LSV Asset Management lessened its stake in UGI Co. (NYSE:UGI - Free Report) by 14.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,909,750 shares of the utilities provider's stock after selling 492,430 shares during the period. LSV Asset Management owned about 1.39% of UGI worth $71,580,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Treasurer of the State of North Carolina grew its holdings in shares of UGI by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 91,762 shares of the utilities provider's stock worth $2,111,000 after purchasing an additional 470 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in UGI by 2.5% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 21,623 shares of the utilities provider's stock worth $497,000 after buying an additional 526 shares during the last quarter. Jacobi Capital Management LLC increased its position in UGI by 1.9% during the third quarter. Jacobi Capital Management LLC now owns 33,036 shares of the utilities provider's stock worth $760,000 after buying an additional 621 shares during the period. Fulton Bank N.A. lifted its stake in UGI by 3.6% in the fourth quarter. Fulton Bank N.A. now owns 18,171 shares of the utilities provider's stock valued at $447,000 after buying an additional 634 shares during the last quarter. Finally, Yousif Capital Management LLC boosted its holdings in shares of UGI by 0.7% in the fourth quarter. Yousif Capital Management LLC now owns 103,131 shares of the utilities provider's stock valued at $2,537,000 after acquiring an additional 678 shares during the period. Hedge funds and other institutional investors own 82.34% of the company's stock.
UGI Stock Performance
UGI traded up $0.07 during trading on Friday, hitting $24.30. The stock had a trading volume of 4,504,509 shares, compared to its average volume of 2,432,477. UGI Co. has a twelve month low of $20.19 and a twelve month high of $32.50. The firm has a market capitalization of $5.09 billion, a P/E ratio of -59.27 and a beta of 1.13. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.79 and a current ratio of 0.98. The company's 50-day moving average price is $24.63 and its 200 day moving average price is $23.50.
UGI (NYSE:UGI - Get Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $1.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.65 by $0.32. UGI had a negative net margin of 0.89% and a positive return on equity of 16.18%. The business had revenue of $2.47 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same period in the previous year, the business posted $1.68 earnings per share. The business's revenue was down 20.6% compared to the same quarter last year. On average, equities research analysts forecast that UGI Co. will post 2.91 EPS for the current fiscal year.
UGI Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 6.17%. The ex-dividend date is Friday, June 14th. UGI's payout ratio is -365.84%.
Analyst Upgrades and Downgrades
Several analysts recently commented on UGI shares. StockNews.com upgraded shares of UGI from a "hold" rating to a "buy" rating in a research report on Friday. Wells Fargo & Company decreased their target price on shares of UGI from $28.00 to $27.00 and set an "equal weight" rating for the company in a research note on Friday. Mizuho boosted their price target on UGI from $26.00 to $27.00 and gave the company a "neutral" rating in a research report on Wednesday, April 17th. Finally, TheStreet raised UGI from a "d+" rating to a "c-" rating in a research note on Wednesday, February 21st.
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.
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