Teachers Retirement System of The State of Kentucky cut its holdings in shares of UGI Corp (NYSE:UGI) by 6.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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 0.07% of UGI worth $5,787,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in UGI. Cerebellum GP LLC acquired a new stake in UGI during the 4th quarter worth about $123,000. Tower Research Capital LLC TRC boosted its position in UGI by 133.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,656 shares of the utilities provider’s stock worth $172,000 after acquiring an additional 2,090 shares during the period. Kistler Tiffany Companies LLC boosted its position in UGI by 41.6% during the 4th quarter. Kistler Tiffany Companies LLC now owns 4,224 shares of the utilities provider’s stock worth $198,000 after acquiring an additional 1,242 shares during the period. Unio Capital LLC acquired a new stake in UGI during the 4th quarter worth about $216,000. Finally, Acropolis Investment Management LLC acquired a new stake in UGI during the 4th quarter worth about $248,000. Hedge funds and other institutional investors own 78.14% of the company’s stock.
Shares of UGI traded down $0.36 during midday trading on Friday, reaching $44.25. 843,015 shares of the stock were exchanged, compared to its average volume of 728,090. UGI Corp has a 12-month low of $42.51 and a 12-month high of $52.00. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.98 and a quick ratio of 0.85. The company has a market capitalization of $7,718.17, a PE ratio of 19.32, a price-to-earnings-growth ratio of 2.16 and a beta of 0.56.
UGI (NYSE:UGI) last posted its quarterly earnings results on Wednesday, January 31st. The utilities provider reported $1.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.08. UGI had a return on equity of 10.88% and a net margin of 8.71%. The company had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same period last year, the business earned $0.91 EPS. The business’s quarterly revenue was up 28.1% on a year-over-year basis. equities research analysts expect that UGI Corp will post 2.58 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Sunday, April 1st. Investors of record on Thursday, March 15th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date was Wednesday, March 14th. UGI’s payout ratio is 43.67%.
In related news, CEO John L. Walsh sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $43.84, for a total value of $1,096,000.00. Following the transaction, the chief executive officer now directly owns 468,166 shares of the company’s stock, valued at approximately $20,524,397.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Roger Perreault acquired 2,270 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was bought at an average cost of $43.97 per share, for a total transaction of $99,811.90. Following the completion of the purchase, the insider now directly owns 21,049 shares in the company, valued at approximately $925,524.53. The disclosure for this purchase can be found here. 2.36% of the stock is currently owned by company insiders.
A number of equities research analysts have recently weighed in on UGI shares. Zacks Investment Research raised UGI from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research note on Saturday, March 31st. Bank of America reaffirmed a “buy” rating on shares of UGI in a research note on Tuesday, February 27th. Citigroup cut their price target on UGI from $49.00 to $48.00 and set a “neutral” rating for the company in a research note on Tuesday, March 27th. Finally, Barclays reaffirmed a “sell” rating and set a $47.00 price target on shares of UGI in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price 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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