Koch Industries Inc. bought a new stake in shares of UGI Corp (NYSE:UGI) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 5,814 shares of the utilities provider’s stock, valued at approximately $273,000.
Several other large investors have also bought and sold shares of UGI. APG Asset Management N.V. grew its position in shares of UGI by 37.5% during the 4th quarter. APG Asset Management N.V. now owns 2,603,255 shares of the utilities provider’s stock valued at $101,784,000 after buying an additional 709,500 shares during the last quarter. BlackRock Inc. boosted its stake in UGI by 2.8% during the 4th quarter. BlackRock Inc. now owns 16,606,853 shares of the utilities provider’s stock valued at $779,691,000 after purchasing an additional 447,298 shares during the period. Reinhart Partners Inc. acquired a new position in UGI during the 4th quarter valued at about $20,733,000. Prudential Financial Inc. boosted its stake in UGI by 12.2% during the 3rd quarter. Prudential Financial Inc. now owns 2,224,667 shares of the utilities provider’s stock valued at $104,248,000 after purchasing an additional 241,470 shares during the period. Finally, Geode Capital Management LLC boosted its stake in UGI by 5.3% during the 4th quarter. Geode Capital Management LLC now owns 2,024,797 shares of the utilities provider’s stock valued at $95,022,000 after purchasing an additional 101,778 shares during the period. Institutional investors and hedge funds own 78.14% of the company’s stock.
Shares of NYSE UGI traded down $0.36 during trading hours on Friday, hitting $44.25. 843,015 shares of the stock were exchanged, compared to its average volume of 854,152. The company has a current ratio of 0.98, a quick ratio of 0.85 and a debt-to-equity ratio of 0.99. UGI Corp has a one year low of $42.51 and a one year high of $52.00. The company has a market cap of $7,681.83, a P/E ratio of 19.32, a P/E/G ratio of 2.15 and a beta of 0.56.
UGI (NYSE:UGI) last issued its quarterly earnings results on Wednesday, January 31st. The utilities provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.08. UGI had a net margin of 8.71% and a return on equity of 10.88%. The firm had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the prior year, the firm earned $0.91 EPS. The business’s revenue was up 28.1% on a year-over-year basis. equities research analysts forecast that UGI Corp will post 2.58 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Sunday, April 1st. Investors of record on Thursday, March 15th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend was Wednesday, March 14th. UGI’s dividend payout ratio (DPR) is currently 43.67%.
In related news, CEO John L. Walsh sold 25,000 shares of UGI stock in a transaction that occurred on Friday, March 16th. The shares were sold at an average price of $43.84, for a total transaction of $1,096,000.00. Following the transaction, the chief executive officer now owns 468,166 shares of the company’s stock, valued at approximately $20,524,397.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Roger Perreault acquired 2,270 shares of UGI stock in a transaction that occurred on Wednesday, February 7th. The shares were purchased at an average cost of $43.97 per share, for a total transaction of $99,811.90. Following the purchase, the insider now directly owns 21,049 shares in the company, valued at $925,524.53. The disclosure for this purchase can be found here. Company insiders own 2.36% of the company’s stock.
UGI has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of UGI from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research note on Friday, December 22nd. Barclays reissued a “sell” rating and set a $47.00 target price on shares of UGI in a research note on Friday, February 2nd. Bank of America restated a “buy” rating on shares of UGI in a report on Tuesday, February 27th. Finally, Citigroup dropped their price objective on shares of UGI from $49.00 to $48.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $47.50.
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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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