UGI Co. (NYSE:UGI) Shares Sold by Man Group plc

Man Group plc decreased its position in UGI Co. (NYSE:UGI - Free Report) by 82.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 30,896 shares of the utilities provider's stock after selling 148,139 shares during the period. Man Group plc's holdings in UGI were worth $872,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Norges Bank purchased a new position in UGI during the fourth quarter worth about $103,115,000. FMR LLC increased its holdings in UGI by 22.4% during the 4th quarter. FMR LLC now owns 11,529,202 shares of the utilities provider's stock worth $325,469,000 after purchasing an additional 2,110,337 shares during the last quarter. Corvex Management LP purchased a new stake in UGI during the 4th quarter worth approximately $55,354,000. Pictet Asset Management Holding SA increased its holdings in UGI by 5,776.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,739,419 shares of the utilities provider's stock worth $49,104,000 after purchasing an additional 1,709,820 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its holdings in UGI by 5,215.3% during the 4th quarter. Neuberger Berman Group LLC now owns 1,560,265 shares of the utilities provider's stock worth $44,046,000 after purchasing an additional 1,530,911 shares during the last quarter. Institutional investors and hedge funds own 82.34% of the company's stock.

UGI Stock Performance

Shares of UGI traded up $0.05 during mid-day trading on Tuesday, hitting $36.13. The stock had a trading volume of 1,736,560 shares, compared to its average volume of 2,229,202. The company has a market cap of $7.75 billion, a PE ratio of 14.22, a PEG ratio of 2.26 and a beta of 1.05. The company's fifty day simple moving average is $33.24 and its two-hundred day simple moving average is $30.99. The company has a quick ratio of 0.82, a current ratio of 1.00 and a debt-to-equity ratio of 1.44. UGI Co. has a fifty-two week low of $22.01 and a fifty-two week high of $36.35.

UGI (NYSE:UGI - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The utilities provider reported $2.21 earnings per share (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 business had revenue of $2.67 billion during the quarter, compared to analyst estimates of $3.26 billion. During the same quarter in the previous year, the firm posted $1.97 EPS. The business's revenue for the quarter was up 8.1% compared to the same quarter last year. On average, equities analysts expect that UGI Co. will post 3.02 earnings per share for the current year.

UGI Dividend Announcement

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 4.15%. UGI's dividend payout ratio is currently 61.73%.

Insider Activity at UGI

In other UGI news, insider Michael Sharp purchased 4,806 shares of UGI stock in a transaction on Thursday, February 27th. The stock was bought at an average price of $33.30 per share, for a total transaction of $160,039.80. Following the transaction, the insider now owns 4,806 shares of the company's stock, valued at $160,039.80. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.73% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Wall Street Zen upgraded UGI from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Mizuho lifted their target price on UGI from $38.00 to $39.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th.

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.