 0.82 and a debt-to-equity ratio of 1.44.
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 (EPS) for the quarter, topping 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%. Equities research analysts anticipate that UGI Co. will post 3.02 earnings per share for the current 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 paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.50 annualized dividend and a dividend yield of 4.65%. UGI's dividend payout ratio (DPR) is 59.06%.
Wall Street Analyst Weigh In
UGI has been the subject of a number of recent research reports. Mizuho upgraded UGI from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $27.00 to $30.00 in a research report on Friday, November 15th. Jefferies Financial Group assumed coverage on UGI in a research report on Friday, November 22nd. They issued a "buy" rating and a $28.00 price target for the company.
Check Out Our Latest Report on UGI
About UGI
(
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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