Shell Asset Management Co. Lowers Position in UGI Co. (NYSE:UGI)

Shell Asset Management Co. trimmed its stake in shares of UGI Co. (NYSE:UGI - Free Report) by 73.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,537 shares of the utilities provider's stock after selling 28,620 shares during the quarter. Shell Asset Management Co.'s holdings in UGI were worth $297,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in UGI. Bessemer Group Inc. grew its position 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 acquiring an additional 611 shares in the last quarter. Altshuler Shaham Ltd acquired a new position in UGI during the 4th quarter valued at $25,000. GeoWealth Management LLC acquired a new position in UGI during the 4th quarter valued at $27,000. S.A. Mason LLC bought a new stake in UGI in the 4th quarter valued at $27,000. Finally, Flagship Wealth Advisors LLC bought a new stake in shares of UGI in the 4th quarter worth about $30,000. 82.34% of the stock is currently owned by institutional investors.

Insider Transactions at UGI

In other news, insider Michael Sharp acquired 4,806 shares of the company's stock in a transaction on Thursday, February 27th. The stock was bought at an average cost of $33.30 per share, with a total value of $160,039.80. Following the completion of the purchase, the insider now directly owns 4,806 shares of the company's stock, valued at $160,039.80. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.73% of the company's stock.

UGI Stock Performance

NYSE:UGI traded down $0.46 during trading on Wednesday, reaching $35.58. The company's stock had a trading volume of 1,651,917 shares, compared to its average volume of 2,237,894. 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 $7.63 billion, a price-to-earnings ratio of 14.01, a price-to-earnings-growth ratio of 2.26 and a beta of 1.05. UGI Co. has a 12 month low of $22.01 and a 12 month high of $36.35. The firm has a 50 day moving average of $33.07 and a 200-day moving average of $30.63.

UGI (NYSE:UGI - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The utilities provider reported $2.21 EPS for the quarter, topping analysts' consensus estimates of $1.80 by $0.41. The business had revenue of $2.67 billion for the quarter, compared to analysts' expectations of $3.26 billion. UGI had a return on equity of 15.19% and a net margin of 7.73%. The business's quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.97 EPS. Research analysts expect that UGI Co. will post 3.02 EPS for the current fiscal year.

UGI Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 16th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date is Monday, June 16th. UGI's payout ratio is presently 61.73%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on UGI. Mizuho increased 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. StockNews.com raised shares of 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.