Aperio Group LLC increased its position in UGI Corp (NYSE:UGI) by 40.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 87,812 shares of the utilities provider’s stock after buying an additional 25,160 shares during the period. Aperio Group LLC owned about 0.05% of UGI worth $4,123,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Comerica Bank raised its position in shares of UGI by 10.1% during the 4th quarter. Comerica Bank now owns 246,912 shares of the utilities provider’s stock valued at $11,513,000 after buying an additional 22,736 shares in the last quarter. Quantitative Systematic Strategies LLC purchased a new stake in shares of UGI during the 4th quarter valued at about $311,000. Parametrica Management Ltd purchased a new stake in shares of UGI during the 4th quarter valued at about $337,000. Wedge Capital Management L L P NC raised its position in shares of UGI by 3.2% during the 4th quarter. Wedge Capital Management L L P NC now owns 1,877,522 shares of the utilities provider’s stock valued at $88,150,000 after buying an additional 58,173 shares in the last quarter. Finally, FTB Advisors Inc. raised its position in UGI by 10.8% in the 4th quarter. FTB Advisors Inc. now owns 53,644 shares of the utilities provider’s stock worth $2,529,000 after purchasing an additional 5,219 shares during the period. 77.44% of the stock is owned by institutional investors and hedge funds.
Shares of UGI Corp (NYSE UGI) traded up $0.98 during trading hours on Friday, hitting $44.15. 469,011 shares of the stock were exchanged, compared to its average volume of 962,524. The stock has a market capitalization of $7,469.03, a price-to-earnings ratio of 18.06 and a beta of 0.58. UGI Corp has a fifty-two week low of $42.51 and a fifty-two week high of $52.00. 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 (NYSE:UGI) last issued its earnings results on Wednesday, January 31st. The utilities provider reported $1.01 EPS for the quarter, topping the Zacks’ 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 business had revenue of $2.15 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the company posted $0.91 earnings per share. The company’s quarterly revenue was up 28.1% compared to the same quarter last year. sell-side analysts expect that UGI Corp will post 2.62 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, April 1st. Stockholders of record on Thursday, March 15th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.27%. UGI’s dividend payout ratio is presently 30.96%.
In other UGI news, insider Roger Perreault acquired 2,270 shares of the company’s stock in a transaction dated 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 completion of the purchase, the insider now owns 21,049 shares in the company, valued at $925,524.53. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.36% of the stock is currently owned by company insiders.
A number of research firms recently weighed in on UGI. Barclays reduced their price objective on shares of UGI from $48.00 to $47.00 and set an “underweight” rating on the stock in a research report on Friday, November 10th. Zacks Investment Research raised shares of UGI from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st.
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UGI Company Profile
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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