UGI Co. (NYSE:UGI) Shares Bought by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of UGI Co. (NYSE:UGI - Free Report) by 17.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 72,066 shares of the utilities provider's stock after acquiring an additional 10,751 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in UGI were worth $2,034,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Barclays PLC raised its position in UGI by 7.8% during the 3rd quarter. Barclays PLC now owns 313,810 shares of the utilities provider's stock valued at $7,852,000 after purchasing an additional 22,752 shares in the last quarter. Merit Financial Group LLC bought a new stake in UGI during the 4th quarter valued at $215,000. HB Wealth Management LLC bought a new stake in UGI during the 4th quarter valued at $215,000. UMB Bank n.a. raised its position in UGI by 67.1% during the 4th quarter. UMB Bank n.a. now owns 1,345 shares of the utilities provider's stock valued at $38,000 after purchasing an additional 540 shares in the last quarter. Finally, Cyndeo Wealth Partners LLC bought a new stake in UGI during the 4th quarter valued at $7,226,000. Hedge funds and other institutional investors own 82.34% of the company's stock.

Insider Activity at UGI

In other UGI news, insider Michael Sharp bought 4,806 shares of UGI stock in a transaction that occurred on Thursday, February 27th. The shares were bought at an average cost of $33.30 per share, with a total value of $160,039.80. Following the transaction, the insider now directly owns 4,806 shares of the company's stock, valued at approximately $160,039.80. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.73% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on UGI. Mizuho lifted their target price on UGI from $38.00 to $39.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. Wall Street Zen raised UGI from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th.

UGI Stock Up 0.1%

Shares of UGI traded up $0.05 during trading hours on Tuesday, hitting $36.13. The company had a trading volume of 1,736,560 shares, compared to its average volume of 2,229,202. The company has a market capitalization of $7.75 billion, a PE ratio of 14.22, a price-to-earnings-growth ratio of 2.26 and a beta of 1.05. 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 one year low of $22.01 and a one year high of $36.35. The company's fifty day moving average price is $33.29 and its two-hundred day moving average price is $31.02.

UGI (NYSE:UGI - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The utilities provider reported $2.21 EPS for the quarter, topping the consensus estimate of $1.80 by $0.41. The firm had revenue of $2.67 billion during the quarter, compared to analyst estimates of $3.26 billion. UGI had a return on equity of 15.19% and a net margin of 7.73%. The business's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.97 EPS. As a group, equities analysts forecast 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 given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 4.15%. The ex-dividend date is Monday, June 16th. UGI's dividend payout ratio is currently 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.