Nuveen Asset Management LLC Sells 8,683 Shares of UGI Co. (NYSE:UGI)

Nuveen Asset Management LLC reduced its position in shares of UGI Co. (NYSE:UGI - Free Report) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 618,133 shares of the utilities provider's stock after selling 8,683 shares during the period. Nuveen Asset Management LLC owned approximately 0.29% of UGI worth $17,450,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Altshuler Shaham Ltd acquired a new position in shares of UGI in the 4th quarter valued at $25,000. Bessemer Group Inc. boosted its position in UGI by 216.7% during the 4th quarter. Bessemer Group Inc. now owns 893 shares of the utilities provider's stock worth $25,000 after acquiring an additional 611 shares during the period. S.A. Mason LLC acquired a new stake in UGI during the 4th quarter worth about $27,000. GeoWealth Management LLC acquired a new stake in UGI during the 4th quarter worth about $27,000. Finally, Flagship Wealth Advisors LLC acquired a new stake in UGI during the 4th quarter worth about $30,000. Institutional investors and hedge funds own 82.34% of the company's stock.

UGI Stock Performance

UGI traded down $0.18 on Thursday, hitting $35.44. The company had a trading volume of 257,418 shares, compared to its average volume of 2,073,608. The company's fifty day moving average price is $33.34 and its 200 day moving average price is $31.05. UGI Co. has a 1-year low of $22.01 and a 1-year high of $36.35. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.00 and a quick ratio of 0.82. The stock has a market cap of $7.60 billion, a price-to-earnings ratio of 13.95, a price-to-earnings-growth ratio of 2.26 and a beta of 1.05.

UGI (NYSE:UGI - Get Free Report) last posted its earnings results on Wednesday, May 7th. The utilities provider reported $2.21 earnings per share for the quarter, topping the consensus estimate 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%. The company's revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.97 EPS. Equities analysts predict that UGI Co. will post 3.02 earnings per share for the current fiscal year.

UGI Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, May 16th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 4.23%. The ex-dividend date is Monday, June 16th. UGI's dividend payout ratio is currently 61.73%.

Analyst Ratings Changes

UGI has been the subject of a number of research reports. Mizuho raised their price objective on UGI from $38.00 to $39.00 and gave the stock an "outperform" rating in a research 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 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.