1,309 Shares in UGI Co. (NYSE:UGI) Acquired by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. acquired a new position in shares of UGI Co. (NYSE:UGI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,309 shares of the utilities provider’s stock, valued at approximately $37,000.

A number of other institutional investors have also added to or reduced their stakes in UGI. FMR LLC increased its position in UGI by 42.0% during the 3rd quarter. FMR LLC now owns 9,418,865 shares of the utilities provider’s stock worth $235,660,000 after purchasing an additional 2,786,878 shares in the last quarter. Hennessy Advisors Inc. increased its position in UGI by 2,050.9% in the 4th quarter. Hennessy Advisors Inc. now owns 2,375,752 shares of the utilities provider’s stock valued at $67,067,000 after acquiring an additional 2,265,300 shares during the period. Geode Capital Management LLC increased its position in UGI by 33.8% in the 3rd quarter. Geode Capital Management LLC now owns 4,762,970 shares of the utilities provider’s stock valued at $127,246,000 after acquiring an additional 1,202,938 shares during the period. Charles Schwab Investment Management Inc. increased its position in UGI by 47.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,503,214 shares of the utilities provider’s stock valued at $62,630,000 after acquiring an additional 808,113 shares during the period. Finally, Thrivent Financial for Lutherans increased its position in UGI by 105.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,507,263 shares of the utilities provider’s stock valued at $37,712,000 after acquiring an additional 774,770 shares during the period. 82.34% of the stock is currently owned by institutional investors and hedge funds.

UGI Trading Down 0.1 %

UGI opened at $32.44 on Wednesday. UGI Co. has a twelve month low of $22.01 and a twelve month high of $34.49. The company has a quick ratio of 0.82, a current ratio of 1.00 and a debt-to-equity ratio of 1.44. The company has a fifty day moving average of $31.18 and a 200-day moving average of $27.56. The stock has a market cap of $6.97 billion, a PE ratio of 12.77, a price-to-earnings-growth ratio of 2.26 and a beta of 1.17.

UGI (NYSE:UGI) last issued its earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.16. UGI had a net margin of 7.73% and a return on equity of 15.19%. On average, sell-side analysts predict that UGI Co. will post 3.02 EPS for the current year.

UGI Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be paid a dividend of $0.375 per share. 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 presently 59.06%.

Insider Buying and Selling

In other UGI news, insider Michael Sharp acquired 4,806 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were purchased at an average cost of $33.30 per share, with a total value of $160,039.80. Following the completion of the purchase, 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.73% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Mizuho upgraded shares of UGI from a “neutral” rating to an “outperform” rating and upped their price target for the company 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 research report on Friday, November 22nd. They issued a “buy” rating and a $28.00 price target for the company.

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.