28,487 Shares in UGI Co. (NYSE:UGI) Purchased by Nomura Holdings Inc.

Nomura Holdings Inc. purchased a new position in shares of UGI Co. (NYSE:UGI - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 28,487 shares of the utilities provider's stock, valued at approximately $804,000.

A number of other hedge funds have also bought and sold shares of UGI. Altshuler Shaham Ltd acquired a new stake in UGI during the fourth quarter worth about $25,000. Bessemer Group Inc. grew its stake in 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 buying an additional 611 shares in the last quarter. S.A. Mason LLC acquired a new stake in UGI during the fourth quarter worth about $27,000. GeoWealth Management LLC acquired a new stake in UGI during the fourth quarter worth about $27,000. Finally, Flagship Wealth Advisors LLC acquired a new stake in UGI during the fourth quarter worth about $30,000. 82.34% of the stock is owned by institutional investors.

UGI Trading Up 1.2%

UGI opened at $35.90 on Tuesday. The company's 50 day moving average is $32.94 and its 200-day moving average is $30.56. UGI Co. has a 1-year low of $22.01 and a 1-year high of $35.97. The company has a current ratio of 1.00, a quick ratio of 0.82 and a debt-to-equity ratio of 1.44. The company has a market cap of $7.70 billion, a P/E ratio of 14.13, a PEG ratio of 2.26 and a beta of 1.05.

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

UGI Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 16th will be paid a $0.375 dividend. The ex-dividend date is Monday, June 16th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.18%. UGI's payout ratio is currently 61.73%.

Insider Buying and Selling

In other UGI news, insider Michael Sharp bought 4,806 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average cost of $33.30 per share, for a total transaction of $160,039.80. Following 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.73% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Mizuho increased their price objective on shares of UGI from $38.00 to $39.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th. StockNews.com upgraded shares of UGI from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th.

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.

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