UGI Co. (NYSE:UGI) Shares Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC raised its stake in UGI Co. (NYSE:UGI) by 9.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 350,675 shares of the utilities provider’s stock after acquiring an additional 29,643 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.16% of UGI worth $9,900,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. FMR LLC grew its stake in UGI by 42.0% in the 3rd quarter. FMR LLC now owns 9,418,865 shares of the utilities provider’s stock worth $235,660,000 after acquiring an additional 2,786,878 shares during the period. Hennessy Advisors Inc. increased its stake in shares of UGI by 2,050.9% during the 4th quarter. Hennessy Advisors Inc. now owns 2,375,752 shares of the utilities provider’s stock valued at $67,067,000 after acquiring an additional 2,265,300 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of UGI by 33.8% during the 3rd quarter. Geode Capital Management LLC now owns 4,762,970 shares of the utilities provider’s stock worth $127,246,000 after acquiring an additional 1,202,938 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of UGI by 47.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,503,214 shares of the utilities provider’s stock worth $62,630,000 after acquiring an additional 808,113 shares during the last quarter. Finally, Foundry Partners LLC purchased a new stake in shares of UGI during the 3rd quarter valued at $9,600,000. 82.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Jefferies Financial Group began coverage on UGI in a report on Friday, November 22nd. They issued a “buy” rating and a $28.00 price objective on the stock.

UGI Stock Performance

Shares of UGI stock opened at $33.15 on Thursday. The company’s fifty day simple moving average is $31.71 and its 200-day simple moving average is $27.87. The company has a market cap of $7.12 billion, a PE ratio of 13.05, a P/E/G ratio of 2.26 and a beta of 1.17. UGI Co. has a 52 week low of $22.01 and a 52 week high of $34.49. The company has a current ratio of 1.00, a quick ratio of 0.82 and a debt-to-equity ratio of 1.44.

UGI (NYSE:UGI) last issued its quarterly earnings data on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.16. UGI had a net margin of 7.73% and a return on equity of 15.19%. As a group, equities research analysts anticipate that UGI Co. will post 3.02 EPS for the current year.

UGI Dividend Announcement

The firm also recently declared 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 4.52%. The ex-dividend date is Monday, March 17th. UGI’s dividend payout ratio is currently 59.06%.

Insider Activity at UGI

In related news, insider Michael Sharp purchased 4,806 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were purchased at an average cost of $33.30 per share, with a total value of $160,039.80. Following the completion of the acquisition, the insider now directly owns 4,806 shares of the company’s stock, valued at approximately $160,039.80. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.73% of the stock is currently owned by company insiders.

UGI Company Profile

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.