UGI Co. (NYSE:UGI) Shares Purchased by Advisors Asset Management Inc.

Advisors Asset Management Inc. raised its position in shares of UGI Co. (NYSE:UGI) by 4.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 490,950 shares of the utilities provider’s stock after purchasing an additional 21,249 shares during the quarter. Advisors Asset Management Inc.’s holdings in UGI were worth $13,860,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. US Bancorp DE grew its holdings in UGI by 3.7% in the 4th quarter. US Bancorp DE now owns 10,826 shares of the utilities provider’s stock worth $306,000 after buying an additional 388 shares in the last quarter. Hourglass Capital LLC grew its holdings in UGI by 0.6% in the 4th quarter. Hourglass Capital LLC now owns 82,520 shares of the utilities provider’s stock worth $2,330,000 after buying an additional 470 shares in the last quarter. Wright Investors Service Inc. grew its holdings in UGI by 1.3% in the 4th quarter. Wright Investors Service Inc. now owns 37,206 shares of the utilities provider’s stock worth $1,050,000 after buying an additional 484 shares in the last quarter. MetLife Investment Management LLC grew its holdings in UGI by 0.4% in the 3rd quarter. MetLife Investment Management LLC now owns 110,875 shares of the utilities provider’s stock worth $2,774,000 after buying an additional 489 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in UGI by 15.1% during the 4th quarter. Venturi Wealth Management LLC now owns 3,749 shares of the utilities provider’s stock valued at $106,000 after purchasing an additional 491 shares in the last quarter. Institutional investors and hedge funds own 82.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group initiated coverage on UGI in a research note on Friday, November 22nd. They set a “buy” rating and a $28.00 price target for the company.

Insider Transactions at UGI

In related news, insider Michael Sharp acquired 4,806 shares of UGI stock in a transaction dated Thursday, February 27th. The stock was acquired at an average cost of $33.30 per share, with a total value of $160,039.80. Following the purchase, the insider now directly owns 4,806 shares in the company, valued at $160,039.80. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.73% of the company’s stock.

UGI Stock Performance

Shares of NYSE UGI opened at $33.03 on Tuesday. The stock has a fifty day moving average price of $31.53 and a two-hundred day moving average price of $27.78. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.82 and a current ratio of 1.00. The firm has a market cap of $7.09 billion, a P/E ratio of 13.00, a PEG ratio of 2.26 and a beta of 1.17. UGI Co. has a 1 year low of $22.01 and a 1 year high of $34.49.

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

UGI Announces Dividend

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

UGI 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.