UGI Co. (NYSE:UGI) Insider Michael Sharp Purchases 4,806 Shares

UGI Co. (NYSE:UGI) insider Michael Sharp purchased 4,806 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was bought at an average cost of $33.30 per share, for a total transaction of $160,039.80. Following the purchase, the insider now directly owns 4,806 shares in the company, valued at $160,039.80. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

UGI Trading Down 0.6 %

Shares of UGI stock opened at $33.96 on Tuesday. The stock’s fifty day moving average is $30.61 and its two-hundred day moving average is $27.21. 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 firm has a market capitalization of $7.30 billion, a P/E ratio of 13.37, a PEG ratio of 2.26 and a beta of 1.21. UGI Co. has a fifty-two week low of $22.01 and a fifty-two week high of $34.49.

UGI (NYSE:UGI) last announced its quarterly earnings data on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.16. UGI had a return on equity of 15.19% and a net margin of 7.73%. Research analysts expect that UGI Co. will post 3.02 earnings per share for the current fiscal year.

UGI Announces Dividend

The company 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. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.50 dividend on an annualized basis and a yield of 4.42%. UGI’s payout ratio is currently 59.06%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bessemer Group Inc. lifted its holdings in UGI by 216.7% in the 4th quarter. Bessemer Group Inc. now owns 893 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 611 shares in the last quarter. Altshuler Shaham Ltd purchased a new position in shares of UGI during the 4th quarter worth $25,000. GeoWealth Management LLC purchased a new position in shares of UGI during the 4th quarter worth $27,000. S.A. Mason LLC purchased a new position in shares of UGI during the 4th quarter worth $27,000. Finally, Flagship Wealth Advisors LLC purchased a new position in shares of UGI during the 4th quarter worth $30,000. Hedge funds and other institutional investors own 82.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on UGI. Jefferies Financial Group began coverage on shares of UGI in a research note on Friday, November 22nd. They issued a “buy” rating and a $28.00 price target on the stock. Mizuho raised 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.

UGI Company 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.