SG Americas Securities LLC boosted its stake in UGI Co. (NYSE:UGI – Get Rating) by 913.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,207 shares of the utilities provider’s stock after buying an additional 47,959 shares during the period. SG Americas Securities LLC’s holdings in UGI were worth $1,972,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the business. Simplicity Solutions LLC boosted its holdings in UGI by 4.6% in the fourth quarter. Simplicity Solutions LLC now owns 57,425 shares of the utilities provider’s stock worth $2,129,000 after purchasing an additional 2,522 shares in the last quarter. ARGI Investment Services LLC increased its holdings in shares of UGI by 14.8% during the 4th quarter. ARGI Investment Services LLC now owns 35,148 shares of the utilities provider’s stock valued at $1,303,000 after acquiring an additional 4,526 shares during the last quarter. ProShare Advisors LLC boosted its position in UGI by 56.3% during the fourth quarter. ProShare Advisors LLC now owns 1,007,623 shares of the utilities provider’s stock worth $37,353,000 after purchasing an additional 363,015 shares during the period. Dfpg Investments LLC bought a new stake in shares of UGI during the 4th quarter worth $246,000. Finally, Bank of Montreal Can grew its stake in UGI by 7.0% in the 4th quarter. Bank of Montreal Can now owns 70,134 shares of the utilities provider’s stock valued at $2,615,000 after buying an additional 4,608 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.
Analyst Upgrades and Downgrades
UGI has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price target on shares of UGI from $41.00 to $42.00 and gave the company an “equal weight” rating in a report on Tuesday, January 10th. StockNews.com assumed coverage on UGI in a research note on Thursday, March 16th. They issued a “hold” rating on the stock. TheStreet cut UGI from a “b-” rating to a “c+” rating in a report on Friday, March 10th. Finally, Barclays cut their price objective on shares of UGI from $40.00 to $37.00 in a report on Tuesday, April 18th. Two analysts have rated the stock with a sell rating and two have given a hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $40.00.
UGI Price Performance
UGI (NYSE:UGI – Get Rating) last posted its quarterly earnings data on Thursday, February 2nd. The utilities provider reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.08. UGI had a net margin of 2.12% and a return on equity of 11.76%. The company had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.81 billion. During the same period in the prior year, the business earned $0.93 earnings per share. UGI’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, analysts anticipate that UGI Co. will post 2.95 earnings per share for the current fiscal year.
UGI Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Saturday, April 1st. Investors of record on Wednesday, March 15th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 4.18%. The ex-dividend date of this dividend was Tuesday, March 14th. UGI’s dividend payout ratio is presently 163.64%.
About UGI
UGI Corp. is a holding company, which engages in the distribution and marketing of energy products and services. It operates through the following segments: AmeriGas Propane, UGI International, Midstream and Marketing, and Utilities. The AmeriGas Propane segment consists of the propane distribution business of AmeriGas Partners, L.P.
Featured Stories
- Get a free copy of the StockNews.com research report on UGI (UGI)
- Medtronic: Reversal In-Play For This High-Yield Stock
- Is it ‘Game Over’ for Roblox After Reporting March Metrics Miss?
- Is it Time to Take Profits in Chip Stocks?
- Will Stratasys Continue to be a Runaway Bride?
- Garrett Motion Inc. Skids on Results: Is it Time to Buy the Dip?
Want to see what other hedge funds are holding UGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UGI Co. (NYSE:UGI – Get Rating).
Receive News & Ratings for UGI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UGI and related companies with MarketBeat.com's FREE daily email newsletter.
