Quantinno Capital Management LP lifted its stake in shares of UGI Co. (NYSE:UGI - Free Report) by 35.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 106,574 shares of the utilities provider's stock after purchasing an additional 27,804 shares during the period. Quantinno Capital Management LP's holdings in UGI were worth $3,009,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. AIA Group Ltd increased its position in UGI by 1.8% during the fourth quarter. AIA Group Ltd now owns 18,047 shares of the utilities provider's stock worth $509,000 after acquiring an additional 323 shares during the period. US Bancorp DE boosted its holdings in UGI by 3.7% during the fourth quarter. US Bancorp DE now owns 10,826 shares of the utilities provider's stock worth $306,000 after buying an additional 388 shares during the last quarter. Hourglass Capital LLC lifted its stake in UGI by 0.6% in the fourth quarter. Hourglass Capital LLC now owns 82,520 shares of the utilities provider's stock valued at $2,330,000 after buying an additional 470 shares in the last quarter. Venturi Wealth Management LLC lifted its position in UGI by 15.1% during the 4th quarter. Venturi Wealth Management LLC now owns 3,749 shares of the utilities provider's stock worth $106,000 after buying an additional 491 shares in the last quarter. Finally, Abundance Wealth Counselors raised its stake in UGI by 1.7% in the fourth quarter. Abundance Wealth Counselors now owns 29,514 shares of the utilities provider's stock valued at $833,000 after buying an additional 505 shares during the period. Hedge funds and other institutional investors own 82.34% of the company's stock.
Analyst Ratings Changes
A number of brokerages recently issued reports on UGI. Wall Street Zen raised UGI from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Mizuho boosted 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.
Read Our Latest Research Report on UGI
Insider Buying and Selling
In other UGI news, insider Michael Sharp acquired 4,806 shares of the stock in a transaction dated Thursday, February 27th. The stock was purchased at an average price 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 $160,039.80. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.73% of the stock is owned by corporate insiders.
UGI Stock Performance
Shares of NYSE UGI traded up $0.51 during midday trading on Friday, hitting $36.10. The company's stock had a trading volume of 1,320,291 shares, compared to its average volume of 2,231,180. The stock has a fifty day moving average price of $33.19 and a 200 day moving average price of $30.90. The firm has a market capitalization of $7.74 billion, a price-to-earnings ratio of 14.21, a P/E/G 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.
UGI (NYSE:UGI - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The utilities provider reported $2.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.80 by $0.41. The business had revenue of $2.67 billion during the quarter, compared to the consensus estimate of $3.26 billion. UGI had a return on equity of 15.19% and a net margin of 7.73%. The firm's quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.97 earnings per share. On average, research analysts forecast that UGI Co. will post 3.02 EPS for the current fiscal year.
UGI Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, May 16th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.50 annualized dividend and a yield of 4.16%. UGI's dividend payout ratio (DPR) is currently 61.73%.
UGI Profile
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Free Report)
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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