Flagship Wealth Advisors LLC Invests $30,000 in UGI Co. (NYSE:UGI)

Flagship Wealth Advisors LLC purchased a new position in shares of UGI Co. (NYSE:UGI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,049 shares of the utilities provider’s stock, valued at approximately $30,000.

Other large investors have also modified their holdings of the company. Citigroup Inc. grew its stake in shares of UGI by 33.0% during the third quarter. Citigroup Inc. now owns 203,313 shares of the utilities provider’s stock worth $5,087,000 after acquiring an additional 50,485 shares during the last quarter. FMR LLC grew its stake 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 worth $235,660,000 after acquiring an additional 2,786,878 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of UGI by 35.1% during the third 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 last quarter. Commerce Bank purchased a new stake in shares of UGI during the third quarter worth about $645,000. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of UGI by 254.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 181,687 shares of the utilities provider’s stock worth $5,138,000 after acquiring an additional 130,407 shares during the last quarter. Hedge funds and other institutional investors own 82.34% of the company’s stock.

Insider Buying and Selling at UGI

In related news, insider Michael Sharp purchased 4,806 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was bought 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 owns 4,806 shares of the company’s stock, valued at $160,039.80. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.73% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

UGI Price Performance

Shares of NYSE UGI opened at $32.92 on Wednesday. The business’s 50 day moving average price is $31.62 and its 200 day moving average price is $27.84. The firm has a market cap of $7.07 billion, a P/E ratio of 12.96, 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 quick ratio of 0.82, a current ratio of 1.00 and a debt-to-equity ratio of 1.44.

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

UGI Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders 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 4.56%. The ex-dividend date is Monday, March 17th. UGI’s payout ratio is presently 59.06%.

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.