UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Stock Position in UGI Co. (NYSE:UGI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of UGI Co. (NYSE:UGI - Free Report) by 18.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 669,918 shares of the utilities provider's stock after purchasing an additional 103,124 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.31% of UGI worth $18,912,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of UGI. Bessemer Group Inc. boosted its stake in UGI by 216.7% in the fourth quarter. Bessemer Group Inc. now owns 893 shares of the utilities provider's stock worth $25,000 after buying an additional 611 shares in the last quarter. Altshuler Shaham Ltd bought a new stake in shares of UGI in the 4th quarter worth approximately $25,000. GeoWealth Management LLC purchased a new stake in shares of UGI in the 4th quarter valued at $27,000. S.A. Mason LLC bought a new position in shares of UGI during the 4th quarter valued at $27,000. Finally, Flagship Wealth Advisors LLC purchased a new position in UGI in the 4th quarter worth $30,000. 82.34% of the stock is currently owned by institutional investors.

UGI Trading Up 1.2%

Shares of NYSE UGI traded up $0.44 during mid-day trading on Monday, hitting $36.50. The stock had a trading volume of 1,892,075 shares, compared to its average volume of 2,212,427. The business has a 50 day moving average price of $33.53 and a two-hundred day moving average price of $31.42. UGI Co. has a 1 year low of $22.01 and a 1 year high of $36.52. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.82 and a current ratio of 1.00. The firm has a market cap of $7.83 billion, a P/E ratio of 14.37, a price-to-earnings-growth ratio of 2.26 and a beta of 1.05.

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. The firm had revenue of $2.67 billion for the quarter, compared to analysts' expectations of $3.26 billion. UGI had a net margin of 7.73% and a return on equity of 15.19%. The company's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.97 earnings per share. On average, equities analysts anticipate that UGI Co. will post 3.02 EPS for the current fiscal year.

UGI Announces Dividend

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 issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 4.11%. The ex-dividend date is Monday, June 16th. UGI's dividend payout ratio (DPR) is currently 61.73%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Mizuho upped their price target on shares of 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 note 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.