Bank of America Corp DE Has $26.34 Million Stake in UGI Co. (NYSE:UGI)

Bank of America Corp DE cut its stake in shares of UGI Co. (NYSE:UGI - Free Report) by 50.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 933,189 shares of the utilities provider's stock after selling 954,614 shares during the period. Bank of America Corp DE owned approximately 0.43% of UGI worth $26,344,000 at the end of the most recent reporting period.

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

Insider Activity at UGI

In related news, insider Michael Sharp purchased 4,806 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The shares were purchased at an average price of $33.30 per share, with a total value of $160,039.80. Following the purchase, 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 acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.73% of the company's stock.

UGI Stock Performance

NYSE:UGI traded down $0.46 during mid-day trading on Wednesday, hitting $35.58. The stock had a trading volume of 1,651,917 shares, compared to its average volume of 2,235,589. 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 50 day simple moving average of $33.02 and a 200-day simple moving average of $30.60. The stock has a market capitalization of $7.63 billion, a price-to-earnings ratio of 14.01, a P/E/G ratio of 2.26 and a beta of 1.05. UGI Co. has a 52 week low of $22.01 and a 52 week high of $36.35.

UGI (NYSE:UGI - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The utilities provider reported $2.21 EPS for the quarter, beating 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 company had revenue of $2.67 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same period last year, the company earned $1.97 earnings per share. The company's quarterly revenue was up 8.1% compared to the same quarter last year. On average, research analysts expect that UGI Co. will post 3.02 earnings per share for the current fiscal year.

UGI Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, May 16th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.22%. UGI's payout ratio is currently 61.73%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. StockNews.com raised UGI from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Mizuho upped their price target on shares of UGI from $38.00 to $39.00 and gave the company an "outperform" rating in a report on Thursday, May 15th.

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.