Bank of New York Mellon Corp Decreases Position in UGI Co. (NYSE:UGI)

Bank of New York Mellon Corp reduced its stake in shares of UGI Co. (NYSE:UGI) by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,535,474 shares of the utilities provider’s stock after selling 16,543 shares during the quarter. Bank of New York Mellon Corp owned 1.18% of UGI worth $71,576,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. S.A. Mason LLC acquired a new stake in UGI in the fourth quarter valued at approximately $27,000. Golden State Wealth Management LLC purchased a new position in shares of UGI in the fourth quarter valued at $36,000. UMB Bank n.a. grew its holdings in UGI by 67.1% during the 4th quarter. UMB Bank n.a. now owns 1,345 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 540 shares in the last quarter. McClarren Financial Advisors Inc. purchased a new stake in UGI during the 4th quarter worth $48,000. Finally, Farther Finance Advisors LLC increased its stake in UGI by 189.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,073 shares of the utilities provider’s stock worth $52,000 after buying an additional 1,358 shares during the period. 82.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insider Activity

In other UGI news, insider Michael Sharp acquired 4,806 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was purchased at an average price of $33.30 per share, with a total value of $160,039.80. Following the completion of the acquisition, the insider now directly owns 4,806 shares in the company, valued at $160,039.80. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.73% of the company’s stock.

UGI Trading Down 0.6 %

NYSE UGI opened at $33.96 on Tuesday. The company has a market capitalization of $7.30 billion, a price-to-earnings ratio of 13.37, a price-to-earnings-growth ratio of 2.26 and a beta of 1.21. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.00 and a quick ratio of 0.82. UGI Co. has a 12 month low of $22.01 and a 12 month high of $34.49. The company’s fifty day moving average price is $30.61 and its two-hundred day moving average price is $27.21.

UGI (NYSE:UGI) last issued its quarterly earnings results on Wednesday, February 5th. The utilities provider reported $1.37 EPS 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 earnings per share for the current fiscal year.

UGI Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be issued a $0.375 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.42%. UGI’s dividend payout ratio (DPR) is 59.06%.

UGI 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.