UGI Co. (NYSE:UGI) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund reduced its position in UGI Co. (NYSE:UGI - Free Report) by 54.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 42,863 shares of the utilities provider's stock after selling 51,765 shares during the period. Illinois Municipal Retirement Fund's holdings in UGI were worth $1,054,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of UGI. Federated Hermes Inc. raised its position in shares of UGI by 5.5% in the 4th quarter. Federated Hermes Inc. now owns 2,502,192 shares of the utilities provider's stock valued at $61,554,000 after purchasing an additional 130,010 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of UGI by 35.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,302 shares of the utilities provider's stock valued at $1,336,000 after purchasing an additional 14,300 shares during the last quarter. Mackenzie Financial Corp raised its position in shares of 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 purchasing an additional 161,800 shares during the last quarter. Phocas Financial Corp. purchased a new position in shares of UGI in the 4th quarter valued at approximately $4,270,000. Finally, Louisiana State Employees Retirement System purchased a new position in UGI during the 4th quarter worth approximately $1,446,000. 82.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

UGI Stock Performance

Shares of NYSE UGI traded down $0.35 during midday trading on Friday, reaching $25.38. 1,145,804 shares of the stock were exchanged, compared to its average volume of 2,203,714. The firm has a market cap of $5.32 billion, a price-to-earnings ratio of -11.54 and a beta of 1.16. UGI Co. has a twelve month low of $20.19 and a twelve month high of $34.26. The firm has a 50-day simple moving average of $24.56 and a two-hundred day simple moving average of $23.38. The company has a quick ratio of 0.79, a current ratio of 0.98 and a debt-to-equity ratio of 1.59.

UGI (NYSE:UGI - Get Free Report) last issued its quarterly earnings data on Wednesday, January 31st. The utilities provider reported $1.20 EPS 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 negative net margin of 5.48% and a positive return on equity of 14.09%. As a group, analysts anticipate that UGI Co. will post 2.9 EPS for the current fiscal year.

UGI Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were paid a $0.375 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.50 dividend on an annualized basis and a yield of 5.91%. UGI's dividend payout ratio is currently -68.18%.

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.