UGI Co. (NYSE:UGI) Stake Lessened by Securian Asset Management Inc.

Securian Asset Management Inc. lessened its holdings in UGI Co. (NYSE:UGI) by 2.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,230 shares of the utilities provider’s stock after selling 389 shares during the period. Securian Asset Management Inc.’s holdings in UGI were worth $458,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of UGI. S.A. Mason LLC acquired a new stake in UGI during the 4th quarter worth about $27,000. Golden State Wealth Management LLC acquired a new position in shares of UGI in the 4th quarter valued at about $36,000. Vision Financial Markets LLC purchased a new stake in shares of UGI in the fourth quarter worth approximately $36,000. SBI Securities Co. Ltd. acquired a new stake in shares of UGI during the fourth quarter worth approximately $37,000. Finally, UMB Bank n.a. grew its position in UGI by 67.1% during the fourth quarter. UMB Bank n.a. now owns 1,345 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 540 shares in the last quarter. Hedge funds and other institutional investors own 82.34% of the company’s stock.

Analysts Set New Price Targets

Separately, Jefferies Financial Group started coverage on shares of UGI in a research report on Friday, November 22nd. They issued a “buy” rating and a $28.00 target price for the company.

UGI Stock Down 0.3 %

UGI opened at $33.03 on Tuesday. The company has a market capitalization of $7.09 billion, a PE ratio of 13.00, a price-to-earnings-growth ratio of 2.26 and a beta of 1.17. The business has a 50-day moving average of $31.53 and a 200-day moving average of $27.78. UGI Co. has a fifty-two week low of $22.01 and a fifty-two week high of $34.49. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.00 and a quick ratio of 0.82.

UGI (NYSE:UGI) last posted its earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.16. UGI had a net margin of 7.73% and a return on equity of 15.19%. Equities research analysts forecast that UGI Co. will post 3.02 EPS for the current fiscal year.

UGI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date of this dividend is Monday, March 17th. UGI’s dividend payout ratio is presently 59.06%.

Insiders Place Their Bets

In related news, insider Michael Sharp purchased 4,806 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was bought at an average price of $33.30 per share, for a total transaction of $160,039.80. Following the purchase, the insider now owns 4,806 shares in the company, valued at $160,039.80. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.73% of the company’s stock.

About UGI

UGI Corporation, together with its subsidiaries, 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 1.3 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,400 propane distribution locations.