Quantitative Systematic Strategies LLC boosted its holdings in shares of UGI Co. (NYSE:UGI) by 35.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,986 shares of the utilities provider’s stock after acquiring an additional 2,359 shares during the quarter. Quantitative Systematic Strategies LLC’s holdings in UGI were worth $399,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of UGI. Cerebellum GP LLC acquired a new position in shares of UGI in the 4th quarter worth approximately $123,000. Tower Research Capital LLC TRC lifted its position in shares of UGI by 133.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,656 shares of the utilities provider’s stock worth $172,000 after purchasing an additional 2,090 shares during the period. Unio Capital LLC acquired a new position in shares of UGI in the 4th quarter worth approximately $216,000. Koch Industries Inc. acquired a new position in shares of UGI in the 4th quarter worth approximately $273,000. Finally, D.A. Davidson & CO. acquired a new position in shares of UGI in the 4th quarter worth approximately $278,000. 78.87% of the stock is currently owned by hedge funds and other institutional investors.
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UGI stock opened at $49.05 on Thursday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.10 and a current ratio of 1.22. UGI Co. has a 12-month low of $49.15 and a 12-month high of $49.56. The firm has a market cap of $8.65 billion, a P/E ratio of 21.42, a P/E/G ratio of 2.23 and a beta of 0.54.
UGI (NYSE:UGI) last released its earnings results on Wednesday, May 2nd. The utilities provider reported $1.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.51 by $0.18. UGI had a net margin of 10.54% and a return on equity of 12.21%. The company had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.43 billion. During the same quarter in the previous year, the company earned $1.31 EPS. UGI’s quarterly revenue was up 29.4% compared to the same quarter last year. equities research analysts expect that UGI Co. will post 2.8 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Sunday, July 1st. Investors of record on Friday, June 15th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date is Thursday, June 14th. This is an increase from UGI’s previous quarterly dividend of $0.25. UGI’s payout ratio is presently 43.67%.
In related news, CEO Jerry E. Sheridan sold 43,332 shares of the business’s stock in a transaction on Thursday, May 10th. The shares were sold at an average price of $49.41, for a total transaction of $2,141,034.12. Following the transaction, the chief executive officer now owns 43,332 shares in the company, valued at approximately $2,141,034.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John L. Walsh sold 25,000 shares of the business’s stock in a transaction on Friday, March 16th. The shares were sold at an average price of $43.84, for a total transaction of $1,096,000.00. Following the transaction, the chief executive officer now owns 468,166 shares in the company, valued at approximately $20,524,397.44. The disclosure for this sale can be found here. Insiders have sold a total of 128,332 shares of company stock worth $6,143,434 in the last quarter. 2.36% of the stock is owned by corporate insiders.
A number of research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of UGI from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a research report on Tuesday, May 8th. Citigroup dropped their price target on shares of UGI from $49.00 to $48.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 27th. UBS upgraded shares of UGI from a “neutral” rating to a “buy” rating in a research report on Friday, April 20th. Barclays restated a “sell” rating and issued a $47.00 price target on shares of UGI in a research report on Friday, February 2nd. Finally, Bank of America restated a “buy” rating on shares of UGI in a research report on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $48.75.
UGI Company Profile
UGI Corporation distributes, stores, transports, and markets energy products and related services in the United States and internationally. It distributes propane to approximately 1.9 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers in 50 states through 1,900 propane distribution locations; and sells, installs, and services propane appliances, including heating systems.
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