Legal & General Group Plc grew its holdings in UGI Corp (NYSE:UGI) by 14.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 422,794 shares of the utilities provider’s stock after acquiring an additional 52,753 shares during the period. Legal & General Group Plc’s holdings in UGI were worth $22,556,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also added to or reduced their stakes in UGI. Oregon Public Employees Retirement Fund lifted its position in shares of UGI by 5,235.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,630,734 shares of the utilities provider’s stock valued at $68,000 after buying an additional 3,562,679 shares during the last quarter. Federated Investors Inc. PA increased its stake in shares of UGI by 739.0% during the third quarter. Federated Investors Inc. PA now owns 680,309 shares of the utilities provider’s stock worth $37,743,000 after purchasing an additional 599,223 shares during the period. Man Group plc increased its stake in shares of UGI by 69.4% during the third quarter. Man Group plc now owns 1,243,256 shares of the utilities provider’s stock worth $68,976,000 after purchasing an additional 509,232 shares during the period. BlackRock Inc. increased its stake in shares of UGI by 1.8% during the fourth quarter. BlackRock Inc. now owns 17,414,409 shares of the utilities provider’s stock worth $929,060,000 after purchasing an additional 304,579 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of UGI by 160.7% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 429,075 shares of the utilities provider’s stock worth $22,868,000 after purchasing an additional 264,463 shares during the period. 80.86% of the stock is owned by institutional investors.
Shares of NYSE UGI opened at $55.39 on Tuesday. The company has a market cap of $9.63 billion, a PE ratio of 20.22, a PEG ratio of 2.61 and a beta of 0.62. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.89 and a current ratio of 1.03. UGI Corp has a 1-year low of $43.60 and a 1-year high of $59.31.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were paid a $0.26 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.04 annualized dividend and a dividend yield of 1.88%. UGI’s payout ratio is 37.96%.
UGI has been the topic of a number of recent research reports. ValuEngine upgraded UGI from a “hold” rating to a “buy” rating in a research note on Friday, December 7th. UBS Group lowered UGI from a “buy” rating to a “neutral” rating and set a $63.00 target price on the stock. in a research note on Thursday, December 13th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $55.60.
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UGI Corporation 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 1.7 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,900 propane distribution locations; and sells, installs, and services propane appliances, including heating systems and propane-powered generators.
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