UGI Co. (NYSE:UGI) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its stake in shares of UGI Co. (NYSE:UGI - Free Report) by 74.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,455 shares of the utilities provider's stock after selling 58,812 shares during the period. SG Americas Securities LLC's holdings in UGI were worth $503,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stonebridge Capital Advisors LLC raised its stake in UGI by 165.4% during the 4th quarter. Stonebridge Capital Advisors LLC now owns 690 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 430 shares during the last quarter. ICA Group Wealth Management LLC acquired a new position in UGI during the 4th quarter worth approximately $29,000. Rockefeller Capital Management L.P. increased its position in UGI by 1,379.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,346 shares of the utilities provider's stock worth $49,000 after purchasing an additional 1,255 shares during the period. UniSuper Management Pty Ltd acquired a new position in UGI during the 2nd quarter worth approximately $40,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in UGI by 35.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,500 shares of the utilities provider's stock worth $56,000 after purchasing an additional 391 shares during the period. 82.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on UGI shares. Wells Fargo & Company cut UGI from an "overweight" rating to an "equal weight" rating and boosted their target price for the stock from $27.00 to $28.00 in a research report on Thursday, March 14th. TheStreet upgraded UGI from a "d+" rating to a "c-" rating in a research report on Wednesday, February 21st. Finally, Mizuho dropped their target price on UGI from $29.00 to $26.00 and set a "neutral" rating on the stock in a research report on Thursday, January 18th.

UGI Price Performance

Shares of UGI traded up $0.10 on Friday, reaching $25.10. The stock had a trading volume of 1,607,877 shares, compared to its average volume of 1,884,281. The firm has a market capitalization of $5.26 billion, a PE ratio of -11.41, a PEG ratio of 1.08 and a beta of 1.16. The company has a quick ratio of 0.79, a current ratio of 0.98 and a debt-to-equity ratio of 1.59. The firm has a 50-day moving average of $24.25 and a 200 day moving average of $23.18. UGI Co. has a twelve month low of $20.19 and a twelve month high of $35.47.

UGI (NYSE:UGI - Get Free Report) last released its quarterly earnings results on Wednesday, January 31st. The utilities provider reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $1.12 by $0.08. The business had revenue of $2.12 billion for the quarter, compared to analysts' expectations of $2.98 billion. UGI had a positive return on equity of 14.09% and a negative net margin of 5.48%. Sell-side analysts expect that UGI Co. will post 2.9 EPS for the current year.

UGI Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 5.98%. The ex-dividend date of this dividend was Thursday, March 14th. UGI's dividend payout ratio is currently -68.18%.

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.