Victory Capital Management Inc. Sells 23,844 Shares of UGI Co. (NYSE:UGI)

Victory Capital Management Inc. reduced its stake in UGI Co. (NYSE:UGI - Free Report) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,447,298 shares of the utilities provider's stock after selling 23,844 shares during the period. Victory Capital Management Inc. owned 0.67% of UGI worth $40,857,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. S.A. Mason LLC acquired a new stake in UGI during the fourth quarter worth approximately $27,000. Golden State Wealth Management LLC bought a new stake in UGI in the 4th quarter valued at $36,000. SBI Securities Co. Ltd. bought a new stake in UGI in the 4th quarter valued at $37,000. UMB Bank n.a. grew its holdings in UGI by 67.1% in the 4th quarter. UMB Bank n.a. now owns 1,345 shares of the utilities provider's stock valued at $38,000 after buying an additional 540 shares in the last quarter. Finally, Quintet Private Bank Europe S.A. bought a new position in UGI during the 4th quarter worth $42,000. Institutional investors own 82.34% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Mizuho raised shares of UGI from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $27.00 to $30.00 in a research report on Friday, November 15th. Jefferies Financial Group assumed coverage on shares of UGI in a report on Friday, November 22nd. They set a "buy" rating and a $28.00 target price on the stock.

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Insider Buying and Selling at UGI

In related news, insider Michael Sharp purchased 4,806 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were bought at an average cost of $33.30 per share, with a total value of $160,039.80. Following the acquisition, the insider now owns 4,806 shares of the company's stock, valued at $160,039.80. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.73% of the company's stock.

UGI Price Performance

Shares of UGI traded down $0.11 during trading hours on Wednesday, hitting $32.28. 1,831,196 shares of the company were exchanged, compared to its average volume of 2,167,187. The company has a quick ratio of 0.82, a current ratio of 1.00 and a debt-to-equity ratio of 1.44. 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 cap of $6.93 billion, a price-to-earnings ratio of 12.71, a P/E/G ratio of 2.26 and a beta of 1.17. The firm's fifty day moving average is $31.18 and its 200 day moving average is $27.56.

UGI (NYSE:UGI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share (EPS) for the quarter, topping 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%. On average, equities analysts anticipate that UGI Co. will post 3.02 earnings per share for the current fiscal 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 paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 4.65%. The ex-dividend date is Monday, March 17th. UGI's dividend payout ratio (DPR) is presently 59.06%.

About UGI

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.