UGI Co. (NYSE:UGI) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers increased its holdings in UGI Co. (NYSE:UGI) by 0.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 595,950 shares of the utilities provider’s stock after buying an additional 5,593 shares during the period. Rhumbline Advisers’ holdings in UGI were worth $16,824,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in UGI. Creative Planning boosted its holdings in UGI by 3.5% in the third quarter. Creative Planning now owns 44,073 shares of the utilities provider’s stock valued at $1,103,000 after purchasing an additional 1,496 shares during the last quarter. Blue Trust Inc. boosted its position in UGI by 64.2% in the 3rd quarter. Blue Trust Inc. now owns 3,311 shares of the utilities provider’s stock worth $76,000 after purchasing an additional 1,295 shares in the last quarter. Raymond James & Associates grew its stake in shares of UGI by 10.7% during the 3rd quarter. Raymond James & Associates now owns 160,451 shares of the utilities provider’s stock worth $4,014,000 after purchasing an additional 15,527 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of UGI by 945.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 51,280 shares of the utilities provider’s stock worth $1,283,000 after purchasing an additional 46,377 shares during the period. Finally, Signaturefd LLC lifted its stake in shares of UGI by 7.2% in the 3rd quarter. Signaturefd LLC now owns 7,885 shares of the utilities provider’s stock valued at $197,000 after purchasing an additional 531 shares during the period. 82.34% of the stock is owned by hedge funds and other institutional investors.

UGI Price Performance

Shares of NYSE UGI opened at $33.12 on Friday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.82 and a current ratio of 1.00. The firm has a fifty day moving average of $29.78 and a 200 day moving average of $26.69. The firm has a market cap of $7.11 billion, a PE ratio of 13.04, a PEG ratio of 2.26 and a beta of 1.21. UGI Co. has a one year low of $22.01 and a one year high of $33.58.

UGI (NYSE:UGI) last released its quarterly earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share for the quarter, topping 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%. As a group, research analysts predict that UGI Co. will post 3.02 EPS for the current fiscal year.

UGI Announces Dividend

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 given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 4.53%. The ex-dividend date of this dividend is Monday, March 17th. UGI’s payout ratio is 59.06%.

Analyst Upgrades and Downgrades

UGI has been the subject of a number of analyst reports. Mizuho upgraded shares of UGI from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $27.00 to $30.00 in a research report on Friday, November 15th. Jefferies Financial Group initiated coverage on UGI in a research note on Friday, November 22nd. They issued a “buy” rating and a $28.00 price target for the company.

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.