UGI Co. (NYSE:UGI) Shares Sold by Deutsche Bank AG

Deutsche Bank AG cut its position in UGI Co. (NYSE:UGI - Free Report) by 89.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,284 shares of the utilities provider's stock after selling 351,226 shares during the quarter. Deutsche Bank AG's holdings in UGI were worth $1,194,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. 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 purchasing an additional 2,110,337 shares during the last quarter. Snyder Capital Management L P raised its position in UGI by 1.6% in the 4th quarter. Snyder Capital Management L P now owns 5,126,709 shares of the utilities provider's stock valued at $144,727,000 after buying an additional 78,327 shares during the last quarter. Geode Capital Management LLC raised its position in UGI by 6.2% in the 4th quarter. Geode Capital Management LLC now owns 5,058,998 shares of the utilities provider's stock valued at $157,200,000 after buying an additional 296,028 shares during the last quarter. Federated Hermes Inc. increased its position in shares of UGI by 25.5% during the 4th quarter. Federated Hermes Inc. now owns 4,962,740 shares of the utilities provider's stock valued at $140,098,000 after purchasing an additional 1,007,156 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of UGI by 21.3% during the 4th quarter. Northern Trust Corp now owns 4,002,419 shares of the utilities provider's stock valued at $112,988,000 after purchasing an additional 703,491 shares during the last quarter. 82.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Mizuho lifted their target price on UGI from $38.00 to $39.00 and gave the company an "outperform" rating in a 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 Price Performance

Shares of NYSE:UGI traded down $0.53 during trading on Wednesday, hitting $35.60. 1,565,285 shares of the company's stock were exchanged, compared to its average volume of 2,226,557. 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 Co. has a 52-week low of $22.01 and a 52-week high of $36.35. The business's 50-day simple moving average is $33.29 and its 200 day simple moving average is $31.02. The company has a market cap of $7.63 billion, a price-to-earnings ratio of 14.02, a PEG ratio of 2.26 and a beta of 1.05.

UGI (NYSE:UGI - Get Free Report) last issued its quarterly earnings results 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 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%. UGI's quarterly revenue was up 8.1% compared to the same quarter last year. During the same period last year, the company earned $1.97 EPS. As a group, equities analysts predict that UGI Co. will post 3.02 EPS for the current year.

UGI Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, May 16th will be paid 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 4.21%. UGI's payout ratio is presently 61.73%.

Insider Activity

In related news, insider Michael Sharp purchased 4,806 shares of the company's stock in a transaction dated Thursday, February 27th. The stock was acquired at an average cost of $33.30 per share, for a total transaction of $160,039.80. Following the completion of the transaction, the insider now directly owns 4,806 shares of the company's stock, valued at approximately $160,039.80. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.73% of the company's stock.

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.