Two Sigma Advisers LP increased its holdings in UGI Corp (NYSE:UGI) by 5.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,524 shares of the utilities provider’s stock after purchasing an additional 7,182 shares during the quarter. Two Sigma Advisers LP owned 0.08% of UGI worth $7,497,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cedar Wealth Management LLC bought a new stake in shares of UGI in the 4th quarter worth approximately $27,000. Parkside Financial Bank & Trust acquired a new stake in shares of UGI during the fourth quarter valued at approximately $29,000. Ffcm LLC raised its holdings in shares of UGI by 170.8% during the fourth quarter. Ffcm LLC now owns 1,327 shares of the utilities provider’s stock valued at $71,000 after acquiring an additional 837 shares during the period. NEXT Financial Group Inc increased its stake in UGI by 41.5% in the 4th quarter. NEXT Financial Group Inc now owns 2,123 shares of the utilities provider’s stock valued at $113,000 after buying an additional 623 shares during the period. Finally, Essex Savings Bank acquired a new position in UGI in the 4th quarter valued at approximately $139,000. Institutional investors and hedge funds own 80.82% of the company’s stock.
UGI has been the topic of several research reports. ValuEngine upgraded shares of UGI from a “hold” rating to a “buy” rating in a research note on Saturday, February 2nd. Bank of America upgraded shares of UGI from a “neutral” rating to a “buy” rating and set a $58.00 price objective on the stock in a research note on Wednesday, April 3rd. They noted that the move was a valuation call. Barclays reissued a “sell” rating and issued a $51.00 target price on shares of UGI in a research report on Thursday, April 4th. UBS Group raised shares of UGI from a “neutral” rating to a “buy” rating and set a $63.00 target price for the company in a research report on Monday, February 25th. Finally, Zacks Investment Research raised shares of UGI from a “sell” rating to a “hold” rating in a research report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $57.20.
UGI (NYSE:UGI) last released its earnings results on Tuesday, February 5th. The utilities provider reported $0.81 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.31). The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.21 billion. UGI had a net margin of 7.10% and a return on equity of 11.30%. UGI’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.01 earnings per share. Equities research analysts forecast that UGI Corp will post 2.49 EPS for the current fiscal year.
The business also recently announced 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 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend was Thursday, March 14th. UGI’s payout ratio is currently 37.96%.
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UGI Company 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 1.7 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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