Deutsche Bank AG Sells 351,226 Shares of UGI Co. (NYSE:UGI)

Deutsche Bank AG decreased its position in UGI Co. (NYSE:UGI - Free Report) by 89.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 42,284 shares of the utilities provider's stock after selling 351,226 shares during the period. Deutsche Bank AG's holdings in UGI were worth $1,194,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AIA Group Ltd boosted its stake in shares of UGI by 1.8% during the 4th quarter. AIA Group Ltd now owns 18,047 shares of the utilities provider's stock valued at $509,000 after buying an additional 323 shares during the period. US Bancorp DE boosted its position in UGI by 3.7% during the fourth quarter. US Bancorp DE now owns 10,826 shares of the utilities provider's stock valued at $306,000 after purchasing an additional 388 shares during the last quarter. Hourglass Capital LLC boosted its position in UGI by 0.6% during the fourth quarter. Hourglass Capital LLC now owns 82,520 shares of the utilities provider's stock valued at $2,330,000 after purchasing an additional 470 shares during the last quarter. Venturi Wealth Management LLC boosted its position in UGI by 15.1% during the fourth quarter. Venturi Wealth Management LLC now owns 3,749 shares of the utilities provider's stock valued at $106,000 after purchasing an additional 491 shares during the last quarter. Finally, Abundance Wealth Counselors boosted its position in UGI by 1.7% during the fourth quarter. Abundance Wealth Counselors now owns 29,514 shares of the utilities provider's stock valued at $833,000 after purchasing an additional 505 shares during the last quarter. Institutional investors and hedge funds own 82.34% of the company's stock.

Analyst Ratings Changes

A number of research firms 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 lifted their price objective on shares of UGI from $38.00 to $39.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th.

UGI Stock Down 0.5%

Shares of UGI stock traded down $0.20 on Friday, hitting $35.70. The company's stock had a trading volume of 88,666 shares, compared to its average volume of 2,213,088. 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 fifty-two week low of $22.01 and a fifty-two week high of $36.35. The firm's fifty day moving average price is $33.40 and its 200-day moving average price is $31.14. The stock has a market capitalization of $7.66 billion, a price-to-earnings ratio of 14.09, a P/E/G 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 the consensus estimate of $1.80 by $0.41. The business had revenue of $2.67 billion during the quarter, compared to analyst estimates of $3.26 billion. UGI had a net margin of 7.73% and a return on equity of 15.19%. UGI's quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.97 EPS. Research analysts anticipate that UGI Co. will post 3.02 EPS for the current year.

UGI Announces Dividend

The company also recently announced 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. This represents a $1.50 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date of this dividend is Monday, June 16th. UGI's dividend payout ratio is 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.