UGI Co. (NYSE:UGI) Shares Acquired by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC grew its holdings in UGI Co. (NYSE:UGI - Free Report) by 1,174.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,259 shares of the utilities provider's stock after acquiring an additional 15,905 shares during the period. Steward Partners Investment Advisory LLC's holdings in UGI were worth $487,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of UGI. Citigroup Inc. raised its position in UGI by 33.0% in the 3rd quarter. Citigroup Inc. now owns 203,313 shares of the utilities provider's stock valued at $5,087,000 after purchasing an additional 50,485 shares in the last quarter. FMR LLC raised 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 valued at $235,660,000 after acquiring an additional 2,786,878 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in UGI by 35.1% in the third quarter. JPMorgan Chase & Co. now owns 1,227,732 shares of the utilities provider's stock worth $30,718,000 after acquiring an additional 318,655 shares during the last quarter. Commerce Bank acquired a new position in UGI during the 3rd quarter worth approximately $645,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of UGI by 254.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 181,687 shares of the utilities provider's stock valued at $5,138,000 after purchasing an additional 130,407 shares during the last quarter. 82.34% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several research firms have recently issued reports on UGI. 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. Mizuho raised UGI from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $27.00 to $30.00 in a report on Friday, November 15th.

Insider Activity at UGI

In other UGI news, insider Michael Sharp bought 4,806 shares of UGI stock in a transaction dated 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 acquisition, the insider now owns 4,806 shares of the company's stock, valued at approximately $160,039.80. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.73% of the stock is owned by insiders.

UGI Stock Down 0.9 %

NYSE:UGI traded down $0.30 during midday trading on Thursday, hitting $31.95. 1,602,874 shares of the company were exchanged, compared to its average volume of 2,171,339. UGI Co. has a fifty-two week low of $22.01 and a fifty-two week high of $34.49. The company has a market capitalization of $6.86 billion, a PE ratio of 12.58, a price-to-earnings-growth ratio of 2.26 and a beta of 1.17. 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 fifty day simple moving average of $31.27 and a 200 day simple moving average of $27.59.

UGI (NYSE:UGI - Get Free Report) last posted 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%. As a group, equities analysts anticipate that UGI Co. will post 3.02 earnings per share for the current fiscal year.

UGI Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be issued a $0.375 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.70%. UGI's payout ratio is 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.