EverSource Wealth Advisors LLC Buys 1,260 Shares of UGI Co. (NYSE:UGI)

EverSource Wealth Advisors LLC boosted its stake in UGI Co. (NYSE:UGI) by 18.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 8,063 shares of the utilities provider’s stock after acquiring an additional 1,260 shares during the period. EverSource Wealth Advisors LLC’s holdings in UGI were worth $228,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in UGI. S.A. Mason LLC acquired a new stake in shares of UGI during the fourth quarter worth $27,000. Golden State Wealth Management LLC bought a new stake in UGI during the fourth quarter valued at $36,000. Vision Financial Markets LLC acquired a new stake in UGI during the 4th quarter worth about $36,000. SBI Securities Co. Ltd. bought a new position in shares of UGI in the 4th quarter worth about $37,000. Finally, UMB Bank n.a. raised its position in shares of UGI by 67.1% in the 4th quarter. UMB Bank n.a. now owns 1,345 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 540 shares in the last quarter. Institutional investors and hedge funds own 82.34% of the company’s stock.

UGI Trading Up 3.6 %

NYSE:UGI opened at $33.14 on Monday. The firm has a fifty day simple moving average of $31.43 and a two-hundred day simple moving average of $27.72. UGI Co. has a 12 month low of $22.01 and a 12 month high of $34.49. The stock has a market capitalization of $7.12 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 2.26 and a beta of 1.17. 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 issued its earnings results on Wednesday, February 5th. The utilities provider reported $1.37 EPS for the quarter, beating analysts’ consensus estimates 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 fiscal year.

UGI Announces Dividend

The company also recently announced 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. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.53%. The ex-dividend date of this dividend is Monday, March 17th. UGI’s payout ratio is 59.06%.

Insider Buying and Selling

In other UGI news, insider Michael Sharp acquired 4,806 shares of the stock in a transaction on Thursday, February 27th. The shares were purchased at an average price of $33.30 per share, for a total transaction of $160,039.80. Following the completion of the acquisition, the insider now owns 4,806 shares in the company, valued at approximately $160,039.80. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.73% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

UGI 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.