Jupiter Asset Management Ltd. lessened its holdings in UGI Co. (NYSE:UGI - Free Report) by 19.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,876,831 shares of the utilities provider's stock after selling 453,779 shares during the quarter. Jupiter Asset Management Ltd. owned about 0.87% of UGI worth $52,983,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. S.A. Mason LLC purchased a new stake in UGI in the 4th quarter worth approximately $27,000. Golden State Wealth Management LLC purchased a new stake in UGI in the 4th quarter worth approximately $36,000. Vision Financial Markets LLC purchased a new stake in UGI in the 4th quarter worth approximately $36,000. SBI Securities Co. Ltd. purchased a new stake in UGI in the 4th quarter worth approximately $37,000. Finally, UMB Bank n.a. boosted its position in UGI by 67.1% in the 4th quarter. UMB Bank n.a. now owns 1,345 shares of the utilities provider's stock worth $38,000 after purchasing an additional 540 shares in the last quarter. Institutional investors and hedge funds own 82.34% of the company's stock.
Insider Activity at UGI
In other news, insider Michael Sharp acquired 4,806 shares of UGI stock in a transaction that occurred on Thursday, February 27th. The stock was purchased at an average cost of $33.30 per share, with a total value of $160,039.80. Following the purchase, the insider now owns 4,806 shares in the company, valued at $160,039.80. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.73% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on the company. Mizuho upgraded UGI from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $27.00 to $30.00 in a research report on Friday, November 15th. Jefferies Financial Group began coverage on UGI in a research report on Friday, November 22nd. They set a "buy" rating and a $28.00 target price on the stock.
Get Our Latest Research Report on UGI
UGI Trading Down 0.1 %
Shares of NYSE:UGI opened at $32.44 on Wednesday. UGI Co. has a 1 year low of $22.01 and a 1 year high of $34.49. The firm has a market capitalization of $6.97 billion, a price-to-earnings ratio of 12.77, a price-to-earnings-growth ratio of 2.26 and a beta of 1.17. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.00 and a quick ratio of 0.82. The business's 50 day moving average price is $31.18 and its 200-day moving average price is $27.56.
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 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%. On average, equities research analysts forecast that UGI Co. will post 3.02 earnings per share for the current fiscal year.
UGI Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 4.62%. The ex-dividend date is Monday, March 17th. UGI's dividend payout ratio is currently 59.06%.
UGI Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding UGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UGI Co. (NYSE:UGI - Free Report).
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