HBK Sorce Advisory LLC Buys 1,075 Shares of UGI Co. (NYSE:UGI)

HBK Sorce Advisory LLC lifted its stake in shares of UGI Co. (NYSE:UGI) by 11.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,253 shares of the utilities provider’s stock after purchasing an additional 1,075 shares during the quarter. HBK Sorce Advisory LLC’s holdings in UGI were worth $289,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in UGI. FMR LLC increased its stake in UGI by 42.0% in the 3rd quarter. FMR LLC now owns 9,418,865 shares of the utilities provider’s stock worth $235,660,000 after acquiring an additional 2,786,878 shares during the last quarter. Hennessy Advisors Inc. increased its position in shares of UGI by 2,050.9% during the 4th quarter. Hennessy Advisors Inc. now owns 2,375,752 shares of the utilities provider’s stock valued at $67,067,000 after purchasing an additional 2,265,300 shares during the last quarter. Geode Capital Management LLC increased its position in shares of UGI by 33.8% during the 3rd quarter. Geode Capital Management LLC now owns 4,762,970 shares of the utilities provider’s stock valued at $127,246,000 after purchasing an additional 1,202,938 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of UGI by 47.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,503,214 shares of the utilities provider’s stock valued at $62,630,000 after purchasing an additional 808,113 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its position in shares of UGI by 105.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,507,263 shares of the utilities provider’s stock valued at $37,712,000 after purchasing an additional 774,770 shares during the last quarter. 82.34% of the stock is currently owned by institutional investors.

Insider Activity at UGI

In other UGI news, insider Michael Sharp acquired 4,806 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was acquired at an average price of $33.30 per share, for a total transaction of $160,039.80. Following the acquisition, the insider now owns 4,806 shares in the company, valued at $160,039.80. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.73% of the stock is currently owned by company insiders.

UGI Trading Up 3.6 %

Shares of UGI stock opened at $33.14 on Friday. The stock has a market capitalization of $7.12 billion, a PE ratio of 13.05, a P/E/G ratio of 2.26 and a beta of 1.17. UGI Co. has a 1-year low of $22.01 and a 1-year high of $34.49. The business has a 50-day moving average of $31.43 and a 200 day moving average of $27.70. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.00 and a quick ratio of 0.82.

UGI (NYSE:UGI) last issued its earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.16. UGI had a return on equity of 15.19% and a net margin of 7.73%. As a group, sell-side analysts anticipate that UGI Co. will post 3.02 earnings per share for the current year.

UGI Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 4.53%. The ex-dividend date of this dividend is Monday, March 17th. UGI’s dividend payout ratio is presently 59.06%.

Analysts Set New Price Targets

Separately, Jefferies Financial Group began coverage on UGI in a research report on Friday, November 22nd. They set a “buy” rating and a $28.00 price objective on the stock.

UGI Profile

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.