UGI Co. (NYSE:UGI) Shares Sold by Teacher Retirement System of Texas

Posted by Defense World Staff on Jun 12th, 2023

Teacher Retirement System of Texas trimmed its holdings in shares of UGI Co. (NYSE:UGI – Get Rating) by 23.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,121 shares of the utilities provider’s stock after selling 6,973 shares during the period. Teacher Retirement System of Texas’ holdings in UGI were worth $857,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UGI. AdvisorNet Financial Inc lifted its position in shares of UGI by 71.0% in the fourth quarter. AdvisorNet Financial Inc now owns 730 shares of the utilities provider’s stock worth $27,000 after buying an additional 303 shares during the last quarter. Concord Wealth Partners bought a new position in shares of UGI in the 4th quarter worth $48,000. Concourse Financial Group Securities Inc. grew its position in shares of UGI by 31.4% in the 4th quarter. Concourse Financial Group Securities Inc. now owns 1,488 shares of the utilities provider’s stock valued at $56,000 after purchasing an additional 356 shares during the period. Spire Wealth Management raised its holdings in shares of UGI by 154.6% in the fourth quarter. Spire Wealth Management now owns 1,647 shares of the utilities provider’s stock valued at $61,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its stake in shares of UGI by 30.0% during the 3rd quarter. Quadrant Capital Group LLC now owns 1,944 shares of the utilities provider’s stock worth $63,000 after purchasing an additional 449 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on UGI. Mizuho began coverage on shares of UGI in a research note on Wednesday, April 26th. They set a “neutral” rating and a $38.00 price target for the company. StockNews.com initiated coverage on UGI in a research report on Thursday, May 18th. They set a “hold” rating for the company. Barclays decreased their price objective on shares of UGI from $40.00 to $37.00 in a report on Tuesday, April 18th. Finally, TheStreet cut shares of UGI from a “b-” rating to a “c+” rating in a research report on Friday, March 10th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. Based on data from MarketBeat.com, UGI has a consensus rating of “Hold” and a consensus price target of $39.50.

UGI Price Performance

Shares of NYSE UGI opened at $29.38 on Monday. UGI Co. has a 52 week low of $27.00 and a 52 week high of $43.75. The company’s 50-day moving average price is $31.23 and its 200 day moving average price is $35.60. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.02.

UGI (NYSE:UGI – Get Rating) last announced its quarterly earnings data on Wednesday, May 3rd. The utilities provider reported $1.68 EPS for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.16). The company had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $3.10 billion. UGI had a negative net margin of 6.17% and a positive return on equity of 11.38%. The business’s revenue for the quarter was down 10.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.91 earnings per share. As a group, sell-side analysts expect that UGI Co. will post 2.79 EPS for the current fiscal year.

UGI Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, July 1st. Shareholders of record on Thursday, June 15th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 5.11%. The ex-dividend date of this dividend is Wednesday, June 14th. This is an increase from UGI’s previous quarterly dividend of $0.36. UGI’s payout ratio is -49.15%.

Insider Buying and Selling at UGI

In other news, CEO Roger Perreault bought 3,565 shares of UGI stock in a transaction dated Wednesday, May 24th. The stock was bought at an average cost of $27.98 per share, for a total transaction of $99,748.70. Following the purchase, the chief executive officer now directly owns 41,125 shares in the company, valued at approximately $1,150,677.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.30% of the company’s stock.

UGI Company Profile

(Get Rating)

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.