UGI Co. (NYSE:UGI) Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP boosted its stake in UGI Co. (NYSE:UGI) by 37.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 200,555 shares of the utilities provider’s stock after buying an additional 54,568 shares during the period. Quantbot Technologies LP’s holdings in UGI were worth $5,662,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. FMR LLC grew its position in UGI by 42.0% in the 3rd quarter. FMR LLC now owns 9,418,865 shares of the utilities provider’s stock valued at $235,660,000 after buying an additional 2,786,878 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of UGI by 33.8% during 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 in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of UGI by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,555,075 shares of the utilities provider’s stock valued at $72,130,000 after purchasing an additional 51,861 shares in the last quarter. Hennessy Advisors Inc. boosted its holdings in shares of UGI by 2,050.9% in the fourth quarter. Hennessy Advisors Inc. now owns 2,375,752 shares of the utilities provider’s stock worth $67,067,000 after buying an additional 2,265,300 shares during the period. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of UGI by 19.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,797,648 shares of the utilities provider’s stock worth $50,748,000 after buying an additional 290,385 shares during the period. Institutional investors own 82.34% of the company’s stock.

UGI Stock Up 3.6 %

UGI stock opened at $33.14 on Friday. The company has a quick ratio of 0.82, a current ratio of 1.00 and a debt-to-equity ratio of 1.44. The business’s 50-day simple moving average is $31.43 and its 200 day simple moving average is $27.68. The company has a market cap of $7.12 billion, a PE ratio of 13.05, a price-to-earnings-growth ratio of 2.26 and a beta of 1.17. UGI Co. has a twelve month low of $22.01 and a twelve month high of $34.49.

UGI (NYSE:UGI) last released 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%. On average, research analysts anticipate that UGI Co. will post 3.02 earnings per share for the current year.

UGI Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.53%. The ex-dividend date of this dividend is Monday, March 17th. UGI’s dividend payout ratio (DPR) is currently 59.06%.

Insider Activity

In related news, insider Michael Sharp acquired 4,806 shares of the company’s stock in a transaction that occurred 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 transaction, 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 acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.73% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have commented on UGI shares. Jefferies Financial Group started coverage on shares of UGI in a report on Friday, November 22nd. They issued a “buy” rating and a $28.00 target price for the company. Mizuho upgraded shares of UGI from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $27.00 to $30.00 in a report 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.