WBI Investments LLC Decreases Stock Holdings in UGI Co. (NYSE:UGI)

WBI Investments LLC trimmed its holdings in UGI Co. (NYSE:UGI) by 40.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,747 shares of the utilities provider’s stock after selling 31,008 shares during the period. WBI Investments LLC’s holdings in UGI were worth $1,263,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of UGI during the 4th quarter worth about $103,115,000. FMR LLC raised its position in shares of UGI by 22.4% during the 4th quarter. FMR LLC now owns 11,529,202 shares of the utilities provider’s stock worth $325,469,000 after purchasing an additional 2,110,337 shares during the last quarter. Corvex Management LP purchased a new position in shares of UGI during the fourth quarter valued at approximately $55,354,000. Pictet Asset Management Holding SA lifted its holdings in shares of UGI by 5,776.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,739,419 shares of the utilities provider’s stock worth $49,104,000 after acquiring an additional 1,709,820 shares during the period. Finally, Neuberger Berman Group LLC increased its position in shares of UGI by 5,215.3% in the fourth quarter. Neuberger Berman Group LLC now owns 1,560,265 shares of the utilities provider’s stock worth $44,046,000 after acquiring an additional 1,530,911 shares in the last quarter. Hedge funds and other institutional investors own 82.34% of the company’s stock.

UGI Stock Up 0.5%

Shares of NYSE:UGI opened at $35.48 on Monday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.82 and a current ratio of 1.00. The company has a market capitalization of $7.61 billion, a PE ratio of 13.97, a PEG ratio of 2.26 and a beta of 1.05. The company has a 50 day moving average price of $32.87 and a two-hundred day moving average price of $30.47. UGI Co. has a 52 week low of $22.01 and a 52 week high of $35.50.

UGI (NYSE:UGI) last posted its quarterly earnings results on Wednesday, May 7th. The utilities provider reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.41. The business had revenue of $2.67 billion for the quarter, compared to analysts’ expectations of $3.26 billion. UGI had a return on equity of 15.19% and a net margin of 7.73%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.97 EPS. Analysts forecast that UGI Co. will post 3.02 earnings per share for the current year.

UGI Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 16th will be given a dividend of $0.375 per share. The ex-dividend date is Monday, June 16th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.23%. UGI’s dividend payout ratio (DPR) is presently 61.73%.

Insider Buying and Selling at UGI

In other UGI news, insider Michael Sharp bought 4,806 shares of UGI stock in a transaction dated Thursday, February 27th. The stock was purchased at an average price of $33.30 per share, for a total transaction of $160,039.80. Following the completion of the purchase, the insider now directly owns 4,806 shares of the company’s stock, valued at approximately $160,039.80. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.73% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on UGI. Mizuho boosted their price objective on UGI from $38.00 to $39.00 and gave the stock an “outperform” rating in a research report on Thursday. StockNews.com upgraded shares of UGI from a “hold” rating to a “buy” rating in a report on Thursday.

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.