Amundi Has $1.73 Million Stock Holdings in UGI Co. (NYSE:UGI)

Amundi lifted its stake in shares of UGI Co. (NYSE:UGI) by 7.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 60,598 shares of the utilities provider’s stock after purchasing an additional 3,945 shares during the quarter. Amundi’s holdings in UGI were worth $1,726,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. S.A. Mason LLC bought a new position in UGI in the 4th quarter valued at about $27,000. Golden State Wealth Management LLC acquired a new stake in shares of UGI during the 4th quarter worth approximately $36,000. Vision Financial Markets LLC bought a new position in UGI in the fourth quarter valued at approximately $36,000. SBI Securities Co. Ltd. acquired a new position in UGI during the fourth quarter valued at approximately $37,000. Finally, UMB Bank n.a. lifted its stake in UGI by 67.1% during the fourth 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 during the last quarter. Institutional investors own 82.34% of the company’s stock.

UGI Price Performance

Shares of NYSE:UGI opened at $33.03 on Tuesday. The company has a market cap of $7.09 billion, a price-to-earnings ratio of 13.00, a PEG 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 firm has a 50 day simple moving average of $31.53 and a 200 day simple moving average of $27.78. UGI Co. has a one year low of $22.01 and a one year high of $34.49.

UGI (NYSE:UGI) last announced its quarterly earnings results on Wednesday, February 5th. The utilities provider reported $1.37 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%. Research analysts predict that UGI Co. will post 3.02 earnings per share for the current fiscal year.

UGI Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.50 annualized dividend and a yield of 4.54%. UGI’s dividend payout ratio is presently 59.06%.

Insider Buying and Selling

In related news, insider Michael Sharp acquired 4,806 shares of the stock in a transaction dated Thursday, February 27th. The stock was bought 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 of the company’s stock, valued at $160,039.80. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.73% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group began coverage on UGI in a report on Friday, November 22nd. They set a “buy” rating and a $28.00 price target for the company.

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.