Nuveen Asset Management LLC Decreases Stock Position in UGI Co. (NYSE:UGI)

Nuveen Asset Management LLC reduced its stake in UGI Co. (NYSE:UGI - Free Report) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Barclays PLC lifted its holdings in shares of UGI by 7.8% in the third quarter. Barclays PLC now owns 313,810 shares of the utilities provider's stock worth $7,852,000 after buying an additional 22,752 shares in the last quarter. Merit Financial Group LLC bought a new stake in UGI during the 4th quarter worth approximately $215,000. HB Wealth Management LLC purchased a new stake in UGI in the 4th quarter worth approximately $215,000. UMB Bank n.a. boosted its holdings in UGI by 67.1% in the 4th quarter. UMB Bank n.a. now owns 1,345 shares of the utilities provider's stock valued at $38,000 after purchasing an additional 540 shares during the period. Finally, Cyndeo Wealth Partners LLC purchased a new position in shares of UGI during the 4th quarter valued at $7,226,000. Institutional investors own 82.34% of the company's stock.

UGI Price Performance

UGI stock traded down $0.51 during midday trading on Wednesday, reaching $35.62. The company had a trading volume of 796,282 shares, compared to its average volume of 2,083,969. The firm has a 50-day moving average price of $33.29 and a 200-day moving average price of $31.02. 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 company has a market capitalization of $7.64 billion, a P/E ratio of 14.03, a P/E/G ratio of 2.26 and a beta of 1.05. UGI Co. has a 1 year low of $22.01 and a 1 year high of $36.35.

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

UGI Dividend Announcement

The company also recently disclosed 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 of this dividend is Monday, June 16th. This represents a $1.50 annualized dividend and a dividend yield of 4.21%. UGI's dividend payout ratio (DPR) is presently 61.73%.

Insider Activity at UGI

In other UGI news, insider Michael Sharp purchased 4,806 shares of UGI stock in a transaction on Thursday, February 27th. The shares were acquired at an average cost of $33.30 per share, for a total transaction of $160,039.80. Following the completion of the transaction, the insider now directly owns 4,806 shares of the company's stock, valued at approximately $160,039.80. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.73% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

UGI Company 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.