M&T Bank Corp Sells 25,932 Shares of UGI Co. (NYSE:UGI)

M&T Bank Corp lessened its holdings in shares of UGI Co. (NYSE:UGI - Free Report) by 13.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 160,362 shares of the utilities provider's stock after selling 25,932 shares during the period. M&T Bank Corp owned 0.07% of UGI worth $4,527,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its holdings in UGI by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,555,075 shares of the utilities provider's stock worth $72,130,000 after buying an additional 51,861 shares during the period. Steward Partners Investment Advisory LLC increased its position in UGI by 1,174.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 17,259 shares of the utilities provider's stock valued at $487,000 after purchasing an additional 15,905 shares during the period. Quintet Private Bank Europe S.A. acquired a new stake in UGI during the 4th quarter valued at approximately $42,000. SBI Securities Co. Ltd. bought a new position in UGI during the 4th quarter worth approximately $37,000. Finally, Jones Financial Companies Lllp lifted its position in shares of UGI by 45.8% in the 4th quarter. Jones Financial Companies Lllp now owns 2,732 shares of the utilities provider's stock worth $77,000 after purchasing an additional 858 shares during the period. Institutional investors own 82.34% of the company's stock.

Analyst Upgrades and Downgrades

UGI has been the topic of a number of research analyst reports. Mizuho raised shares of UGI from a "neutral" rating to an "outperform" rating and upped their price target for the company from $27.00 to $30.00 in a research report on Friday, November 15th. Jefferies Financial Group assumed coverage on shares of UGI in a research report on Friday, November 22nd. They set a "buy" rating and a $28.00 price objective for the company.

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UGI Stock Down 0.1 %

UGI stock traded down $0.04 during midday trading on Tuesday, reaching $32.44. The stock had a trading volume of 2,320,272 shares, compared to its average volume of 2,163,187. The company has a fifty day moving average price of $31.10 and a two-hundred day moving average price of $27.50. UGI Co. has a 12 month low of $22.01 and a 12 month 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. The company has a market capitalization of $6.97 billion, a P/E ratio of 12.77, a PEG ratio of 2.26 and a beta of 1.17.

UGI (NYSE:UGI - Get Free Report) last released 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 return on equity of 15.19% and a net margin of 7.73%. As a group, equities analysts expect that UGI Co. will post 3.02 EPS for the current fiscal year.

UGI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date of this dividend is Monday, March 17th. UGI's dividend payout ratio is currently 59.06%.

Insider Transactions at UGI

In related news, insider Michael Sharp purchased 4,806 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 4,806 shares of the company's stock, valued at $160,039.80. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.73% of the stock is currently owned by insiders.

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.