Wedge Capital Management L L P NC Sells 167,119 Shares of UGI Co. (NYSE:UGI)

Wedge Capital Management L L P NC decreased its stake in shares of UGI Co. (NYSE:UGI - Free Report) by 24.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 505,458 shares of the utilities provider's stock after selling 167,119 shares during the quarter. Wedge Capital Management L L P NC owned about 0.24% of UGI worth $12,434,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in UGI. Federated Hermes Inc. grew its holdings in UGI by 5.5% during the fourth quarter. Federated Hermes Inc. now owns 2,502,192 shares of the utilities provider's stock worth $61,554,000 after purchasing an additional 130,010 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of UGI by 35.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,302 shares of the utilities provider's stock worth $1,336,000 after acquiring an additional 14,300 shares during the last quarter. Mackenzie Financial Corp raised its stake in UGI by 247.1% in the 4th quarter. Mackenzie Financial Corp now owns 227,287 shares of the utilities provider's stock valued at $5,591,000 after acquiring an additional 161,800 shares during the period. Phocas Financial Corp. acquired a new stake in shares of UGI during the 4th quarter worth about $4,270,000. Finally, Louisiana State Employees Retirement System acquired a new position in UGI in the 4th quarter valued at about $1,446,000. Institutional investors own 82.34% of the company's stock.

UGI Price Performance

Shares of UGI stock traded up $0.05 on Tuesday, reaching $25.53. 1,813,939 shares of the stock were exchanged, compared to its average volume of 2,051,634. The firm's 50 day moving average is $24.46 and its 200-day moving average is $23.29. The firm has a market cap of $5.35 billion, a PE ratio of -11.60 and a beta of 1.16. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.79 and a current ratio of 0.98. UGI Co. has a one year low of $20.19 and a one year high of $35.14.

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

UGI Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were issued a $0.375 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 5.88%. UGI's dividend payout ratio (DPR) is currently -68.18%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on UGI shares. Mizuho boosted their price objective on UGI from $26.00 to $27.00 and gave the stock a "neutral" rating in a report on Wednesday, April 17th. TheStreet raised shares of UGI from a "d+" rating to a "c-" rating in a research report on Wednesday, February 21st. StockNews.com lowered shares of UGI from a "buy" rating to a "hold" rating in a research report on Thursday, April 18th. Finally, Wells Fargo & Company cut UGI from an "overweight" rating to an "equal weight" rating and lifted their price objective for the company from $27.00 to $28.00 in a report on Thursday, March 14th.

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.