UGI Co. (NYSE:UGI) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp cut its holdings in UGI Co. (NYSE:UGI - Free Report) by 70.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,392 shares of the utilities provider's stock after selling 122,979 shares during the quarter. Mackenzie Financial Corp's holdings in UGI were worth $1,451,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Bessemer Group Inc. raised its holdings 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 purchasing an additional 611 shares during the last quarter. Altshuler Shaham Ltd purchased a new position in shares of UGI in the fourth quarter valued at $25,000. GeoWealth Management LLC acquired a new position in shares of UGI during the 4th quarter worth $27,000. S.A. Mason LLC acquired a new position in shares of UGI during the 4th quarter worth $27,000. Finally, Flagship Wealth Advisors LLC purchased a new stake in shares of UGI in the 4th quarter worth about $30,000. Hedge funds and other institutional investors own 82.34% of the company's stock.

Analysts Set New Price Targets

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

UGI Price Performance

UGI stock traded down $0.77 during midday trading on Wednesday, reaching $35.49. 1,975,270 shares of the company were exchanged, compared to its average volume of 2,211,327. The firm's 50-day simple moving average is $33.65 and its 200-day simple moving average is $31.48. UGI Co. has a 1 year low of $22.01 and a 1 year high of $36.55. The company has a market capitalization of $7.61 billion, a price-to-earnings ratio of 13.97, a P/E/G ratio of 2.26 and a beta of 1.05. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.82 and a current ratio of 1.00.

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

UGI Announces Dividend

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

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.