Private Advisor Group LLC Has $270,000 Position in UGI Co. (NYSE:UGI)

Private Advisor Group LLC reduced its position in shares of UGI Co. (NYSE:UGI) by 20.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,578 shares of the utilities provider’s stock after selling 2,439 shares during the period. Private Advisor Group LLC’s holdings in UGI were worth $270,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in UGI. S.A. Mason LLC bought a new position in shares of UGI in the 4th quarter valued at $27,000. Golden State Wealth Management LLC acquired a new stake in UGI in the fourth quarter valued at about $36,000. UMB Bank n.a. grew its position in UGI by 67.1% in the fourth quarter. UMB Bank n.a. now owns 1,345 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 540 shares during the last quarter. McClarren Financial Advisors Inc. acquired a new position in UGI during the fourth quarter worth about $48,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of UGI by 189.9% in the third quarter. Farther Finance Advisors LLC now owns 2,073 shares of the utilities provider’s stock worth $52,000 after acquiring an additional 1,358 shares during the last quarter. 82.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on UGI. Mizuho upgraded shares of UGI from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $27.00 to $30.00 in a research report on Friday, November 15th. Jefferies Financial Group initiated coverage on shares of UGI in a report on Friday, November 22nd. They set a “buy” rating and a $28.00 price target for the company.

UGI Stock Performance

UGI stock opened at $33.12 on Thursday. The business has a 50 day moving average of $30.82 and a 200-day moving average of $27.31. The company has a market capitalization of $7.11 billion, a P/E ratio of 13.04, a P/E/G ratio of 2.26 and a beta of 1.21. UGI Co. has a 1 year low of $22.01 and a 1 year high of $34.49. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.00 and a quick ratio of 0.82.

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

UGI Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 4.53%. The ex-dividend date is Monday, March 17th. UGI’s payout ratio is presently 59.06%.

Insiders Place Their Bets

In other news, insider Michael Sharp purchased 4,806 shares of the stock in a transaction on Thursday, February 27th. The stock was purchased at an average price of $33.30 per share, for a total transaction of $160,039.80. Following the acquisition, the insider now owns 4,806 shares in the company, valued at $160,039.80. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.73% of the company’s stock.

About UGI

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.