Oregon Public Employees Retirement Fund boosted its position in UGI Corp (NYSE:UGI) by 2.3% in the 1st quarter, HoldingsChannel.com reports. The firm owned 69,609 shares of the utilities provider’s stock after buying an additional 1,554 shares during the period. Oregon Public Employees Retirement Fund’s holdings in UGI were worth $3,858,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc lifted its position in shares of UGI by 1.3% during the 3rd quarter. Vanguard Group Inc now owns 17,941,400 shares of the utilities provider’s stock valued at $995,389,000 after acquiring an additional 232,308 shares during the period. BlackRock Inc. lifted its position in shares of UGI by 1.8% during the 4th quarter. BlackRock Inc. now owns 17,414,409 shares of the utilities provider’s stock valued at $929,060,000 after acquiring an additional 304,579 shares during the period. Deutsche Bank AG lifted its position in shares of UGI by 2.6% during the 4th quarter. Deutsche Bank AG now owns 7,223,884 shares of the utilities provider’s stock valued at $385,390,000 after acquiring an additional 182,204 shares during the period. APG Asset Management N.V. lifted its position in shares of UGI by 195.6% during the 4th quarter. APG Asset Management N.V. now owns 2,555,155 shares of the utilities provider’s stock valued at $119,247,000 after acquiring an additional 1,690,800 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of UGI by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 2,278,576 shares of the utilities provider’s stock valued at $121,505,000 after acquiring an additional 41,440 shares during the period. Institutional investors and hedge funds own 81.56% of the company’s stock.
Several analysts recently weighed in on UGI shares. ValuEngine upgraded UGI from a “hold” rating to a “buy” rating in a research report on Saturday, February 2nd. UBS Group raised UGI from a “neutral” rating to a “buy” rating and set a $63.00 target price for the company in a report on Monday, February 25th. Bank of America raised UGI from a “neutral” rating to a “buy” rating and set a $58.00 target price for the company in a report on Wednesday, April 3rd. They noted that the move was a valuation call. Barclays reaffirmed a “sell” rating and issued a $51.00 target price on shares of UGI in a report on Thursday, April 4th. Finally, Jefferies Financial Group raised UGI from a “hold” rating to a “buy” rating and upped their target price for the stock from $54.00 to $60.00 in a report on Friday, April 5th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $58.00.
Shares of UGI stock opened at $53.47 on Wednesday. The stock has a market capitalization of $9.39 billion, a PE ratio of 19.51, a P/E/G ratio of 2.72 and a beta of 0.60. The company has a quick ratio of 1.10, a current ratio of 1.23 and a debt-to-equity ratio of 0.99. UGI Corp has a 1-year low of $48.17 and a 1-year high of $59.31.
UGI (NYSE:UGI) last issued its quarterly earnings results on Monday, May 6th. The utilities provider reported $1.43 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.13). UGI had a net margin of 5.14% and a return on equity of 10.31%. The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.59 billion. As a group, research analysts predict that UGI Corp will post 2.48 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be paid a dividend of $0.30 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.20 annualized dividend and a yield of 2.24%. This is a boost from UGI’s previous quarterly dividend of $0.26. UGI’s dividend payout ratio (DPR) is currently 37.96%.
In related news, CEO John L. Walsh sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $54.19, for a total transaction of $2,709,500.00. Following the completion of the sale, the chief executive officer now owns 502,226 shares of the company’s stock, valued at $27,215,626.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frank S. Hermance bought 100,000 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were acquired at an average cost of $54.10 per share, with a total value of $5,410,000.00. Following the purchase, the director now directly owns 250,000 shares of the company’s stock, valued at $13,525,000. The disclosure for this purchase can be found here. Company insiders own 2.40% of the company’s stock.
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UGI Corporation 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 1.7 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,900 propane distribution locations; and sells, installs, and services propane appliances, including heating systems and propane-powered generators.
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