UGI Co. (NYSE:UGI) Holdings Trimmed by Swiss National Bank

Swiss National Bank reduced its stake in shares of UGI Co. (NYSE:UGIFree Report) by 39.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 459,700 shares of the utilities provider’s stock after selling 293,900 shares during the period. Swiss National Bank owned 0.22% of UGI worth $10,573,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Moneta Group Investment Advisors LLC bought a new stake in UGI during the fourth quarter worth approximately $203,745,000. Norges Bank acquired a new stake in shares of UGI in the fourth quarter worth $58,631,000. BlackRock Inc. boosted its holdings in shares of UGI by 3.4% during the 1st quarter. BlackRock Inc. now owns 35,154,665 shares of the utilities provider’s stock worth $1,221,976,000 after buying an additional 1,150,654 shares during the period. Vanguard Group Inc. grew its stake in UGI by 5.0% in the 3rd quarter. Vanguard Group Inc. now owns 24,130,520 shares of the utilities provider’s stock valued at $780,140,000 after buying an additional 1,141,345 shares during the last quarter. Finally, State Street Corp raised its holdings in UGI by 5.5% in the 2nd quarter. State Street Corp now owns 18,567,208 shares of the utilities provider’s stock worth $507,628,000 after acquiring an additional 974,540 shares during the period. Institutional investors own 81.53% of the company’s stock.

UGI Stock Performance

NYSE UGI opened at $23.99 on Tuesday. UGI Co. has a twelve month low of $20.19 and a twelve month high of $39.98. The company has a current ratio of 0.98, a quick ratio of 0.79 and a debt-to-equity ratio of 1.59. The firm has a 50-day simple moving average of $23.55 and a 200 day simple moving average of $23.09.

UGI (NYSE:UGIGet Free Report) last announced its quarterly earnings results on Thursday, November 16th. The utilities provider reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.09. UGI had a negative net margin of 5.48% and a positive return on equity of 14.09%. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $2.02 billion. As a group, research analysts forecast that UGI Co. will post 2.84 EPS for the current fiscal year.

UGI Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 15th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, March 14th. This represents a $1.50 annualized dividend and a dividend yield of 6.25%. UGI’s dividend payout ratio (DPR) is presently -68.18%.

Wall Street Analyst Weigh In

UGI has been the topic of several research analyst reports. StockNews.com raised UGI from a “sell” rating to a “hold” rating in a research report on Thursday, November 23rd. Mizuho reduced their price objective on UGI from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, January 18th.

View Our Latest Stock Analysis on UGI

UGI Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for UGI (NYSE:UGI)

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