Jones Financial Companies Lllp Purchases 858 Shares of UGI Co. (NYSE:UGI)

Jones Financial Companies Lllp grew its position in UGI Co. (NYSE:UGI) by 45.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,732 shares of the utilities provider’s stock after purchasing an additional 858 shares during the period. Jones Financial Companies Lllp’s holdings in UGI were worth $77,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. FMR LLC lifted its position in shares of UGI by 42.0% during the 3rd quarter. FMR LLC now owns 9,418,865 shares of the utilities provider’s stock worth $235,660,000 after buying an additional 2,786,878 shares in the last quarter. Hennessy Advisors Inc. lifted its holdings in UGI by 2,050.9% during the fourth quarter. Hennessy Advisors Inc. now owns 2,375,752 shares of the utilities provider’s stock worth $67,067,000 after acquiring an additional 2,265,300 shares during the period. Geode Capital Management LLC grew its stake in UGI by 33.8% in the 3rd quarter. Geode Capital Management LLC now owns 4,762,970 shares of the utilities provider’s stock valued at $127,246,000 after purchasing an additional 1,202,938 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of UGI by 47.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,503,214 shares of the utilities provider’s stock valued at $62,630,000 after purchasing an additional 808,113 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in shares of UGI by 105.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,507,263 shares of the utilities provider’s stock worth $37,712,000 after purchasing an additional 774,770 shares during the period. 82.34% of the stock is owned by institutional investors.

UGI Price Performance

UGI opened at $33.14 on Monday. The firm has a market cap of $7.12 billion, a P/E ratio of 13.05, a PEG ratio of 2.26 and a beta of 1.17. The firm has a 50-day moving average of $31.43 and a 200 day moving average of $27.72. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.82 and a current ratio of 1.00. UGI Co. has a fifty-two week low of $22.01 and a fifty-two week high of $34.49.

UGI (NYSE:UGI) last posted its quarterly earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share 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, research analysts expect that UGI Co. will post 3.02 EPS for the current year.

UGI Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other UGI news, insider Michael Sharp bought 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, for a total transaction of $160,039.80. Following the completion of the transaction, the insider now directly owns 4,806 shares of the company’s stock, valued at $160,039.80. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.73% of the company’s stock.

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.