Squarepoint Ops LLC Sells 19,492 Shares of UGI Co. (NYSE:UGI)

Squarepoint Ops LLC cut its position in UGI Co. (NYSE:UGI - Free Report) by 41.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm 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.

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

Wall Street Analysts Forecast Growth

UGI has been the topic of several research analyst reports. Mizuho raised their target price on shares of UGI from $38.00 to $39.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. Wall Street Zen raised shares of UGI from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th.

UGI Stock Down 0.6%

Shares of UGI stock traded down $0.21 during trading on Tuesday, reaching $36.28. The stock had a trading volume of 1,503,111 shares, compared to its average volume of 2,209,602. 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 company has a market capitalization of $7.78 billion, a price-to-earnings ratio of 14.28, a P/E/G ratio of 2.26 and a beta of 1.05. The stock has a fifty day moving average price of $33.53 and a two-hundred day moving average price of $31.42. UGI Co. has a 52 week low of $22.01 and a 52 week high of $36.52.

UGI (NYSE:UGI - Get Free Report) last released its earnings results on Wednesday, May 7th. The utilities provider reported $2.21 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 firm had revenue of $2.67 billion for the quarter, compared to analysts' expectations of $3.26 billion. During the same quarter in the previous year, the business posted $1.97 EPS. The business's quarterly revenue was up 8.1% compared to the same quarter last year. Sell-side analysts predict that UGI Co. will post 3.02 EPS for the current fiscal 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 dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 4.13%. The ex-dividend date is Monday, June 16th. UGI's payout ratio is 61.73%.

About UGI

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.