Zurcher Kantonalbank Zurich Cantonalbank Increases Position in UGI Co. (NYSE:UGI)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of UGI Co. (NYSE:UGI) by 31.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 61,286 shares of the utilities provider’s stock after buying an additional 14,504 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in UGI were worth $1,730,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Citigroup Inc. lifted its stake in shares of UGI by 33.0% during the third quarter. Citigroup Inc. now owns 203,313 shares of the utilities provider’s stock valued at $5,087,000 after buying an additional 50,485 shares during the period. FMR LLC raised its stake in UGI by 42.0% during the third quarter. FMR LLC now owns 9,418,865 shares of the utilities provider’s stock worth $235,660,000 after purchasing an additional 2,786,878 shares during the period. JPMorgan Chase & Co. raised its stake in UGI by 35.1% during the third quarter. JPMorgan Chase & Co. now owns 1,227,732 shares of the utilities provider’s stock worth $30,718,000 after purchasing an additional 318,655 shares during the period. Commerce Bank purchased a new position in UGI during the third quarter worth approximately $645,000. Finally, Allspring Global Investments Holdings LLC raised its stake in UGI by 254.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 181,687 shares of the utilities provider’s stock worth $5,138,000 after purchasing an additional 130,407 shares during the period. Hedge funds and other institutional investors own 82.34% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group initiated coverage on shares of UGI in a research note on Friday, November 22nd. They set a “buy” rating and a $28.00 price target on the stock.

Insider Transactions at UGI

In other UGI news, insider Michael Sharp acquired 4,806 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was bought at an average price of $33.30 per share, with a total value of $160,039.80. Following the completion of the transaction, the insider now directly owns 4,806 shares of the company’s stock, valued at approximately $160,039.80. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.73% of the company’s stock.

UGI Stock Performance

NYSE:UGI opened at $33.03 on Tuesday. UGI Co. has a fifty-two week low of $22.01 and a fifty-two week high of $34.49. The firm’s 50 day moving average is $31.53 and its two-hundred day moving average is $27.78. The company has a market cap of $7.09 billion, a P/E ratio of 13.00, a P/E/G ratio of 2.26 and a beta of 1.17. The company has a quick ratio of 0.82, a current ratio of 1.00 and a debt-to-equity ratio of 1.44.

UGI (NYSE:UGI) last released its quarterly earnings data on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share (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%. Analysts expect that UGI Co. will post 3.02 EPS for the current year.

UGI Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 4.54%. The ex-dividend date of this dividend is Monday, March 17th. UGI’s payout ratio is currently 59.06%.

About UGI

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.