Teachers Retirement System of The State of Kentucky decreased its holdings in shares of UGI Corp (NYSE:UGI) by 6.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 123,260 shares of the utilities provider’s stock after selling 8,959 shares during the quarter. Teachers Retirement System of The State of Kentucky owned approximately 0.07% of UGI worth $5,787,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in UGI. FDx Advisors Inc. acquired a new position in shares of UGI during the 3rd quarter worth $547,000. Rhumbline Advisers increased its stake in shares of UGI by 0.4% during the 3rd quarter. Rhumbline Advisers now owns 308,020 shares of the utilities provider’s stock worth $14,434,000 after purchasing an additional 1,116 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of UGI by 11.3% during the 3rd quarter. Pacer Advisors Inc. now owns 29,415 shares of the utilities provider’s stock worth $1,378,000 after purchasing an additional 2,998 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of UGI by 2.7% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 352,690 shares of the utilities provider’s stock worth $16,527,000 after purchasing an additional 9,403 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC acquired a new position in shares of UGI during the 3rd quarter worth $323,000. Institutional investors own 78.16% of the company’s stock.
Shares of UGI Corp (NYSE:UGI) opened at $43.42 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.85 and a current ratio of 0.98. The stock has a market cap of $7,600.52, a price-to-earnings ratio of 13.44, a P/E/G ratio of 2.13 and a beta of 0.62. UGI Corp has a 1-year low of $42.51 and a 1-year high of $52.00.
UGI (NYSE:UGI) last posted its quarterly earnings data on Wednesday, January 31st. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.08. The business had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $1.87 billion. UGI had a net margin of 8.71% and a return on equity of 10.88%. UGI’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.91 EPS. analysts anticipate that UGI Corp will post 2.58 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, April 1st. Investors of record on Thursday, March 15th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.30%. The ex-dividend date is Wednesday, March 14th. UGI’s dividend payout ratio is currently 30.96%.
Several research analysts have recently commented on UGI shares. Zacks Investment Research upgraded shares of UGI from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research note on Friday, December 22nd. Barclays restated a “sell” rating and set a $47.00 price target on shares of UGI in a research note on Friday, February 2nd. Finally, Bank of America restated a “buy” rating on shares of UGI in a research note on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. UGI presently has a consensus rating of “Hold” and an average target price of $48.33.
In other news, insider Roger Perreault acquired 2,270 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was acquired at an average cost of $43.97 per share, with a total value of $99,811.90. Following the acquisition, the insider now owns 21,049 shares in the company, valued at $925,524.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.36% of the stock is currently owned by corporate insiders.
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UGI Corporation is a holding company. The Company distributes, stores, transports and markets energy products and related services. It operates through six segments. The AmeriGas Propane segment consists of the propane distribution business of AmeriGas Partners, L.P. The UGI France segment consists of the French LPG distribution business of its subsidiaries, Antargaz, Finagaz and its liquefied petroleum gases (LPG) distribution businesses.
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