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

HBK Sorce Advisory LLC boosted its position in UGI Co. (NYSE:UGI) by 11.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,253 shares of the utilities provider’s stock after acquiring an additional 1,075 shares during the period. HBK Sorce Advisory LLC’s holdings in UGI were worth $289,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of UGI. S.A. Mason LLC bought a new stake in shares of UGI during the fourth quarter valued at approximately $27,000. Golden State Wealth Management LLC bought a new stake in shares of UGI during the fourth quarter valued at approximately $36,000. Vision Financial Markets LLC bought a new stake in UGI during the fourth quarter worth $36,000. SBI Securities Co. Ltd. bought a new stake in UGI during the fourth quarter worth $37,000. Finally, UMB Bank n.a. grew its holdings in UGI by 67.1% during the fourth quarter. UMB Bank n.a. now owns 1,345 shares of the utilities provider’s stock worth $38,000 after buying an additional 540 shares in the last quarter. Institutional investors own 82.34% of the company’s stock.

UGI Stock Up 3.6 %

UGI stock opened at $33.14 on Friday. The stock’s fifty day simple moving average is $31.43 and its two-hundred day simple moving average is $27.70. 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 Co. has a 1-year low of $22.01 and a 1-year high of $34.49. The stock has a market cap of $7.12 billion, a P/E ratio of 13.05, a P/E/G ratio of 2.26 and a beta of 1.17.

UGI (NYSE:UGI) last posted its quarterly earnings data on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share for the quarter, topping 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%. Analysts expect that UGI Co. will post 3.02 EPS for the current year.

UGI Dividend Announcement

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 given a dividend of $0.375 per share. The ex-dividend date is Monday, March 17th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.53%. UGI’s dividend payout ratio is presently 59.06%.

Insider Activity

In other news, insider Michael Sharp purchased 4,806 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were purchased at an average price of $33.30 per share, with a total value of $160,039.80. Following the transaction, the insider now directly owns 4,806 shares of the company’s stock, valued at approximately $160,039.80. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.73% of the company’s stock.

Analyst Ratings Changes

Separately, Jefferies Financial Group started coverage on UGI in a report on Friday, November 22nd. They set a “buy” rating and a $28.00 price target for the company.

UGI Company 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.