Principal Financial Group Inc. cut its position in shares of UGI Corp (NYSE:UGI) by 1.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 768,439 shares of the utilities provider’s stock after selling 12,111 shares during the quarter. Principal Financial Group Inc. owned 0.44% of UGI worth $40,995,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in UGI. Oregon Public Employees Retirement Fund lifted its stake in UGI by 5,235.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,630,734 shares of the utilities provider’s stock worth $68,000 after purchasing an additional 3,562,679 shares during the last quarter. Federated Investors Inc. PA lifted its stake in UGI by 739.0% during the third quarter. Federated Investors Inc. PA now owns 680,309 shares of the utilities provider’s stock worth $37,743,000 after purchasing an additional 599,223 shares during the last quarter. Man Group plc lifted its stake in UGI by 69.4% during the third quarter. Man Group plc now owns 1,243,256 shares of the utilities provider’s stock worth $68,976,000 after purchasing an additional 509,232 shares during the last quarter. BlackRock Inc. lifted its stake in UGI by 1.8% during the fourth quarter. BlackRock Inc. now owns 17,414,409 shares of the utilities provider’s stock worth $929,060,000 after purchasing an additional 304,579 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its stake in UGI by 160.7% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 429,075 shares of the utilities provider’s stock worth $22,868,000 after purchasing an additional 264,463 shares during the last quarter. Hedge funds and other institutional investors own 80.85% of the company’s stock.
UGI stock traded down $0.12 during mid-day trading on Monday, reaching $53.07. The company had a trading volume of 936,481 shares, compared to its average volume of 1,133,206. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.89 and a current ratio of 1.03. The stock has a market capitalization of $9.19 billion, a price-to-earnings ratio of 19.37, a PEG ratio of 2.66 and a beta of 0.62. UGI Corp has a one year low of $44.93 and a one year high of $59.31.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date was Thursday, March 14th. UGI’s dividend payout ratio is currently 37.96%.
Several brokerages recently issued reports on UGI. ValuEngine cut UGI from a “buy” rating to a “hold” rating in a research note on Wednesday, December 26th. Jefferies Financial Group upgraded UGI from a “hold” rating to a “buy” rating and raised their price objective for the stock from $54.00 to $60.00 in a research note on Friday, April 5th. They noted that the move was a valuation call. UBS Group upgraded UGI from a “neutral” rating to a “buy” rating and set a $63.00 target price on the stock in a research note on Monday, February 25th. Bank of America upgraded UGI from a “neutral” rating to a “buy” rating and set a $58.00 target price on the stock in a research note on Wednesday, April 3rd. They noted that the move was a valuation call. Finally, Barclays reiterated a “sell” rating and issued a $51.00 target price on shares of UGI in a research note on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. UGI has a consensus rating of “Hold” and an average target price of $57.20.
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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 1.7 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,900 propane distribution locations; and sells, installs, and services propane appliances, including heating systems and propane-powered generators.
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