Nuveen Asset Management LLC trimmed its stake in shares of UGI Co. (NYSE:UGI - Free Report) by 1.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 618,133 shares of the utilities provider's stock after selling 8,683 shares during the period. Nuveen Asset Management LLC owned 0.29% of UGI worth $17,450,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its stake in UGI by 254.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 181,687 shares of the utilities provider's stock valued at $5,138,000 after acquiring an additional 130,407 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of UGI by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,555,075 shares of the utilities provider's stock valued at $72,130,000 after buying an additional 51,861 shares during the period. Bleakley Financial Group LLC purchased a new position in shares of UGI during the fourth quarter valued at approximately $253,000. Jump Financial LLC boosted its position in shares of UGI by 190.8% during the fourth quarter. Jump Financial LLC now owns 34,158 shares of the utilities provider's stock valued at $964,000 after buying an additional 22,411 shares during the period. Finally, Sanctuary Advisors LLC boosted its position in shares of UGI by 1,232.3% during the fourth quarter. Sanctuary Advisors LLC now owns 291,464 shares of the utilities provider's stock valued at $9,032,000 after buying an additional 269,588 shares during the period. 82.34% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on UGI shares. Wall Street Zen upgraded shares of UGI from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Mizuho lifted their price objective on shares of UGI from $38.00 to $39.00 and gave the company an "outperform" rating in a report on Thursday, May 15th.
View Our Latest Report on UGI
Insider Buying and Selling
In related news, insider Michael Sharp bought 4,806 shares of the company's stock in a transaction on Thursday, February 27th. The shares were bought at an average price of $33.30 per share, with a total value of $160,039.80. Following the transaction, the insider now owns 4,806 shares in the company, valued at approximately $160,039.80. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.73% of the stock is currently owned by company insiders.
UGI Trading Up 0.1%
UGI traded up $0.05 on Tuesday, reaching $36.13. 1,736,560 shares of the company traded hands, compared to its average volume of 2,229,202. UGI Co. has a one year low of $22.01 and a one year high of $36.35. The firm has a fifty day simple moving average of $33.24 and a two-hundred day simple moving average of $30.99. The company has a market cap of $7.75 billion, a P/E ratio of 14.22, a price-to-earnings-growth ratio of 2.26 and a beta of 1.05. The company has a quick ratio of 0.82, a current ratio of 1.00 and a debt-to-equity ratio of 1.44.
UGI (NYSE:UGI - Get Free Report) last posted its quarterly 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. The business had revenue of $2.67 billion during 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 company's quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.97 EPS. As a group, equities research analysts expect that UGI Co. will post 3.02 earnings per share for the current year.
UGI Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, May 16th will be paid a dividend of $0.375 per share. The ex-dividend date is Monday, June 16th. This represents a $1.50 annualized dividend and a dividend yield of 4.15%. UGI's dividend payout ratio (DPR) is presently 61.73%.
About UGI
(
Free Report)
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.
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