Pacer Advisors Inc. Raises Stock Position in UGI Co. (NYSE:UGI)

Pacer Advisors Inc. boosted its position in shares of UGI Co. (NYSE:UGIFree Report) by 79.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,489 shares of the utilities provider’s stock after purchasing an additional 13,944 shares during the period. Pacer Advisors Inc.’s holdings in UGI were worth $775,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. BlackRock Inc. raised its stake in UGI by 3.4% during the first quarter. BlackRock Inc. now owns 35,154,665 shares of the utilities provider’s stock worth $1,221,976,000 after purchasing an additional 1,150,654 shares during the period. Vanguard Group Inc. increased its position in shares of UGI by 3.1% during the third quarter. Vanguard Group Inc. now owns 26,271,972 shares of the utilities provider’s stock valued at $604,255,000 after acquiring an additional 781,929 shares during the last quarter. State Street Corp increased its position in shares of UGI by 5.5% during the second quarter. State Street Corp now owns 18,567,208 shares of the utilities provider’s stock valued at $507,628,000 after acquiring an additional 974,540 shares during the last quarter. Moneta Group Investment Advisors LLC acquired a new stake in shares of UGI during the fourth quarter valued at about $203,745,000. Finally, Mitsubishi UFJ Trust & Banking Corp increased its position in shares of UGI by 503.8% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,904,763 shares of the utilities provider’s stock valued at $66,810,000 after acquiring an additional 2,423,713 shares during the last quarter. 82.34% of the stock is owned by hedge funds and other institutional investors.

UGI Trading Up 2.0 %

Shares of UGI stock opened at $24.74 on Thursday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.79 and a current ratio of 0.98. The stock has a market capitalization of $5.18 billion, a P/E ratio of -11.25, a price-to-earnings-growth ratio of 1.03 and a beta of 1.16. The company has a 50 day moving average price of $24.17 and a 200 day moving average price of $23.16. UGI Co. has a fifty-two week low of $20.19 and a fifty-two week high of $35.47.

UGI (NYSE:UGIGet Free Report) last announced its quarterly earnings data on Wednesday, January 31st. The utilities provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.08. The firm had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.98 billion. UGI had a negative net margin of 5.48% and a positive return on equity of 14.09%. Equities research analysts predict that UGI Co. will post 2.9 EPS for the current fiscal year.

UGI Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were paid a $0.375 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.50 dividend on an annualized basis and a yield of 6.06%. UGI’s dividend payout ratio is currently -68.18%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on UGI. TheStreet upgraded shares of UGI from a “d+” rating to a “c-” rating in a research report on Wednesday, February 21st. Mizuho dropped their price target on shares of UGI from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, January 18th. Finally, Wells Fargo & Company cut shares of UGI from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $27.00 to $28.00 in a research report on Thursday, March 14th.

Get Our Latest Stock Report on UGI

About UGI

(Free Report)

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.

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Institutional Ownership by Quarter for UGI (NYSE:UGI)

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