Swiss National Bank Reduces Position in UGI Co. (NYSE:UGI)

Swiss National Bank decreased its position in shares of UGI Co. (NYSE:UGI - Free Report) by 10.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 412,900 shares of the utilities provider's stock after selling 46,800 shares during the period. Swiss National Bank owned about 0.20% of UGI worth $10,157,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Stolper Co bought a new position in shares of UGI in the fourth quarter valued at about $1,927,000. Comerica Bank increased its stake in shares of 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 stake in shares of UGI by 247.8% during the fourth quarter. Occidental Asset Management LLC now owns 58,309 shares of the utilities provider's stock valued at $1,434,000 after acquiring an additional 41,546 shares during the period. Vanguard Group Inc. boosted its holdings in UGI by 3.1% in the third quarter. Vanguard Group Inc. now owns 26,271,972 shares of the utilities provider's stock valued at $604,255,000 after acquiring an additional 781,929 shares during the last quarter. Finally, Algert Global LLC boosted its stake in shares of UGI by 644.3% in the 3rd quarter. Algert Global LLC now owns 209,661 shares of the utilities provider's stock valued at $4,822,000 after purchasing an additional 181,491 shares during the last quarter. Institutional investors own 82.34% of the company's stock.

UGI Stock Down 1.0 %

NYSE UGI traded down $0.25 on Monday, reaching $24.66. The company had a trading volume of 1,533,988 shares, compared to its average volume of 2,117,482. The company's fifty day moving average is $24.68 and its 200-day moving average is $23.64. The firm has a market capitalization of $5.17 billion, a price-to-earnings ratio of -60.15 and a beta of 1.13. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.01 and a current ratio of 1.21. UGI Co. has a 1-year low of $20.19 and a 1-year high of $29.76.

UGI (NYSE:UGI - Get Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.32. The company had revenue of $2.47 billion during the quarter, compared to analysts' expectations of $3.07 billion. UGI had a positive return on equity of 15.78% and a negative net margin of 0.89%. UGI's revenue for the quarter was down 20.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.68 earnings per share. On average, research analysts forecast that UGI Co. will post 2.91 earnings per share for the current fiscal year.

UGI Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.50 annualized dividend and a yield of 6.08%. UGI's dividend payout ratio (DPR) is presently -365.85%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Mizuho increased their price target on UGI from $26.00 to $27.00 and gave the company a "neutral" rating in a research note on Wednesday, April 17th. Wells Fargo & Company reduced their price target 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. StockNews.com raised UGI from a "hold" rating to a "buy" rating in a research note on Friday, May 3rd. Finally, TheStreet raised UGI from a "d+" rating to a "c-" rating in a research report on Wednesday, February 21st.

About UGI

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.