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

UGI Co. (NYSE:UGI) insider Michael Sharp purchased 4,806 shares of UGI stock in a transaction dated Thursday, February 27th. The shares were bought 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 approximately $160,039.80. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

UGI Stock Down 0.6 %

Shares of UGI opened at $33.96 on Tuesday. The firm has a market cap of $7.30 billion, a P/E ratio of 13.37, a price-to-earnings-growth ratio of 2.26 and a beta of 1.21. UGI Co. has a 12-month low of $22.01 and a 12-month high of $34.49. The company’s 50-day moving average price is $30.61 and its 200 day moving average price is $27.21. The company has a current ratio of 1.00, a quick ratio of 0.82 and a debt-to-equity ratio of 1.44.

UGI (NYSE:UGI) last released 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%. On average, sell-side analysts forecast that UGI Co. will post 3.02 earnings per share for the current year.

UGI Dividend Announcement

The company 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. This represents a $1.50 annualized dividend and a yield of 4.42%. The ex-dividend date is Monday, March 17th. UGI’s dividend payout ratio is currently 59.06%.

Hedge Funds Weigh In On UGI

Institutional investors have recently bought and sold shares of the company. Altshuler Shaham Ltd acquired a new position in UGI in the 4th quarter valued at about $25,000. Bessemer Group Inc. grew its position in UGI by 216.7% in the 4th quarter. Bessemer Group Inc. now owns 893 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 611 shares in the last quarter. S.A. Mason LLC acquired a new position in UGI in the 4th quarter valued at about $27,000. GeoWealth Management LLC acquired a new position in shares of UGI during the fourth quarter worth about $27,000. Finally, Flagship Wealth Advisors LLC acquired a new position in shares of UGI during the fourth quarter worth about $30,000. 82.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on UGI. Jefferies Financial Group began 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 upgraded shares of UGI from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $27.00 to $30.00 in a report on Friday, November 15th.

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.