New York State Common Retirement Fund Sells 3,330 Shares of UGI Co. (NYSE:UGI)

New York State Common Retirement Fund reduced its stake in UGI Co. (NYSE:UGI) by 2.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 164,177 shares of the utilities provider’s stock after selling 3,330 shares during the quarter. New York State Common Retirement Fund’s holdings in UGI were worth $4,039,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Treasurer of the State of North Carolina increased its holdings in shares of UGI by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 91,762 shares of the utilities provider’s stock worth $2,111,000 after buying an additional 470 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings in shares of UGI by 2.5% in the 3rd 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 during the last quarter. Jacobi Capital Management LLC grew its holdings in UGI by 1.9% during the 3rd quarter. Jacobi Capital Management LLC now owns 33,036 shares of the utilities provider’s stock valued at $760,000 after purchasing an additional 621 shares during the last quarter. Fulton Bank N.A. grew its holdings in UGI by 3.6% during the 4th quarter. Fulton Bank N.A. now owns 18,171 shares of the utilities provider’s stock valued at $447,000 after purchasing an additional 634 shares during the last quarter. Finally, United Services Automobile Association grew its holdings in UGI by 7.3% during the 3rd quarter. United Services Automobile Association now owns 14,521 shares of the utilities provider’s stock valued at $334,000 after purchasing an additional 983 shares during the last quarter. 82.34% of the stock is currently owned by institutional investors.

UGI Price Performance

UGI stock opened at $24.30 on Monday. The stock has a market cap of $5.09 billion, a price-to-earnings ratio of -59.27 and a beta of 1.13. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.98 and a quick ratio of 0.79. UGI Co. has a 1 year low of $20.19 and a 1 year high of $32.50. The firm has a 50-day moving average of $24.63 and a two-hundred day moving average of $23.50.

UGI (NYSE:UGI) last released its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.32. The company had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $3.07 billion. UGI had a negative net margin of 0.89% and a positive return on equity of 16.18%. The firm’s quarterly revenue was down 20.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.68 EPS. On average, research analysts forecast that UGI Co. will post 2.91 earnings per share for the current year.

UGI Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be given a $0.375 dividend. The ex-dividend date is Friday, June 14th. This represents a $1.50 annualized dividend and a yield of 6.17%. UGI’s dividend payout ratio (DPR) is -365.84%.

Analysts Set New Price Targets

Several equities analysts recently commented on UGI shares. Wells Fargo & Company cut their price target on shares of UGI from $28.00 to $27.00 and set an “equal weight” rating on the stock in a report on Friday. Mizuho upped their price target on shares of UGI from $26.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. TheStreet upgraded shares of UGI from a “d+” rating to a “c-” rating in a report on Wednesday, February 21st. Finally, StockNews.com upgraded shares of UGI from a “hold” rating to a “buy” rating in a report on Friday.

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.