Illinois Municipal Retirement Fund Sells 51,765 Shares of UGI Co. (NYSE:UGI)

Illinois Municipal Retirement Fund reduced its position in UGI Co. (NYSE:UGI) by 54.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,863 shares of the utilities provider’s stock after selling 51,765 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in UGI were worth $1,054,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Treasurer of the State of North Carolina boosted its position in shares of UGI by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 91,762 shares of the utilities provider’s stock worth $2,111,000 after purchasing an additional 470 shares during the period. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of UGI by 2.5% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 21,623 shares of the utilities provider’s stock worth $497,000 after buying an additional 526 shares in the last quarter. Jacobi Capital Management LLC lifted its holdings in shares of UGI by 1.9% in the third quarter. Jacobi Capital Management LLC now owns 33,036 shares of the utilities provider’s stock worth $760,000 after buying an additional 621 shares in the last quarter. Fulton Bank N.A. lifted its holdings in shares of UGI by 3.6% in the fourth quarter. Fulton Bank N.A. now owns 18,171 shares of the utilities provider’s stock worth $447,000 after buying an additional 634 shares in the last quarter. Finally, United Services Automobile Association lifted its holdings in shares of UGI by 7.3% in the third quarter. United Services Automobile Association now owns 14,521 shares of the utilities provider’s stock worth $334,000 after buying an additional 983 shares in the last quarter. 82.34% of the stock is currently owned by institutional investors.

UGI Stock Performance

UGI stock opened at $25.38 on Friday. The firm’s fifty day moving average is $24.56 and its 200 day moving average is $23.36. The company has a quick ratio of 0.79, a current ratio of 0.98 and a debt-to-equity ratio of 1.59. UGI Co. has a 52-week low of $20.19 and a 52-week high of $34.26.

UGI (NYSE:UGI) last released its quarterly earnings results on Wednesday, January 31st. The utilities provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.08. UGI had a negative net margin of 5.48% and a positive return on equity of 14.09%. The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.98 billion. As a group, equities research analysts predict that UGI Co. will post 2.9 EPS for the current fiscal year.

UGI Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 5.91%. The ex-dividend date was Thursday, March 14th. UGI’s dividend payout ratio (DPR) is -68.18%.

Wall Street Analyst Weigh In

UGI has been the topic of several research analyst reports. TheStreet raised shares of UGI from a “d+” rating to a “c-” rating in a report on Wednesday, February 21st. StockNews.com downgraded shares of UGI from a “buy” rating to a “hold” rating in a report on Thursday, April 18th. Mizuho upped their price target on shares of UGI from $26.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. Finally, Wells Fargo & Company downgraded shares of UGI from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $27.00 to $28.00 in a research note on Thursday, March 14th.

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.