Jump Financial LLC grew its position in UGI Co. (NYSE:UGI - Free Report) by 62.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 356,432 shares of the utilities provider's stock after buying an additional 137,114 shares during the quarter. Jump Financial LLC owned approximately 0.17% of UGI worth $8,768,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in UGI. Stolper Co purchased a new position in UGI during the 4th quarter valued at about $1,927,000. Comerica Bank increased its stake in UGI by 316.5% in the 3rd quarter. Comerica Bank now owns 179,049 shares of the utilities provider's stock valued at $4,118,000 after buying an additional 136,058 shares during the period. Occidental Asset Management LLC lifted its position in UGI by 247.8% in the 4th quarter. Occidental Asset Management LLC now owns 58,309 shares of the utilities provider's stock worth $1,434,000 after buying an additional 41,546 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of UGI by 3.1% during the 3rd quarter. Vanguard Group Inc. now owns 26,271,972 shares of the utilities provider's stock valued at $604,255,000 after buying an additional 781,929 shares during the period. Finally, Algert Global LLC grew its holdings in shares of UGI by 644.3% during the 3rd quarter. Algert Global LLC now owns 209,661 shares of the utilities provider's stock valued at $4,822,000 after acquiring an additional 181,491 shares in the last quarter. 82.34% of the stock is owned by hedge funds and other institutional investors.
UGI Stock Down 0.0 %
Shares of NYSE:UGI traded down $0.01 on Friday, reaching $24.91. The company had a trading volume of 1,171,540 shares, compared to its average volume of 2,727,924. The company has a quick ratio of 1.01, a current ratio of 1.21 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $5.22 billion, a P/E ratio of -60.75 and a beta of 1.13. The stock has a 50-day moving average price of $24.68 and a 200 day moving average price of $23.62. UGI Co. has a twelve month low of $20.19 and a twelve month high of $29.76.
UGI (NYSE:UGI - Get Free Report) last announced its 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 positive return on equity of 15.78% and a negative net margin of 0.89%. The firm had revenue of $2.47 billion during the quarter, compared to analysts' expectations of $3.07 billion. During the same quarter in the prior year, the business earned $1.68 earnings per share. The company's revenue was down 20.6% on a year-over-year basis. On average, equities analysts expect that UGI Co. will post 2.91 EPS for the current year.
UGI Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.50 annualized dividend and a yield of 6.02%. UGI's dividend payout ratio (DPR) is presently -365.84%.
Analyst Ratings Changes
A number of brokerages have commented on UGI. StockNews.com upgraded UGI from a "hold" rating to a "buy" rating in a research note on Friday, May 3rd. TheStreet raised UGI from a "d+" rating to a "c-" rating in a research note on Wednesday, February 21st. Wells Fargo & Company cut their price objective on shares of UGI from $28.00 to $27.00 and set an "equal weight" rating on the stock in a research report on Friday, May 3rd. Finally, Mizuho boosted their target price 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.
Read Our Latest 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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