RD Lewis Holdings Inc. Purchases New Stake in UGI Co. (NYSE:UGI)

RD Lewis Holdings Inc. purchased a new stake in shares of UGI Co. (NYSE:UGI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 13,453 shares of the utilities provider's stock, valued at approximately $380,000.

Other institutional investors have also recently made changes to their positions in the company. Flagship Wealth Advisors LLC purchased a new position in UGI in the fourth quarter valued at about $30,000. Corient Private Wealth LLC lifted its holdings in shares of UGI by 6.1% during the fourth quarter. Corient Private Wealth LLC now owns 19,006 shares of the utilities provider's stock worth $537,000 after purchasing an additional 1,097 shares during the period. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of UGI by 9.0% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 14,556 shares of the utilities provider's stock worth $411,000 after purchasing an additional 1,204 shares during the period. Natixis Advisors LLC lifted its holdings in UGI by 23.7% in the fourth quarter. Natixis Advisors LLC now owns 49,830 shares of the utilities provider's stock valued at $1,407,000 after acquiring an additional 9,549 shares during the period. Finally, First National Trust Co lifted its holdings in UGI by 78.2% in the fourth quarter. First National Trust Co now owns 46,471 shares of the utilities provider's stock valued at $1,312,000 after acquiring an additional 20,400 shares during the period. Hedge funds and other institutional investors own 82.34% of the company's stock.

Wall Street Analyst Weigh In

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

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Insider Transactions at UGI

In other news, insider Michael Sharp bought 4,806 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was bought at an average cost of $33.30 per share, for a total transaction of $160,039.80. Following the acquisition, the insider now directly owns 4,806 shares of the company's stock, valued at $160,039.80. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.73% of the company's stock.

UGI Price Performance

Shares of UGI traded down $0.43 during trading hours on Friday, hitting $33.19. 2,867,454 shares of the stock were exchanged, compared to its average volume of 2,181,613. 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 Co. has a 12-month low of $22.01 and a 12-month high of $34.49. The company has a market cap of $7.13 billion, a price-to-earnings ratio of 13.07, a price-to-earnings-growth ratio of 2.26 and a beta of 1.17. The stock's 50-day moving average price is $31.92 and its two-hundred day moving average price is $27.97.

UGI (NYSE:UGI - Get Free Report) last issued its earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share (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%. Research analysts expect that UGI Co. will post 3.02 earnings per share for the current year.

UGI Announces Dividend

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 issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date of this dividend is Monday, March 17th. UGI's dividend payout ratio is presently 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.