UGI Co. (NYSE:UGI) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

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

A number of other hedge funds have also recently modified their holdings of the stock. Norges Bank acquired a new stake in UGI during the 4th quarter worth $103,115,000. FMR LLC boosted its stake 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 period. Corvex Management LP acquired a new stake in UGI during the 4th quarter worth $55,354,000. Pictet Asset Management Holding SA boosted its stake 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 period. Finally, Neuberger Berman Group LLC lifted its stake in shares of UGI by 5,215.3% in the 4th quarter. Neuberger Berman Group LLC now owns 1,560,265 shares of the utilities provider's stock worth $44,046,000 after acquiring an additional 1,530,911 shares during the period. 82.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UGI has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of UGI from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Mizuho raised their target price on shares of UGI from $38.00 to $39.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th.

UGI Stock Performance

Shares of UGI stock traded up $0.17 during mid-day trading on Friday, hitting $36.07. The stock had a trading volume of 1,971,722 shares, compared to its average volume of 2,217,211. UGI Co. has a fifty-two week low of $22.01 and a fifty-two week high of $36.35. The firm has a market cap of $7.73 billion, a PE ratio of 14.20, a PEG ratio of 2.26 and a beta of 1.05. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.00 and a quick ratio of 0.82. The company's 50-day simple moving average is $33.40 and its 200-day simple moving average is $31.14.

UGI (NYSE:UGI - Get Free Report) last released its 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. UGI had a net margin of 7.73% and a return on equity of 15.19%. The company had revenue of $2.67 billion during the quarter, compared to analysts' expectations of $3.26 billion. During the same quarter last year, the business earned $1.97 EPS. The business's revenue was up 8.1% on a year-over-year basis. Sell-side analysts anticipate that UGI Co. will post 3.02 earnings per share for the current year.

UGI Announces Dividend

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 paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 4.16%. The ex-dividend date of this dividend is Monday, June 16th. UGI's dividend payout ratio (DPR) is 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.