Voloridge Investment Management LLC reduced its stake in UGI Co. (NYSE:UGI - Free Report) by 26.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in UGI. AIA Group Ltd boosted its holdings in shares of UGI by 1.8% in the 4th quarter. AIA Group Ltd now owns 18,047 shares of the utilities provider's stock valued at $509,000 after buying an additional 323 shares in the last quarter. US Bancorp DE boosted its stake in UGI by 3.7% in the fourth quarter. US Bancorp DE now owns 10,826 shares of the utilities provider's stock valued at $306,000 after acquiring an additional 388 shares in the last quarter. State of Wyoming boosted its stake in UGI by 4.6% in the fourth quarter. State of Wyoming now owns 10,005 shares of the utilities provider's stock valued at $282,000 after acquiring an additional 444 shares in the last quarter. Hourglass Capital LLC grew its holdings in shares of UGI by 0.6% during the fourth quarter. Hourglass Capital LLC now owns 82,520 shares of the utilities provider's stock worth $2,330,000 after purchasing an additional 470 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its position in shares of UGI by 15.1% during the fourth quarter. Venturi Wealth Management LLC now owns 3,749 shares of the utilities provider's stock worth $106,000 after purchasing an additional 491 shares in the last quarter. 82.34% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at UGI
In other UGI news, insider Michael Sharp purchased 4,806 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were purchased at an average cost of $33.30 per share, for a total transaction of $160,039.80. Following the completion of the purchase, the insider now directly owns 4,806 shares in the company, valued at $160,039.80. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.73% of the company's stock.
UGI Stock Performance
Shares of UGI stock opened at $35.58 on Thursday. The stock's 50-day moving average price is $33.07 and its 200 day moving average price is $30.63. The company has a quick ratio of 0.82, a current ratio of 1.00 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $7.63 billion, a PE ratio of 14.01, a price-to-earnings-growth ratio of 2.26 and a beta of 1.05. UGI Co. has a 52-week low of $22.01 and a 52-week 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, beating analysts' consensus estimates of $1.80 by $0.41. The business had revenue of $2.67 billion for 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.97 earnings per share. As a group, equities research analysts forecast that UGI Co. will post 3.02 EPS for the current year.
UGI Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 16th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 4.22%. The ex-dividend date is Monday, June 16th. UGI's payout ratio is 61.73%.
Analysts Set New Price Targets
A number of brokerages have weighed in on UGI. StockNews.com upgraded UGI from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Mizuho upped their price target 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.
Check Out Our Latest Stock Report on UGI
UGI Profile
(
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider UGI, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and UGI wasn't on the list.
While UGI currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
