Y Intercept Hong Kong Ltd Sells 87,040 Shares of UGI Co. (NYSE:UGI)

Y Intercept Hong Kong Ltd trimmed its position in shares of UGI Co. (NYSE:UGI - Free Report) by 74.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,989 shares of the utilities provider's stock after selling 87,040 shares during the period. Y Intercept Hong Kong Ltd's holdings in UGI were worth $847,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UGI. Citigroup Inc. raised its holdings in shares of 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 during the period. International Assets Investment Management LLC raised its stake in UGI by 2,402.0% in the third quarter. International Assets Investment Management LLC now owns 26,046 shares of the utilities provider's stock valued at $652,000 after buying an additional 25,005 shares during the period. FMR LLC lifted its position in shares of 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 buying an additional 2,786,878 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of UGI by 35.1% in the third quarter. JPMorgan Chase & Co. now owns 1,227,732 shares of the utilities provider's stock valued at $30,718,000 after buying an additional 318,655 shares during the last quarter. Finally, Commerce Bank bought a new position in shares of UGI during the 3rd quarter worth approximately $645,000. 82.34% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on UGI shares. Mizuho raised UGI from a "neutral" rating to an "outperform" rating and raised their price target for the company from $27.00 to $30.00 in a report on Friday, November 15th. Jefferies Financial Group initiated coverage on shares of UGI in a report on Friday, November 22nd. They set a "buy" rating and a $28.00 target price for the company.

UGI Stock Performance

NYSE:UGI traded down $0.20 during mid-day trading on Monday, hitting $33.96. 1,406,373 shares of the stock were exchanged, compared to its average volume of 2,025,312. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.82 and a current ratio of 1.00. The firm's 50-day simple moving average is $30.48 and its 200 day simple moving average is $27.14. UGI Co. has a fifty-two week low of $22.01 and a fifty-two week high of $34.49. The stock has a market capitalization of $7.30 billion, a price-to-earnings ratio of 13.37, a price-to-earnings-growth ratio of 2.26 and a beta of 1.21.

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 net margin of 7.73% and a return on equity of 15.19%. As a group, equities analysts anticipate that UGI Co. will post 3.02 EPS 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 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 4.42%. 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.