Squarepoint Ops LLC Reduces Stock Position in UGI Co. (NYSE:UGI)

Squarepoint Ops LLC lowered its holdings in shares of UGI Co. (NYSE:UGI - Free Report) by 41.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,967 shares of the utilities provider's stock after selling 19,492 shares during the period. Squarepoint Ops LLC's holdings in UGI were worth $790,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of UGI. FMR LLC increased its stake in shares of UGI by 22.4% in 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 in the last quarter. Snyder Capital Management L P lifted its position in UGI by 1.6% during the fourth quarter. Snyder Capital Management L P now owns 5,126,709 shares of the utilities provider's stock valued at $144,727,000 after purchasing an additional 78,327 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of UGI by 6.2% in the 4th quarter. Geode Capital Management LLC now owns 5,058,998 shares of the utilities provider's stock worth $157,200,000 after acquiring an additional 296,028 shares during the last quarter. Federated Hermes Inc. lifted its holdings in shares of UGI by 25.5% in the 4th quarter. Federated Hermes Inc. now owns 4,962,740 shares of the utilities provider's stock worth $140,098,000 after acquiring an additional 1,007,156 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of UGI by 21.3% in the 4th quarter. Northern Trust Corp now owns 4,002,419 shares of the utilities provider's stock worth $112,988,000 after acquiring an additional 703,491 shares during the last quarter. 82.34% of the stock is owned by hedge funds and other institutional investors.

UGI Trading Down 0.4%

NYSE UGI traded down $0.15 during trading hours on Thursday, reaching $35.32. The company had a trading volume of 1,364,415 shares, compared to its average volume of 2,210,346. The stock has a 50-day moving average of $33.65 and a 200 day moving average of $31.48. UGI Co. has a 1-year low of $22.01 and a 1-year high of $36.55. The company has a current ratio of 1.00, a quick ratio of 0.82 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $7.57 billion, a P/E ratio of 13.90, a price-to-earnings-growth ratio of 2.26 and a beta of 1.05.

UGI (NYSE:UGI - Get Free Report) last released its earnings results on Wednesday, May 7th. The utilities provider reported $2.21 earnings per share for the quarter, topping analysts' consensus estimates of $1.80 by $0.41. The firm had revenue of $2.67 billion for 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%. The business's quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.97 earnings per share. As a group, research analysts anticipate that UGI Co. will post 3.02 earnings per share for the current fiscal year.

UGI Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 16th will be given a dividend of $0.375 per share. The ex-dividend date is Monday, June 16th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.25%. UGI's dividend payout ratio (DPR) is presently 61.73%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Mizuho raised their price target 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. Wall Street Zen upgraded 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.