ProShare Advisors LLC Has $38.31 Million Stock Holdings in UGI Co. (NYSE:UGI)

ProShare Advisors LLC increased its position in UGI Co. (NYSE:UGI - Free Report) by 3.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,356,926 shares of the utilities provider's stock after purchasing an additional 38,958 shares during the period. ProShare Advisors LLC owned 0.63% of UGI worth $38,306,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Altshuler Shaham Ltd acquired a new position in UGI in the fourth quarter worth about $25,000. Bessemer Group Inc. boosted its stake in UGI by 216.7% in the fourth quarter. Bessemer Group Inc. now owns 893 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 611 shares during the period. S.A. Mason LLC acquired a new position in UGI in the fourth quarter valued at approximately $27,000. GeoWealth Management LLC acquired a new position in UGI in the fourth quarter valued at approximately $27,000. Finally, Flagship Wealth Advisors LLC acquired a new position in UGI in the fourth quarter valued at approximately $30,000. 82.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. StockNews.com upgraded UGI from a "hold" rating to a "buy" rating in a research note on Thursday. Mizuho lifted their target price on UGI from $38.00 to $39.00 and gave the company an "outperform" rating in a research note on Thursday.

UGI Price Performance

Shares of NYSE UGI traded up $0.42 during trading on Monday, hitting $35.90. The company had a trading volume of 1,539,358 shares, compared to its average volume of 2,231,844. UGI Co. has a 52 week low of $22.01 and a 52 week high of $35.99. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.82 and a current ratio of 1.00. The company has a market cap of $7.70 billion, a P/E ratio of 14.13, a PEG ratio of 2.26 and a beta of 1.05. The business's 50-day moving average is $32.87 and its 200 day moving average is $30.47.

UGI (NYSE:UGI - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The utilities provider reported $2.21 EPS for the quarter, beating the consensus estimate of $1.80 by $0.41. UGI had a net margin of 7.73% and a return on equity of 15.19%. The business had revenue of $2.67 billion for the quarter, compared to analysts' expectations of $3.26 billion. During the same period in the previous year, the company posted $1.97 EPS. UGI's revenue was up 8.1% on a year-over-year basis. Equities research analysts predict that UGI Co. will post 3.02 earnings per share for the current fiscal year.

UGI Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 16th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 4.18%. The ex-dividend date of this dividend is Monday, June 16th. UGI's dividend payout ratio is currently 61.73%.

Insider Buying and Selling

In other UGI news, insider Michael Sharp acquired 4,806 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The stock was purchased at an average cost of $33.30 per share, for a total transaction of $160,039.80. Following the completion of the acquisition, the insider now owns 4,806 shares of the company's stock, valued at approximately $160,039.80. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.73% of the stock is currently owned by corporate insiders.

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.