Versor Investments LP 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 filing with the SEC. The fund purchased 21,200 shares of the utilities provider's stock, valued at approximately $598,000.
Several other large investors have also added to or reduced their stakes in the company. Proficio Capital Partners LLC purchased a new stake in UGI during the 4th quarter valued at about $582,000. Oppenheimer Asset Management Inc. purchased a new stake in UGI during the 4th quarter valued at about $387,000. Cutter & CO Brokerage Inc. purchased a new stake in UGI during the 4th quarter valued at about $2,142,000. Roffman Miller Associates Inc. PA grew its stake in UGI by 2.7% during the 4th quarter. Roffman Miller Associates Inc. PA now owns 188,270 shares of the utilities provider's stock valued at $5,315,000 after purchasing an additional 4,965 shares during the last quarter. Finally, Capital Advisors Ltd. LLC grew its stake in UGI by 628.9% during the 4th quarter. Capital Advisors Ltd. LLC now owns 1,968 shares of the utilities provider's stock valued at $56,000 after purchasing an additional 1,698 shares during the last quarter. Hedge funds and other institutional investors own 82.34% of the company's stock.
Insider Buying and Selling
In other news, insider Michael Sharp purchased 4,806 shares of the stock in a transaction dated Thursday, February 27th. The stock was acquired at an average cost of $33.30 per share, for a total transaction of $160,039.80. Following the completion of the transaction, the insider now directly owns 4,806 shares in the company, valued at approximately $160,039.80. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.73% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on the company. Jefferies Financial Group assumed coverage on UGI in a research note on Friday, November 22nd. They issued a "buy" rating and a $28.00 target price on the stock. Mizuho raised UGI from a "neutral" rating to an "outperform" rating and increased their target price for the company from $27.00 to $30.00 in a report on Friday, November 15th.
View Our Latest Research Report on UGI
UGI Price Performance
Shares of NYSE:UGI traded up $0.07 during midday trading on Wednesday, hitting $33.12. The company had a trading volume of 1,757,190 shares, compared to its average volume of 2,031,361. UGI Co. has a twelve month low of $22.01 and a twelve month high of $34.49. 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 stock has a market cap of $7.11 billion, a price-to-earnings ratio of 13.04, a price-to-earnings-growth ratio of 2.26 and a beta of 1.21. The business's 50-day simple moving average is $30.82 and its 200-day simple moving average is $27.31.
UGI (NYSE:UGI - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share for the quarter, topping 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%. On average, research analysts predict that UGI Co. will post 3.02 earnings per share for the current year.
UGI Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be given a $0.375 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.50 annualized dividend and a yield of 4.53%. UGI's payout ratio is 59.06%.
UGI Company Profile
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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.
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