New York State Common Retirement Fund Buys 1,478 Shares of UGI Co. (NYSE:UGI)

New York State Common Retirement Fund boosted its stake in shares of UGI Co. (NYSE:UGI) by 1.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 105,324 shares of the utilities provider’s stock after acquiring an additional 1,478 shares during the quarter. New York State Common Retirement Fund’s holdings in UGI were worth $2,973,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. S.A. Mason LLC bought a new position in shares of UGI in the 4th quarter valued at about $27,000. Golden State Wealth Management LLC bought a new position in shares of UGI in the 4th quarter valued at about $36,000. UMB Bank n.a. boosted its stake in shares of 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 purchasing an additional 540 shares during the last quarter. McClarren Financial Advisors Inc. acquired a new stake in shares of UGI in the 4th quarter valued at approximately $48,000. Finally, Farther Finance Advisors LLC raised its position in shares of 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 acquiring an additional 1,358 shares during the period. Institutional investors own 82.34% of the company’s stock.

UGI Stock Performance

Shares of UGI stock opened at $34.16 on Friday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.82 and a current ratio of 1.00. The company has a market capitalization of $7.34 billion, a P/E ratio of 13.45, a price-to-earnings-growth ratio of 2.26 and a beta of 1.21. The company’s 50 day moving average price is $30.48 and its two-hundred day moving average price is $27.11. UGI Co. has a 52 week low of $22.01 and a 52 week high of $34.22.

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

UGI Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.39%. UGI’s dividend payout ratio (DPR) is presently 59.06%.

Analyst Ratings Changes

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

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.