Quadrature Capital Ltd bought a new stake in shares of UGI Corp (NYSE:UGI) in the 4th quarter, HoldingsChannel.com reports. The fund bought 13,307 shares of the utilities provider’s stock, valued at approximately $625,000.
A number of other large investors have also bought and sold shares of UGI. APG Asset Management N.V. grew its holdings in shares of UGI by 37.5% during the fourth quarter. APG Asset Management N.V. now owns 2,603,255 shares of the utilities provider’s stock worth $101,784,000 after buying an additional 709,500 shares in the last quarter. BlackRock Inc. grew its holdings in shares of UGI by 2.8% during the fourth quarter. BlackRock Inc. now owns 16,606,853 shares of the utilities provider’s stock worth $779,691,000 after buying an additional 447,298 shares in the last quarter. Reinhart Partners Inc. purchased a new stake in shares of UGI during the fourth quarter worth about $20,733,000. Prudential Financial Inc. grew its holdings in shares of UGI by 12.2% during the third quarter. Prudential Financial Inc. now owns 2,224,667 shares of the utilities provider’s stock worth $104,248,000 after buying an additional 241,470 shares in the last quarter. Finally, Mountain Pacific Investment Advisers Inc. ID grew its holdings in shares of UGI by 39.6% during the fourth quarter. Mountain Pacific Investment Advisers Inc. ID now owns 316,795 shares of the utilities provider’s stock worth $14,874,000 after buying an additional 89,810 shares in the last quarter. Hedge funds and other institutional investors own 77.44% of the company’s stock.
Shares of UGI Corp (NYSE:UGI) opened at $43.09 on Thursday. The company has a market cap of $7,460.00, a PE ratio of 18.82 and a beta of 0.58. UGI Corp has a twelve month low of $42.51 and a twelve month high of $52.00. The company has a current ratio of 0.98, a quick ratio of 0.85 and a debt-to-equity ratio of 0.99.
The business also recently announced a quarterly dividend, which will be paid on Sunday, April 1st. Investors of record on Thursday, March 15th will be given a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.00 annualized dividend and a dividend yield of 2.32%. UGI’s dividend payout ratio is presently 43.67%.
In related news, insider Roger Perreault bought 2,270 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were acquired at an average cost of $43.97 per share, with a total value of $99,811.90. Following the completion of the transaction, the insider now owns 21,049 shares of the company’s stock, valued at $925,524.53. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.36% of the stock is currently owned by company insiders.
A number of equities research analysts have recently commented on UGI shares. Zacks Investment Research upgraded shares of UGI from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a report on Friday, December 22nd. Barclays reiterated a “sell” rating and set a $47.00 price target on shares of UGI in a report on Friday, February 2nd. Finally, Bank of America reiterated a “buy” rating on shares of UGI in a report on Tuesday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. UGI has an average rating of “Hold” and a consensus price target of $48.33.
UGI Corporation is a holding company. The Company distributes, stores, transports and markets energy products and related services. It operates through six segments. The AmeriGas Propane segment consists of the propane distribution business of AmeriGas Partners, L.P. The UGI France segment consists of the French LPG distribution business of its subsidiaries, Antargaz, Finagaz and its liquefied petroleum gases (LPG) distribution businesses.
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