UGI Co. (NYSE:UGI) Shares Acquired by NBC Securities Inc.

NBC Securities Inc. increased its stake in shares of UGI Co. (NYSE:UGI - Free Report) by 108,531.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,640 shares of the utilities provider's stock after acquiring an additional 20,621 shares during the period. NBC Securities Inc.'s holdings in UGI were worth $682,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Norges Bank acquired a new stake in UGI during the fourth quarter valued at $103,115,000. FMR LLC grew its holdings in shares of UGI by 22.4% during the fourth quarter. FMR LLC now owns 11,529,202 shares of the utilities provider's stock worth $325,469,000 after buying an additional 2,110,337 shares in the last quarter. Corvex Management LP acquired a new stake in shares of UGI in the fourth quarter valued at about $55,354,000. Pictet Asset Management Holding SA lifted its stake in shares of UGI by 5,776.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,739,419 shares of the utilities provider's stock worth $49,104,000 after buying an additional 1,709,820 shares in the last quarter. Finally, Neuberger Berman Group LLC boosted its holdings in shares of 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. 82.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on UGI. Wall Street Zen raised shares of UGI from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Mizuho increased their target price on UGI from $38.00 to $39.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th.

UGI Stock Up 0.6%

Shares of NYSE UGI traded up $0.22 during mid-day trading on Friday, hitting $35.56. The company had a trading volume of 1,077,310 shares, compared to its average volume of 2,205,832. The company has a market capitalization of $7.62 billion, a PE ratio of 14.00, a price-to-earnings-growth ratio of 2.26 and a beta of 1.06. The business's 50-day simple moving average is $33.70 and its 200 day simple moving average is $31.55. UGI Co. has a 1-year low of $22.01 and a 1-year high of $36.55. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.00 and a quick ratio of 0.82.

UGI (NYSE:UGI - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The utilities provider reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts' expectations of $3.26 billion. During the same quarter last year, the business posted $1.97 EPS. The business's quarterly revenue was up 8.1% compared to the same quarter last year. On average, analysts predict that UGI Co. will post 3.02 earnings per share for the current 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 issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 4.22%. The ex-dividend date is Monday, June 16th. UGI's dividend payout ratio (DPR) is presently 61.73%.

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.