Sigma Planning Corp Sells 406 Shares of UGI Co. (NYSE:UGI)

Sigma Planning Corp lessened its holdings in UGI Co. (NYSE:UGI) by 4.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 9,775 shares of the utilities provider’s stock after selling 406 shares during the quarter. Sigma Planning Corp’s holdings in UGI were worth $276,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Creative Planning lifted its holdings in UGI by 3.5% during the third quarter. Creative Planning now owns 44,073 shares of the utilities provider’s stock worth $1,103,000 after buying an additional 1,496 shares during the period. Raymond James & Associates lifted its holdings in UGI by 10.7% during the third quarter. Raymond James & Associates now owns 160,451 shares of the utilities provider’s stock worth $4,014,000 after buying an additional 15,527 shares during the period. Allspring Global Investments Holdings LLC boosted its position in UGI by 945.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 51,280 shares of the utilities provider’s stock valued at $1,283,000 after purchasing an additional 46,377 shares in the last quarter. International Assets Investment Management LLC boosted its position in UGI by 2,402.0% during the third quarter. International Assets Investment Management LLC now owns 26,046 shares of the utilities provider’s stock valued at $652,000 after purchasing an additional 25,005 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in UGI by 13.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 26,889 shares of the utilities provider’s stock valued at $673,000 after purchasing an additional 3,117 shares in the last quarter. 82.34% of the stock is currently owned by institutional investors.

UGI Price Performance

Shares of NYSE UGI opened at $34.16 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 company has a market cap of $7.34 billion, a PE ratio of 13.45, a P/E/G ratio of 2.26 and a beta of 1.21. The business has a 50-day simple moving average of $30.48 and a two-hundred day simple moving average of $27.09. UGI Co. has a fifty-two week low of $22.01 and a fifty-two week high of $34.22.

UGI (NYSE:UGI) last released its earnings results on Wednesday, February 5th. The utilities provider reported $1.37 EPS for the quarter, topping analysts’ consensus estimates 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, equities analysts expect 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. Shareholders of record on Monday, March 17th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.50 dividend on an annualized basis and a yield of 4.39%. UGI’s dividend payout ratio is currently 59.06%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on UGI. Mizuho upgraded shares of UGI from a “neutral” rating to an “outperform” rating and raised their price target for the company from $27.00 to $30.00 in a report on Friday, November 15th. Jefferies Financial Group began coverage on shares of UGI in a research note on Friday, November 22nd. They issued a “buy” rating and a $28.00 target price for the company.

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.