Jefferies Group LLC increased its position in UGI Corp (NYSE:UGI) by 33.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 47,739 shares of the utilities provider’s stock after buying an additional 11,972 shares during the quarter. Jefferies Group LLC’s holdings in UGI were worth $2,241,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently modified their holdings of the stock. Public Employees Retirement Association of Colorado lifted its position in UGI by 3.4% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 33,355 shares of the utilities provider’s stock worth $1,566,000 after purchasing an additional 1,102 shares during the period. Rhumbline Advisers lifted its position in UGI by 0.4% in the third quarter. Rhumbline Advisers now owns 308,020 shares of the utilities provider’s stock worth $14,434,000 after purchasing an additional 1,116 shares during the period. Kistler Tiffany Companies LLC lifted its position in UGI by 41.6% in the fourth quarter. Kistler Tiffany Companies LLC now owns 4,224 shares of the utilities provider’s stock worth $198,000 after purchasing an additional 1,242 shares during the period. M&T Bank Corp lifted its position in UGI by 0.9% in the fourth quarter. M&T Bank Corp now owns 144,901 shares of the utilities provider’s stock worth $6,803,000 after purchasing an additional 1,242 shares during the period. Finally, Advisor Group Inc. lifted its position in UGI by 25.3% in the fourth quarter. Advisor Group Inc. now owns 8,505 shares of the utilities provider’s stock worth $400,000 after purchasing an additional 1,719 shares during the period. 78.16% of the stock is owned by hedge funds and other institutional investors.
UGI Corp (NYSE UGI) opened at $44.25 on Tuesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.85 and a current ratio of 0.98. UGI Corp has a 12 month low of $42.51 and a 12 month high of $52.00. The stock has a market capitalization of $7,600.52, a price-to-earnings ratio of 18.38, a price-to-earnings-growth ratio of 2.13 and a beta of 0.62.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, April 1st. Shareholders of record on Thursday, March 15th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.00 annualized dividend and a yield of 2.26%. UGI’s dividend payout ratio is currently 30.96%.
In related news, insider Roger Perreault acquired 2,270 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was purchased at an average cost of $43.97 per share, for a total transaction of $99,811.90. Following the completion of the purchase, the insider now directly owns 21,049 shares of the company’s stock, valued at approximately $925,524.53. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 2.36% of the company’s stock.
Several research analysts recently commented on the company. Zacks Investment Research cut UGI from a “buy” rating to a “hold” rating in a research report on Friday, January 12th. Barclays reiterated a “sell” rating and set a $47.00 price objective on shares of UGI in a research note on Friday, February 2nd. Finally, Bank of America reiterated a “buy” rating on shares of UGI in a research note on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $48.33.
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UGI Company Profile
UGI Corporation is a holding company. The Company distributes, stores, transports and markets energy products and related services. It operates through six segments. The AmeriGas Propane segment consists of the propane distribution business of AmeriGas Partners, L.P. The UGI France segment consists of the French LPG distribution business of its subsidiaries, Antargaz, Finagaz and its liquefied petroleum gases (LPG) distribution businesses.
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