EverSource Wealth Advisors LLC Buys 1,260 Shares of UGI Co. (NYSE:UGI)

EverSource Wealth Advisors LLC boosted its stake in shares of UGI Co. (NYSE:UGI) by 18.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,063 shares of the utilities provider’s stock after acquiring an additional 1,260 shares during the period. EverSource Wealth Advisors LLC’s holdings in UGI were worth $228,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UGI. HighTower Advisors LLC increased its position in shares of UGI by 7.6% in the fourth quarter. HighTower Advisors LLC now owns 111,795 shares of the utilities provider’s stock worth $3,156,000 after purchasing an additional 7,895 shares during the period. Inspire Advisors LLC grew its stake in UGI by 13.0% during the fourth quarter. Inspire Advisors LLC now owns 88,728 shares of the utilities provider’s stock worth $2,505,000 after buying an additional 10,203 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in UGI by 31.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 61,286 shares of the utilities provider’s stock valued at $1,730,000 after buying an additional 14,504 shares during the period. Kendall Capital Management raised its position in shares of UGI by 43.9% in the 4th quarter. Kendall Capital Management now owns 22,520 shares of the utilities provider’s stock valued at $636,000 after buying an additional 6,865 shares in the last quarter. Finally, Amundi lifted its holdings in shares of UGI by 7.0% during the 4th quarter. Amundi now owns 60,598 shares of the utilities provider’s stock worth $1,726,000 after acquiring an additional 3,945 shares during the period. 82.34% of the stock is owned by institutional investors and hedge funds.

UGI Stock Performance

UGI stock opened at $33.14 on Monday. The stock has a market cap of $7.12 billion, a PE ratio of 13.05, a P/E/G ratio of 2.26 and a beta of 1.17. The company has a quick ratio of 0.82, a current ratio of 1.00 and a debt-to-equity ratio of 1.44. UGI Co. has a 12-month low of $22.01 and a 12-month high of $34.49. The business’s 50-day moving average price is $31.43 and its two-hundred day moving average price is $27.72.

UGI (NYSE:UGI) last released its quarterly earnings data 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 net margin of 7.73% and a return on equity of 15.19%. As a group, analysts expect that UGI Co. will post 3.02 earnings per share for the current fiscal year.

UGI Announces Dividend

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

Insider Buying and Selling

In other news, insider Michael Sharp purchased 4,806 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were purchased at an average cost of $33.30 per share, with a total value of $160,039.80. Following the completion of the purchase, the insider now owns 4,806 shares of the company’s stock, valued at $160,039.80. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.73% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, Jefferies Financial Group assumed coverage on shares of UGI in a research note on Friday, November 22nd. They issued a “buy” rating and a $28.00 price objective on the stock.

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.