Insider Buying: UGI Co. (NYSE:UGI) Insider Purchases 4,806 Shares of Stock

UGI Co. (NYSE:UGI - Get Free Report) insider Michael Sharp purchased 4,806 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The stock was purchased at an average price of $33.30 per share, with a total value of $160,039.80. Following the completion of the purchase, 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 position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

UGI Stock Performance

Shares of NYSE UGI traded down $0.03 during midday trading on Friday, reaching $32.82. 651,974 shares of the company traded hands, compared to its average volume of 1,984,606. The stock has a 50-day moving average price of $30.91 and a 200 day moving average price of $27.35. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.00 and a quick ratio of 0.82. The company has a market cap of $7.05 billion, a price-to-earnings ratio of 12.92, a PEG ratio of 2.26 and a beta of 1.21. UGI Co. has a 52 week low of $22.01 and a 52 week 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, topping 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%. Sell-side analysts anticipate that UGI Co. will post 3.02 earnings per share for the current fiscal year.

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UGI Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.50 dividend on an annualized basis and a yield of 4.57%. UGI's payout ratio is 59.06%.

Hedge Funds Weigh In On UGI

Hedge funds have recently added to or reduced their stakes in the company. Altshuler Shaham Ltd bought a new position in shares of UGI in the 4th quarter valued at approximately $25,000. Bessemer Group Inc. raised its position in shares of UGI by 216.7% in the fourth quarter. Bessemer Group Inc. now owns 893 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 611 shares during the period. S.A. Mason LLC bought a new position in shares of UGI in the fourth quarter valued at approximately $27,000. GeoWealth Management LLC acquired a new stake in shares of UGI in the fourth quarter worth $27,000. Finally, Flagship Wealth Advisors LLC acquired a new position in UGI during the 4th quarter worth $30,000. Institutional investors and hedge funds own 82.34% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on UGI shares. Jefferies Financial Group began coverage on UGI in a report on Friday, November 22nd. They set a "buy" rating and a $28.00 target price for the company. Mizuho upgraded shares of UGI from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $27.00 to $30.00 in a research report on Friday, November 15th.

About UGI

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.