UGI Co. (NYSE:UGI) Insider Michael Sharp Buys 4,806 Shares

UGI Co. (NYSE:UGI) insider Michael Sharp purchased 4,806 shares of the stock in a transaction on Thursday, February 27th. The shares were acquired at an average cost of $33.30 per share, for a total transaction of $160,039.80. Following the transaction, the insider now owns 4,806 shares of the company’s stock, valued at approximately $160,039.80. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

UGI Price Performance

UGI stock opened at $33.12 on Thursday. The company has a current ratio of 1.00, a quick ratio of 0.82 and a debt-to-equity ratio of 1.44. The stock’s 50 day moving average is $30.82 and its 200-day moving average is $27.31. UGI Co. has a 12 month low of $22.01 and a 12 month high of $34.49. The company has a market capitalization of $7.11 billion, a price-to-earnings ratio of 13.04, a PEG ratio of 2.26 and a beta of 1.21.

UGI (NYSE:UGI) last issued its quarterly earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.16. UGI had a return on equity of 15.19% and a net margin of 7.73%. Equities research analysts expect that UGI Co. will post 3.02 EPS for the current year.

UGI Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on UGI shares. Jefferies Financial Group started coverage on shares of UGI in a report on Friday, November 22nd. They issued a “buy” rating and a $28.00 price objective on the stock. Mizuho raised UGI from a “neutral” rating to an “outperform” rating and upped their target price for the company from $27.00 to $30.00 in a research report on Friday, November 15th.

Institutional Trading of UGI

A number of hedge funds have recently made changes to their positions in UGI. Citigroup Inc. lifted its holdings in shares of UGI by 33.0% during the third quarter. Citigroup Inc. now owns 203,313 shares of the utilities provider’s stock worth $5,087,000 after purchasing an additional 50,485 shares during the period. International Assets Investment Management LLC lifted its stake in shares of UGI by 2,402.0% in the third quarter. International Assets Investment Management LLC now owns 26,046 shares of the utilities provider’s stock worth $652,000 after acquiring an additional 25,005 shares during the period. FMR LLC lifted its stake in shares of UGI by 42.0% in the third 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 period. JPMorgan Chase & Co. lifted its stake in shares of UGI by 35.1% in the third quarter. JPMorgan Chase & Co. now owns 1,227,732 shares of the utilities provider’s stock worth $30,718,000 after acquiring an additional 318,655 shares during the period. Finally, Commerce Bank acquired a new position in shares of UGI in the third quarter worth approximately $645,000. 82.34% of the stock is owned by institutional investors and hedge funds.

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.