State of New Jersey Common Pension Fund D Purchases 6,177 Shares of UGI Co. (NYSE:UGI)

State of New Jersey Common Pension Fund D increased its position in UGI Co. (NYSE:UGI) by 7.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 86,137 shares of the utilities provider’s stock after buying an additional 6,177 shares during the period. State of New Jersey Common Pension Fund D’s holdings in UGI were worth $2,432,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Citigroup Inc. boosted its holdings in 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 buying an additional 50,485 shares during the period. International Assets Investment Management LLC boosted its holdings in UGI by 2,402.0% in the 3rd quarter. International Assets Investment Management LLC now owns 26,046 shares of the utilities provider’s stock worth $652,000 after buying an additional 25,005 shares during the period. FMR LLC boosted its holdings in UGI by 42.0% in the 3rd quarter. FMR LLC now owns 9,418,865 shares of the utilities provider’s stock worth $235,660,000 after buying an additional 2,786,878 shares during the period. JPMorgan Chase & Co. boosted its holdings in UGI by 35.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,227,732 shares of the utilities provider’s stock worth $30,718,000 after buying an additional 318,655 shares during the period. Finally, Commerce Bank purchased a new stake in UGI in the 3rd quarter worth $645,000. Institutional investors own 82.34% of the company’s stock.

Analyst Upgrades and Downgrades

UGI has been the topic of several research analyst reports. Mizuho upgraded shares of UGI from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $27.00 to $30.00 in a research note on Friday, November 15th. Jefferies Financial Group initiated coverage on shares of UGI in a research note on Friday, November 22nd. They issued a “buy” rating and a $28.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, UGI presently has an average rating of “Moderate Buy” and an average price target of $28.33.

UGI Stock Up 0.2 %

Shares of NYSE UGI opened at $32.76 on Friday. The firm’s 50-day moving average price is $29.71 and its 200-day moving average price is $26.65. The company has a current ratio of 1.00, a quick ratio of 0.82 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $7.04 billion, a price-to-earnings ratio of 12.90, a P/E/G ratio of 2.28 and a beta of 1.21. UGI Co. has a 12-month low of $22.01 and a 12-month high of $33.11.

UGI (NYSE:UGI) last announced its earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.16. UGI had a net margin of 7.73% and a return on equity of 15.19%. On average, equities research analysts anticipate that UGI Co. will post 3.02 EPS for the current fiscal year.

UGI Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be issued a dividend of $0.375 per share. The ex-dividend date is Monday, March 17th. This represents a $1.50 annualized dividend and a yield of 4.58%. UGI’s payout ratio is 59.06%.

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.