UGI Co. (NYSE:UGI) Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. decreased its position in shares of UGI Co. (NYSE:UGI) by 73.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,537 shares of the utilities provider’s stock after selling 28,620 shares during the quarter. Shell Asset Management Co.’s holdings in UGI were worth $297,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. AIA Group Ltd boosted its position in shares of UGI by 1.8% during the 4th quarter. AIA Group Ltd now owns 18,047 shares of the utilities provider’s stock valued at $509,000 after acquiring an additional 323 shares during the last quarter. US Bancorp DE raised its holdings in UGI by 3.7% in the 4th quarter. US Bancorp DE now owns 10,826 shares of the utilities provider’s stock valued at $306,000 after buying an additional 388 shares during the period. Hourglass Capital LLC raised its holdings in UGI by 0.6% in the 4th quarter. Hourglass Capital LLC now owns 82,520 shares of the utilities provider’s stock valued at $2,330,000 after buying an additional 470 shares during the period. Venturi Wealth Management LLC raised its holdings in UGI by 15.1% in the 4th quarter. Venturi Wealth Management LLC now owns 3,749 shares of the utilities provider’s stock valued at $106,000 after buying an additional 491 shares during the period. Finally, Abundance Wealth Counselors raised its holdings in UGI by 1.7% in the 4th quarter. Abundance Wealth Counselors now owns 29,514 shares of the utilities provider’s stock valued at $833,000 after buying an additional 505 shares during the period. Institutional investors and hedge funds own 82.34% of the company’s stock.

UGI Stock Up 0.5%

Shares of NYSE:UGI opened at $35.48 on Monday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.00 and a quick ratio of 0.82. The firm has a market capitalization of $7.61 billion, a PE ratio of 13.97, a price-to-earnings-growth ratio of 2.26 and a beta of 1.05. The firm’s 50-day moving average is $32.87 and its two-hundred day moving average is $30.47. UGI Co. has a 1 year low of $22.01 and a 1 year high of $35.50.

UGI (NYSE:UGI) last issued its quarterly earnings results on Wednesday, May 7th. The utilities provider reported $2.21 EPS for the quarter, beating the consensus estimate of $1.80 by $0.41. UGI had a net margin of 7.73% and a return on equity of 15.19%. The company had revenue of $2.67 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter last year, the company posted $1.97 EPS. The firm’s revenue was up 8.1% compared to the same quarter last year. Analysts predict that UGI Co. will post 3.02 EPS for the current year.

UGI Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, May 16th will be given a $0.375 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.50 annualized dividend and a yield of 4.23%. UGI’s dividend payout ratio is presently 61.73%.

Insider Buying and Selling at UGI

In other news, insider Michael Sharp bought 4,806 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were purchased at an average cost of $33.30 per share, for a total transaction of $160,039.80. Following the completion of the purchase, the insider now owns 4,806 shares of the company’s stock, valued at approximately $160,039.80. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.73% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

UGI has been the topic of several research analyst reports. StockNews.com upgraded shares of UGI from a “hold” rating to a “buy” rating in a report on Thursday. Mizuho boosted their price objective on shares of UGI from $38.00 to $39.00 and gave the company an “outperform” rating in a report on Thursday.

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.