Two Sigma Investments LP grew its holdings in UGI Corp (NYSE:UGI) by 823.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 423,949 shares of the utilities provider’s stock after acquiring an additional 378,061 shares during the period. Two Sigma Investments LP owned about 0.25% of UGI worth $19,904,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently modified their holdings of UGI. BlackRock Inc. raised its holdings in UGI by 2.8% during the fourth quarter. BlackRock Inc. now owns 16,606,853 shares of the utilities provider’s stock worth $779,691,000 after purchasing an additional 447,298 shares in the last quarter. Deutsche Bank AG raised its holdings in UGI by 0.7% during the fourth quarter. Deutsche Bank AG now owns 7,509,700 shares of the utilities provider’s stock worth $352,576,000 after purchasing an additional 48,720 shares in the last quarter. APG Asset Management N.V. grew its position in UGI by 37.5% during the fourth quarter. APG Asset Management N.V. now owns 2,603,255 shares of the utilities provider’s stock worth $101,784,000 after buying an additional 709,500 shares during the period. Prudential Financial Inc. grew its position in UGI by 12.2% during the third quarter. Prudential Financial Inc. now owns 2,224,667 shares of the utilities provider’s stock worth $104,248,000 after buying an additional 241,470 shares during the period. Finally, Geode Capital Management LLC grew its position in UGI by 5.3% during the fourth quarter. Geode Capital Management LLC now owns 2,024,797 shares of the utilities provider’s stock worth $95,022,000 after buying an additional 101,778 shares during the period. Hedge funds and other institutional investors own 78.14% of the company’s stock.
UGI stock traded down $0.36 during mid-day trading on Friday, hitting $44.25. 843,015 shares of the company were exchanged, compared to its average volume of 728,090. UGI Corp has a twelve month low of $42.51 and a twelve 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 firm has a market cap of $7,718.17, a P/E ratio of 19.32, a P/E/G ratio of 2.16 and a beta of 0.56.
UGI (NYSE:UGI) last issued its quarterly earnings data on Wednesday, January 31st. The utilities provider reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 for the quarter, compared to the consensus estimate of $1.87 billion. During the same period last year, the firm posted $0.91 EPS. UGI’s quarterly revenue was up 28.1% compared to the same quarter last year. sell-side analysts expect that UGI Corp will post 2.58 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Sunday, April 1st. Investors of record on Thursday, March 15th were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.26%. UGI’s payout ratio is currently 43.67%.
In other 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 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 $20,524,397.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Roger Perreault bought 2,270 shares of UGI stock in a transaction on Wednesday, February 7th. The stock was acquired at an average price of $43.97 per share, with a total value of $99,811.90. Following the completion of the purchase, the insider now directly owns 21,049 shares of the company’s stock, valued at $925,524.53. The disclosure for this purchase can be found here. 2.36% of the stock is owned by insiders.
Several analysts have recently commented on the stock. Zacks Investment Research upgraded shares of UGI from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research report on Saturday, January 13th. 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 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. 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 given a hold rating and one has assigned a buy rating to the company’s stock. UGI currently has a consensus rating of “Hold” and an average 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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