Public Employees Retirement Association of Colorado boosted its holdings in shares of UGI Corp (NYSE:UGI) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,355 shares of the utilities provider’s stock after purchasing an additional 1,102 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in UGI were worth $1,566,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Cerebellum GP LLC bought a new stake in UGI during the 4th quarter valued at approximately $123,000. Kistler Tiffany Companies LLC boosted its stake in UGI by 41.6% during the 4th quarter. Kistler Tiffany Companies LLC now owns 4,224 shares of the utilities provider’s stock valued at $198,000 after purchasing an additional 1,242 shares during the period. Acropolis Investment Management LLC bought a new stake in UGI during the 4th quarter valued at approximately $248,000. Quantitative Systematic Strategies LLC bought a new stake in UGI during the 4th quarter valued at approximately $311,000. Finally, Moneta Group Investment Advisors LLC bought a new stake in UGI during the 3rd quarter valued at approximately $323,000. Hedge funds and other institutional investors own 77.42% of the company’s stock.
Shares of UGI Corp (NYSE UGI) opened at $43.70 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.98 and a debt-to-equity ratio of 0.99. UGI Corp has a 52-week low of $42.51 and a 52-week high of $52.00. The company has a market capitalization of $7,574.57, a P/E ratio of 13.53 and a beta of 0.58.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, April 1st. Shareholders of record on Thursday, March 15th will be given a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.29%. UGI’s dividend payout ratio is currently 30.96%.
In other news, insider Roger Perreault acquired 2,270 shares of UGI stock in a transaction on Wednesday, February 7th. The stock was bought at an average price of $43.97 per share, for a total transaction of $99,811.90. Following the transaction, the insider now owns 21,049 shares of the company’s stock, valued at $925,524.53. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 2.36% of the stock is currently owned by company insiders.
UGI has been the subject of several recent analyst reports. Barclays restated a “sell” rating and set a $47.00 target price on shares of UGI in a research note on Friday, February 2nd. Zacks Investment Research upgraded UGI from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Friday, December 22nd.
UGI Company Profile
UGI Corporation is a holding company. The Company distributes, stores, transports and markets energy products and related services. It operates through six segments. The AmeriGas Propane segment consists of the propane distribution business of AmeriGas Partners, L.P. The UGI France segment consists of the French LPG distribution business of its subsidiaries, Antargaz, Finagaz and its liquefied petroleum gases (LPG) distribution businesses.
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