UGI Co. (NYSE:UGI) Shares Acquired by Cetera Investment Advisers

Cetera Investment Advisers lifted its stake in UGI Co. (NYSE:UGI) by 2.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,207 shares of the utilities provider’s stock after purchasing an additional 523 shares during the quarter. Cetera Investment Advisers’ holdings in UGI were worth $712,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Barclays PLC raised its stake in UGI by 7.8% during the third quarter. Barclays PLC now owns 313,810 shares of the utilities provider’s stock worth $7,852,000 after purchasing an additional 22,752 shares during the period. Merit Financial Group LLC purchased a new position in UGI during the fourth quarter worth about $215,000. UMB Bank n.a. boosted its stake in UGI by 67.1% during the fourth quarter. UMB Bank n.a. now owns 1,345 shares of the utilities provider’s stock worth $38,000 after buying an additional 540 shares during the period. First Citizens Bank & Trust Co. increased its position in shares of UGI by 7.4% during the fourth quarter. First Citizens Bank & Trust Co. now owns 11,653 shares of the utilities provider’s stock valued at $329,000 after acquiring an additional 800 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in shares of UGI by 31.7% in the 4th quarter. Blue Trust Inc. now owns 4,360 shares of the utilities provider’s stock valued at $123,000 after acquiring an additional 1,049 shares during the period. Institutional investors and hedge funds own 82.34% of the company’s stock.

Insider Activity

In other UGI news, insider Michael Sharp bought 4,806 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was purchased at an average cost of $33.30 per share, for a total transaction of $160,039.80. Following the acquisition, the insider now owns 4,806 shares of the company’s stock, valued at $160,039.80. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on UGI shares. Wall Street Zen raised shares of UGI from a “hold” rating to a “buy” rating in a research report on Thursday, May 15th. Mizuho upped their price target on UGI from $38.00 to $39.00 and gave the stock an “outperform” rating in a research note on Thursday, May 15th.

UGI Stock Up 1.4%

Shares of NYSE UGI opened at $36.10 on Monday. The stock has a market cap of $7.74 billion, a P/E ratio of 14.21, a PEG ratio of 2.26 and a beta of 1.05. The business’s fifty day simple moving average is $33.19 and its 200-day simple moving average is $30.90. UGI Co. has a 12-month low of $22.01 and a 12-month high of $36.35. The company has a current ratio of 1.00, a quick ratio of 0.82 and a debt-to-equity ratio of 1.44.

UGI (NYSE:UGI) last posted its quarterly earnings data on Wednesday, May 7th. The utilities provider reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.41. UGI had a net margin of 7.73% and a return on equity of 15.19%. The company had revenue of $2.67 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same period in the previous year, the business posted $1.97 earnings per share. UGI’s quarterly revenue was up 8.1% on a year-over-year basis. As a group, equities analysts predict that UGI Co. will post 3.02 EPS for the current fiscal year.

UGI Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, May 16th will be paid a $0.375 dividend. The ex-dividend date is Monday, June 16th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.16%. UGI’s dividend payout ratio (DPR) is presently 61.73%.

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.