Quintet Private Bank Europe S.A. Takes Position in UGI Co. (NYSE:UGI)

Quintet Private Bank Europe S.A. purchased a new stake in shares of UGI Co. (NYSE:UGI) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 1,500 shares of the utilities provider’s stock, valued at approximately $42,000.

Several other institutional investors have also made changes to their positions in the company. US Bancorp DE lifted its holdings in shares of UGI by 3.7% during the 4th quarter. US Bancorp DE now owns 10,826 shares of the utilities provider’s stock valued at $306,000 after buying an additional 388 shares during the last quarter. Easterly Investment Partners LLC raised its stake in shares of UGI by 0.8% in the 3rd quarter. Easterly Investment Partners LLC now owns 59,238 shares of the utilities provider’s stock valued at $1,482,000 after acquiring an additional 450 shares in the last quarter. Hourglass Capital LLC raised its stake in shares of UGI by 0.6% in the 4th quarter. Hourglass Capital LLC now owns 82,520 shares of the utilities provider’s stock valued at $2,330,000 after acquiring an additional 470 shares in the last quarter. Wright Investors Service Inc. raised its stake in shares of UGI by 1.3% in the 4th quarter. Wright Investors Service Inc. now owns 37,206 shares of the utilities provider’s stock valued at $1,050,000 after acquiring an additional 484 shares in the last quarter. Finally, MetLife Investment Management LLC raised its stake in shares of UGI by 0.4% in the 3rd quarter. MetLife Investment Management LLC now owns 110,875 shares of the utilities provider’s stock valued at $2,774,000 after acquiring an additional 489 shares in the last quarter. 82.34% of the stock is currently owned by institutional investors and hedge funds.

UGI Stock Performance

Shares of NYSE UGI opened at $33.96 on Tuesday. UGI Co. has a 12 month low of $22.01 and a 12 month high of $34.49. The company has a market cap of $7.30 billion, a P/E ratio of 13.37, a P/E/G ratio of 2.26 and a beta of 1.21. The business’s 50 day moving average is $30.61 and its two-hundred day moving average is $27.21. 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 (NYSE:UGI) last announced 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%. On average, equities analysts expect that UGI Co. will post 3.02 EPS for the current year.

UGI Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 4.42%. The ex-dividend date of this dividend is Monday, March 17th. UGI’s dividend payout ratio is 59.06%.

Insiders Place Their Bets

In other UGI news, insider Michael Sharp acquired 4,806 shares of UGI stock in a transaction on Thursday, February 27th. The shares were bought at an average price 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 in the company, valued at $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 available through the SEC website. Insiders own 0.73% of the company’s stock.

Wall Street Analyst Weigh In

UGI has been the topic of a number of recent analyst reports. Jefferies Financial Group began coverage on UGI in a research note on Friday, November 22nd. They issued a “buy” rating and a $28.00 price objective on the stock. Mizuho raised UGI from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $27.00 to $30.00 in a research report on Friday, November 15th.

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.