UGI Co. (NYSE:UGI) Shares Sold by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB trimmed its holdings in shares of UGI Co. (NYSE:UGI) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,738 shares of the utilities provider’s stock after selling 382 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in UGI were worth $303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Citigroup Inc. increased its holdings in shares of UGI by 33.0% during the third quarter. Citigroup Inc. now owns 203,313 shares of the utilities provider’s stock valued at $5,087,000 after acquiring an additional 50,485 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of UGI by 2,402.0% during the third quarter. International Assets Investment Management LLC now owns 26,046 shares of the utilities provider’s stock worth $652,000 after buying an additional 25,005 shares during the period. FMR LLC grew its holdings in shares of UGI by 42.0% during the third quarter. FMR LLC now owns 9,418,865 shares of the utilities provider’s stock valued at $235,660,000 after buying an additional 2,786,878 shares during the last quarter. JPMorgan Chase & Co. lifted its position in UGI by 35.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,227,732 shares of the utilities provider’s stock worth $30,718,000 after acquiring an additional 318,655 shares during the period. Finally, Commerce Bank purchased a new stake in UGI during the 3rd quarter valued at about $645,000. 82.34% of the stock is owned by institutional investors and hedge funds.

UGI Stock Performance

NYSE UGI opened at $32.12 on Wednesday. The stock has a market capitalization of $6.90 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 2.22 and a beta of 1.21. The stock has a 50-day moving average of $29.15 and a 200 day moving average of $26.28. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.48. UGI Co. has a twelve month low of $22.01 and a twelve month high of $32.63.

UGI (NYSE:UGI) last announced 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 return on equity of 15.21% and a net margin of 7.73%. Sell-side analysts anticipate that UGI Co. will post 3 EPS for the current fiscal year.

UGI Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be given a dividend of $0.375 per share. The ex-dividend date is Monday, March 17th. This represents a $1.50 annualized dividend and a dividend yield of 4.67%. UGI’s dividend payout ratio (DPR) is presently 59.06%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Wells Fargo & Company upped their target price on UGI from $26.00 to $27.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Jefferies Financial Group initiated coverage on UGI in a research report on Friday, November 22nd. They set a “buy” rating and a $28.00 price target on the stock. Finally, Mizuho upgraded UGI from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $27.00 to $30.00 in a research note on Friday, November 15th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, UGI presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.33.

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.