UGI Co. (NYSE:UGI) Shares Sold by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. cut its stake in UGI Co. (NYSE:UGI) by 19.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,876,831 shares of the utilities provider’s stock after selling 453,779 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in UGI were worth $52,983,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Citigroup Inc. increased its stake in shares of UGI by 33.0% in the 3rd quarter. Citigroup Inc. now owns 203,313 shares of the utilities provider’s stock worth $5,087,000 after acquiring an additional 50,485 shares during the last quarter. FMR LLC increased its position in shares of UGI by 42.0% during the 3rd quarter. FMR LLC now owns 9,418,865 shares of the utilities provider’s stock worth $235,660,000 after purchasing an additional 2,786,878 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of UGI by 35.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,227,732 shares of the utilities provider’s stock worth $30,718,000 after purchasing an additional 318,655 shares during the last quarter. Commerce Bank acquired a new stake in shares of UGI during the 3rd quarter worth about $645,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of UGI by 254.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 181,687 shares of the utilities provider’s stock worth $5,138,000 after purchasing an additional 130,407 shares during the last quarter. 82.34% of the stock is owned by institutional investors and hedge funds.

UGI Stock Performance

Shares of UGI stock opened at $32.44 on Wednesday. The business has a 50-day moving average of $31.18 and a 200 day moving average of $27.56. UGI Co. has a 12 month low of $22.01 and a 12 month high of $34.49. The stock has a market capitalization of $6.97 billion, a price-to-earnings ratio of 12.77, a price-to-earnings-growth ratio of 2.26 and a beta of 1.17. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.00 and a quick ratio of 0.82.

UGI (NYSE:UGI) last announced its earnings results on Wednesday, February 5th. The utilities provider reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.16. UGI had a return on equity of 15.19% and a net margin of 7.73%. As a group, sell-side analysts forecast that UGI Co. will post 3.02 earnings per share for the current year.

UGI Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 4.62%. The ex-dividend date is Monday, March 17th. UGI’s payout ratio is presently 59.06%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Mizuho raised UGI from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $27.00 to $30.00 in a research report on Friday, November 15th. Jefferies Financial Group assumed coverage on UGI in a research report on Friday, November 22nd. They set a “buy” rating and a $28.00 price objective for the company.

Insider Activity

In related news, insider Michael Sharp acquired 4,806 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was acquired at an average price of $33.30 per share, for a total transaction of $160,039.80. Following the purchase, the insider now owns 4,806 shares of the company’s stock, valued at $160,039.80. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.73% of the company’s stock.

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.