Oppenheimer Asset Management Inc. Acquires New Shares in UGI Co. (NYSE:UGI)

Oppenheimer Asset Management Inc. acquired a new stake in UGI Co. (NYSE:UGI - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 13,702 shares of the utilities provider's stock, valued at approximately $387,000.

A number of other institutional investors also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC grew its stake in UGI by 13.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 26,889 shares of the utilities provider's stock valued at $673,000 after acquiring an additional 3,117 shares during the period. State of Alaska Department of Revenue grew its position in UGI by 7.5% in the 3rd quarter. State of Alaska Department of Revenue now owns 24,311 shares of the utilities provider's stock valued at $608,000 after purchasing an additional 1,690 shares during the period. Farther Finance Advisors LLC increased its stake in UGI by 189.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,073 shares of the utilities provider's stock valued at $52,000 after purchasing an additional 1,358 shares in the last quarter. AIA Group Ltd boosted its stake in UGI by 46.9% during the 3rd quarter. AIA Group Ltd now owns 17,724 shares of the utilities provider's stock valued at $443,000 after purchasing an additional 5,655 shares during the last quarter. Finally, Easterly Investment Partners LLC increased its holdings in UGI by 0.8% during the 3rd quarter. Easterly Investment Partners LLC now owns 59,238 shares of the utilities provider's stock worth $1,482,000 after purchasing an additional 450 shares in the last quarter. Institutional investors and hedge funds own 82.34% of the company's stock.

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Insider Buying and Selling

In other news, insider Michael Sharp bought 4,806 shares of the firm's 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 transaction, the insider now directly owns 4,806 shares of the company's stock, valued at $160,039.80. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.73% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

UGI Stock Performance

Shares of UGI stock traded down $0.61 during mid-day trading on Monday, hitting $32.41. 2,573,196 shares of the stock were exchanged, compared to its average volume of 2,163,482. 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 company has a market capitalization of $6.96 billion, a P/E ratio of 12.76, a P/E/G ratio of 2.26 and a beta of 1.17. The company has a 50-day simple moving average of $31.02 and a 200 day simple moving average of $27.45. UGI Co. has a 12 month low of $22.01 and a 12 month high of $34.49.

UGI (NYSE:UGI - Get Free Report) last released its earnings results on Wednesday, February 5th. The utilities provider reported $1.37 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.

UGI Dividend Announcement

The business 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 is Monday, March 17th. This represents a $1.50 annualized dividend and a dividend yield of 4.63%. UGI's payout ratio is currently 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.