UGI Co. (NYSE:UGI) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd decreased its holdings in shares of UGI Co. (NYSE:UGI) by 74.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 29,989 shares of the utilities provider’s stock after selling 87,040 shares during the period. Y Intercept Hong Kong Ltd’s holdings in UGI were worth $847,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in UGI. Easterly Investment Partners LLC raised its holdings in UGI by 0.8% during the third quarter. Easterly Investment Partners LLC now owns 59,238 shares of the utilities provider’s stock worth $1,482,000 after purchasing an additional 450 shares in the last quarter. Hourglass Capital LLC raised its holdings in UGI by 0.6% during the fourth quarter. Hourglass Capital LLC now owns 82,520 shares of the utilities provider’s stock worth $2,330,000 after purchasing an additional 470 shares in the last quarter. Wright Investors Service Inc. raised its holdings in UGI by 1.3% during the fourth quarter. Wright Investors Service Inc. now owns 37,206 shares of the utilities provider’s stock worth $1,050,000 after purchasing an additional 484 shares in the last quarter. MetLife Investment Management LLC raised its holdings in UGI by 0.4% during the third quarter. MetLife Investment Management LLC now owns 110,875 shares of the utilities provider’s stock worth $2,774,000 after purchasing an additional 489 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in UGI by 15.1% during the fourth quarter. Venturi Wealth Management LLC now owns 3,749 shares of the utilities provider’s stock worth $106,000 after purchasing an additional 491 shares in the last quarter. Institutional investors and hedge funds own 82.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on UGI. Mizuho raised shares of UGI from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $27.00 to $30.00 in a report on Friday, November 15th. Jefferies Financial Group initiated 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.

UGI Trading Up 0.3 %

Shares of UGI stock opened at $33.26 on Friday. UGI Co. has a 12-month low of $22.01 and a 12-month high of $33.58. The company has a current ratio of 1.00, a quick ratio of 0.82 and a debt-to-equity ratio of 1.44. The stock has a market cap of $7.14 billion, a PE ratio of 13.09, a price-to-earnings-growth ratio of 2.26 and a beta of 1.21. The company has a 50-day moving average of $30.34 and a two-hundred day moving average of $27.01.

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

UGI Dividend Announcement

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 paid a dividend of $0.375 per share. 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 4.51%. UGI’s dividend payout ratio (DPR) is 59.06%.

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.