UGI Co. (NYSE:UGI) Shares Sold by Algert Global LLC

Algert Global LLC lowered its position in shares of UGI Co. (NYSE:UGI - Free Report) by 97.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 13,726 shares of the utilities provider's stock after selling 466,159 shares during the quarter. Algert Global LLC's holdings in UGI were worth $387,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Bessemer Group Inc. raised its holdings in shares of UGI by 216.7% during the fourth quarter. Bessemer Group Inc. now owns 893 shares of the utilities provider's stock worth $25,000 after purchasing an additional 611 shares during the last quarter. Altshuler Shaham Ltd acquired a new stake in UGI during the 4th quarter worth about $25,000. GeoWealth Management LLC purchased a new position in shares of UGI during the 4th quarter valued at about $27,000. S.A. Mason LLC acquired a new position in shares of UGI in the 4th quarter valued at about $27,000. Finally, Flagship Wealth Advisors LLC purchased a new stake in shares of UGI in the fourth quarter worth about $30,000. 82.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on UGI shares. StockNews.com upgraded UGI from a "hold" rating to a "buy" rating in a research report on Thursday. Mizuho lifted their price objective on shares of UGI from $38.00 to $39.00 and gave the company an "outperform" rating in a report on Thursday.

Insiders Place Their Bets

In other UGI news, insider Michael Sharp bought 4,806 shares of UGI stock in a transaction on Thursday, February 27th. The shares were bought at an average price 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. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.73% of the stock is currently owned by corporate insiders.

UGI Price Performance

NYSE:UGI traded up $0.17 during trading hours on Friday, reaching $35.48. 1,432,117 shares of the company were exchanged, compared to its average volume of 2,228,719. The firm has a market cap of $7.61 billion, a PE ratio of 13.97, a price-to-earnings-growth ratio of 2.26 and a beta of 1.05. The stock's 50-day moving average is $32.81 and its 200-day moving average is $30.31. The company has a current ratio of 1.00, a quick ratio of 0.82 and a debt-to-equity ratio of 1.44. UGI Co. has a twelve month low of $22.01 and a twelve month high of $35.49.

UGI (NYSE:UGI - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The utilities provider reported $2.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.80 by $0.41. UGI had a return on equity of 15.19% and a net margin of 7.73%. The firm had revenue of $2.67 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same period in the previous year, the company posted $1.97 earnings per share. The business's revenue was up 8.1% on a year-over-year basis. On average, sell-side analysts anticipate that UGI Co. will post 3.02 earnings per share for the current fiscal year.

UGI Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, May 16th will be given a dividend of $0.375 per share. The ex-dividend date is Monday, June 16th. This represents a $1.50 dividend on an annualized basis and a yield of 4.23%. UGI's payout ratio is 61.73%.

UGI Company 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.