SBI Securities Co. Ltd. Acquires New Stake in UGI Co. (NYSE:UGI)

SBI Securities Co. Ltd. acquired a new stake in UGI Co. (NYSE:UGI) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 1,309 shares of the utilities provider’s stock, valued at approximately $37,000.

Several other institutional investors have also added to or reduced their stakes in the stock. S.A. Mason LLC acquired a new stake in UGI in the 4th quarter valued at $27,000. Golden State Wealth Management LLC acquired a new stake in UGI in the 4th quarter valued at $36,000. UMB Bank n.a. increased its stake in UGI by 67.1% in the 4th quarter. UMB Bank n.a. now owns 1,345 shares of the utilities provider’s stock valued at $38,000 after buying an additional 540 shares during the last quarter. McClarren Financial Advisors Inc. acquired a new stake in UGI in the 4th quarter valued at $48,000. Finally, Farther Finance Advisors LLC increased its stake in UGI by 189.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,073 shares of the utilities provider’s stock valued at $52,000 after buying an additional 1,358 shares during the last quarter. 82.34% of the stock is owned by institutional investors.

Insider Buying and Selling at UGI

In other UGI news, insider Michael Sharp acquired 4,806 shares of the business’s stock in a transaction on Thursday, February 27th. The stock was purchased at an average price of $33.30 per share, with a total value of $160,039.80. Following the acquisition, the insider now directly owns 4,806 shares of the company’s stock, valued at approximately $160,039.80. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.73% of the company’s stock.

UGI Stock Down 0.1 %

UGI stock opened at $32.44 on Wednesday. UGI Co. has a fifty-two week low of $22.01 and a fifty-two week high of $34.49. The firm has a market capitalization of $6.97 billion, a PE ratio of 12.77, a P/E/G ratio of 2.26 and a beta of 1.17. The company’s 50-day moving average is $31.18 and its 200-day moving average is $27.56. 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 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.16. UGI had a net margin of 7.73% and a return on equity of 15.19%. Sell-side analysts anticipate that UGI Co. will post 3.02 earnings per share for the current year.

UGI Announces Dividend

The firm also recently disclosed 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 4.62%. The ex-dividend date of this dividend is Monday, March 17th. UGI’s dividend payout ratio is currently 59.06%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on UGI shares. Mizuho upgraded shares of UGI from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $27.00 to $30.00 in a research note on Friday, November 15th. Jefferies Financial Group assumed coverage on shares of UGI in a research note on Friday, November 22nd. They set a “buy” rating and a $28.00 price objective on the 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.