UGI Co. (NYSE:UGI) Shares Sold by Voloridge Investment Management LLC

Voloridge Investment Management LLC lessened its holdings in UGI Co. (NYSE:UGI - Free Report) by 26.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,130,129 shares of the utilities provider's stock after selling 408,505 shares during the period. Voloridge Investment Management LLC owned 0.53% of UGI worth $31,904,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of UGI. Sourcerock Group LLC boosted its stake in shares of UGI by 236.8% during the fourth quarter. Sourcerock Group LLC now owns 1,025,000 shares of the utilities provider's stock valued at $28,936,000 after acquiring an additional 720,700 shares during the last quarter. State of Wyoming raised its stake in UGI by 4.6% in the 4th quarter. State of Wyoming now owns 10,005 shares of the utilities provider's stock valued at $282,000 after purchasing an additional 444 shares during the last quarter. SIR Capital Management L.P. lifted its holdings in UGI by 1,279.5% in the 4th quarter. SIR Capital Management L.P. now owns 729,800 shares of the utilities provider's stock valued at $20,602,000 after purchasing an additional 676,898 shares in the last quarter. ProShare Advisors LLC boosted its stake in shares of UGI by 3.0% during the 4th quarter. ProShare Advisors LLC now owns 1,356,926 shares of the utilities provider's stock worth $38,306,000 after purchasing an additional 38,958 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its stake in shares of UGI by 35.3% during the 4th quarter. Quantinno Capital Management LP now owns 106,574 shares of the utilities provider's stock worth $3,009,000 after purchasing an additional 27,804 shares during the last quarter. 82.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Mizuho boosted their price objective on shares of UGI from $38.00 to $39.00 and gave the company 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 Trading Down 0.1%

NYSE:UGI traded down $0.03 during mid-day trading on Tuesday, reaching $36.06. The company's stock had a trading volume of 367,731 shares, compared to its average volume of 2,223,813. 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 $7.73 billion, a P/E ratio of 14.20, a P/E/G ratio of 2.26 and a beta of 1.05. The company's fifty day simple moving average is $33.24 and its two-hundred day simple moving average is $30.99. UGI Co. has a twelve month low of $22.01 and a twelve month high of $36.35.

UGI (NYSE:UGI - Get Free Report) last released 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 business had revenue of $2.67 billion for the quarter, compared to analysts' expectations of $3.26 billion. During the same period last year, the company earned $1.97 earnings per share. The company's quarterly revenue was up 8.1% on a year-over-year basis. On average, equities analysts predict that UGI Co. will post 3.02 EPS for the current year.

UGI Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders 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 4.16%. UGI's dividend payout ratio is presently 61.73%.

Insider Activity

In other news, insider Michael Sharp bought 4,806 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average cost of $33.30 per share, with a total value of $160,039.80. Following the transaction, the insider now owns 4,806 shares of the company's stock, valued at $160,039.80. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.73% of the company's stock.

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.