Quantbot Technologies LP Boosts Stock Position in UGI Co. (NYSE:UGI)

Quantbot Technologies LP lifted its holdings in UGI Co. (NYSE:UGI - Free Report) by 37.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 200,555 shares of the utilities provider's stock after buying an additional 54,568 shares during the quarter. Quantbot Technologies LP owned approximately 0.09% of UGI worth $5,662,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. FMR LLC grew its holdings in UGI by 42.0% in the third quarter. FMR LLC now owns 9,418,865 shares of the utilities provider's stock worth $235,660,000 after purchasing an additional 2,786,878 shares during the period. Geode Capital Management LLC grew its stake in shares of UGI by 33.8% in the 3rd quarter. Geode Capital Management LLC now owns 4,762,970 shares of the utilities provider's stock worth $127,246,000 after buying an additional 1,202,938 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of UGI by 2.1% in 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 last quarter. Hennessy Advisors Inc. increased its position in UGI by 2,050.9% during the 4th quarter. Hennessy Advisors Inc. now owns 2,375,752 shares of the utilities provider's stock valued at $67,067,000 after buying an additional 2,265,300 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in UGI by 19.3% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,797,648 shares of the utilities provider's stock valued at $50,748,000 after buying an additional 290,385 shares during the last quarter. 82.34% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

Separately, Jefferies Financial Group started coverage on UGI in a report on Friday, November 22nd. They set a "buy" rating and a $28.00 price target for the company.

Insider Activity at UGI

In other news, insider Michael Sharp acquired 4,806 shares of the business's stock in a transaction that occurred 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 acquisition, the insider now directly owns 4,806 shares of the company's stock, valued at approximately $160,039.80. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.73% of the stock is owned by insiders.

UGI Stock Up 0.7 %

Shares of UGI traded up $0.23 on Wednesday, hitting $33.15. 2,577,948 shares of the stock traded hands, compared to its average volume of 2,170,028. UGI Co. has a one year low of $22.01 and a one year high of $34.49. The company has a market capitalization of $7.12 billion, a PE ratio of 13.05, a P/E/G ratio of 2.26 and a beta of 1.17. The business has a 50 day simple moving average of $31.62 and a 200 day simple moving average of $27.84. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.82 and a current ratio of 1.00.

UGI (NYSE:UGI - Get Free Report) last issued its earnings results 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 forecast that UGI Co. will post 3.02 earnings per share for the current fiscal year.

UGI Dividend Announcement

The business 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. The ex-dividend date is Monday, March 17th. This represents a $1.50 annualized dividend and a dividend yield of 4.52%. UGI's payout ratio is 59.06%.

UGI Company 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.