Robeco Institutional Asset Management B.V. Trims Stock Holdings in UGI Co. (NYSE:UGI)

Robeco Institutional Asset Management B.V. cut its stake in shares of UGI Co. (NYSE:UGI - Free Report) by 85.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,192 shares of the utilities provider's stock after selling 72,952 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in UGI were worth $344,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in UGI. Concord Wealth Partners raised its holdings in shares of UGI by 100.0% in the third quarter. Concord Wealth Partners now owns 1,274 shares of the utilities provider's stock worth $32,000 after buying an additional 637 shares during the period. UMB Bank n.a. raised its holdings in shares of UGI by 67.1% in the fourth quarter. UMB Bank n.a. now owns 1,345 shares of the utilities provider's stock worth $38,000 after buying an additional 540 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of UGI by 189.9% in the third quarter. Farther Finance Advisors LLC now owns 2,073 shares of the utilities provider's stock worth $52,000 after buying an additional 1,358 shares during the period. Millburn Ridgefield Corp purchased a new stake in shares of UGI in the third quarter worth approximately $55,000. Finally, R Squared Ltd purchased a new stake in shares of UGI in the fourth quarter worth approximately $70,000. 82.34% of the stock is currently owned by hedge funds and other institutional investors.

UGI Trading Up 0.1 %

NYSE:UGI traded up $0.02 during midday trading on Friday, hitting $32.03. The stock had a trading volume of 3,401,487 shares, compared to its average volume of 1,850,041. UGI Co. has a one year low of $22.01 and a one year high of $32.63. The company has a market capitalization of $6.88 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 2.22 and a beta of 1.21. The stock has a 50-day moving average of $29.10 and a 200 day moving average of $26.20. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.48.

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, beating the consensus estimate of $1.21 by $0.16. UGI had a return on equity of 15.21% and a net margin of 7.73%. As a group, sell-side analysts forecast that UGI Co. will post 3 EPS for the current year.

UGI Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders 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 annualized dividend and a yield of 4.68%. UGI's dividend payout ratio (DPR) is presently 59.06%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company increased their price target on UGI from $26.00 to $27.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 16th. Mizuho raised UGI from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $27.00 to $30.00 in a research note on Friday, November 15th. Finally, Jefferies Financial Group began coverage on UGI in a research note on Friday, November 22nd. They issued a "buy" rating and a $28.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $28.33.

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.