Teachers Retirement System of The State of Kentucky Acquires 7,675 Shares of UGI Co. (NYSE:UGI)


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Teachers Retirement System of The State of Kentucky increased its position in UGI Co. (NYSE:UGI) by 3.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 216,501 shares of the utilities provider’s stock after buying an additional 7,675 shares during the period. Teachers Retirement System of The State of Kentucky owned about 0.10% of UGI worth $7,569,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of UGI. Norges Bank bought a new position in UGI in the 4th quarter worth $83,362,000. Robecosam AG boosted its holdings in UGI by 309.1% in the 4th quarter. Robecosam AG now owns 900,000 shares of the utilities provider’s stock worth $31,464,000 after buying an additional 680,000 shares during the period. FMR LLC boosted its holdings in UGI by 104.4% in the 1st quarter. FMR LLC now owns 765,956 shares of the utilities provider’s stock worth $42,450,000 after buying an additional 391,178 shares during the period. Bank of New York Mellon Corp boosted its holdings in UGI by 12.5% in the 4th quarter. Bank of New York Mellon Corp now owns 2,822,135 shares of the utilities provider’s stock worth $98,661,000 after buying an additional 313,236 shares during the period. Finally, Wedge Capital Management L L P NC boosted its holdings in UGI by 18.4% in the 4th quarter. Wedge Capital Management L L P NC now owns 1,668,374 shares of the utilities provider’s stock worth $58,326,000 after buying an additional 259,135 shares during the period. 76.53% of the stock is owned by institutional investors.

UGI opened at $41.98 on Thursday. The firm has a 50-day simple moving average of $40.54 and a two-hundred day simple moving average of $36.65. UGI Co. has a 52 week low of $25.61 and a 52 week high of $42.06. The company has a market capitalization of $8.76 billion, a PE ratio of 16.66, a price-to-earnings-growth ratio of 1.58 and a beta of 0.93. The company has a quick ratio of 0.74, a current ratio of 0.88 and a debt-to-equity ratio of 1.45.

UGI (NYSE:UGI) last released its quarterly earnings data on Tuesday, February 2nd. The utilities provider reported $1.18 EPS for the quarter, beating the consensus estimate of $1.10 by $0.08. UGI had a net margin of 8.11% and a return on equity of 13.70%. The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the prior year, the firm earned $1.17 EPS. The business’s revenue was down 3.7% on a year-over-year basis. As a group, sell-side analysts expect that UGI Co. will post 2.9 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 1st. Stockholders of record on Monday, March 15th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend was Friday, March 12th. UGI’s dividend payout ratio is 49.44%.

Several research analysts recently weighed in on the stock. Bank of America assumed coverage on shares of UGI in a report on Wednesday, December 23rd. They issued a “neutral” rating for the company. TheStreet raised shares of UGI from a “c+” rating to a “b” rating in a report on Tuesday, February 16th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $37.75.

In other UGI news, Director Ted A. Dosch bought 10,000 shares of the firm’s stock in a transaction dated Tuesday, February 9th. The shares were purchased at an average cost of $37.46 per share, for a total transaction of $374,600.00. 2.50% of the stock is currently owned by corporate insiders.

UGI Profile

UGI Corporation 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 1.5 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,800 propane distribution locations; and sells, installs, and services propane appliances, including heating systems and propane-powered generators.

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Institutional Ownership by Quarter for UGI (NYSE:UGI)

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