BNP Paribas Arbitrage SA raised its position in UGI Co. (NYSE:UGI – Get Rating) by 27.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 122,960 shares of the utilities provider’s stock after buying an additional 26,393 shares during the period. BNP Paribas Arbitrage SA owned 0.06% of UGI worth $5,645,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its position in UGI by 4.5% in the third quarter. BlackRock Inc. now owns 24,498,157 shares of the utilities provider’s stock valued at $1,044,111,000 after buying an additional 1,053,388 shares in the last quarter. First Trust Advisors LP boosted its position in UGI by 8.1% in the fourth quarter. First Trust Advisors LP now owns 1,836,333 shares of the utilities provider’s stock valued at $84,307,000 after buying an additional 136,867 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of UGI by 26.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,146,142 shares of the utilities provider’s stock worth $48,848,000 after purchasing an additional 237,733 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of UGI by 77.0% during the fourth quarter. Victory Capital Management Inc. now owns 1,072,437 shares of the utilities provider’s stock worth $49,235,000 after purchasing an additional 466,583 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of UGI by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,045,682 shares of the utilities provider’s stock worth $48,007,000 after purchasing an additional 4,807 shares in the last quarter. Hedge funds and other institutional investors own 79.91% of the company’s stock.
In other UGI news, Director Frank S. Hermance purchased 65,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 16th. The stock was acquired at an average cost of $38.15 per share, with a total value of $2,479,750.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.00% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 1st. Investors of record on Wednesday, June 15th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.70%. This is an increase from UGI’s previous quarterly dividend of $0.35. The ex-dividend date is Tuesday, June 14th. UGI’s payout ratio is 19.71%.
A number of equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of UGI from a “sell” rating to a “hold” rating and set a $39.00 target price on the stock in a research report on Wednesday. Barclays reduced their target price on shares of UGI from $45.00 to $40.00 in a research report on Tuesday, March 22nd. TheStreet lowered shares of UGI from a “b” rating to a “c+” rating in a research report on Monday, February 7th. Bank of America lowered shares of UGI from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $46.00 to $38.00 in a research report on Monday, March 7th. Finally, StockNews.com upgraded shares of UGI from a “sell” rating to a “hold” rating in a research report on Saturday. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $40.75.
UGI Profile (Get Rating)
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 1.4 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,600 propane distribution location.
- Get a free copy of the StockNews.com research report on UGI (UGI)
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