Sciencast Management LP Boosts Position in UGI Corp (NYSE:UGI)
Sciencast Management LP boosted its holdings in shares of UGI Corp (NYSE:UGI) by 415.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 30,412 shares of the utilities provider’s stock after purchasing an additional 24,512 shares during the quarter. Sciencast Management LP’s holdings in UGI were worth $1,337,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Signaturefd LLC increased its holdings in shares of UGI by 214.8% during the 3rd quarter. Signaturefd LLC now owns 573 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 391 shares in the last quarter. Atwater Malick LLC purchased a new position in shares of UGI during the 3rd quarter valued at approximately $31,000. Liberty Wealth Management LLC purchased a new position in shares of UGI during the 3rd quarter valued at approximately $31,000. Financial Architects Inc increased its holdings in shares of UGI by 134.9% during the 3rd quarter. Financial Architects Inc now owns 754 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 433 shares in the last quarter. Finally, Bogart Wealth LLC purchased a new position in shares of UGI during the 3rd quarter valued at approximately $40,000. 76.05% of the stock is owned by institutional investors.
Shares of UGI stock opened at $44.23 on Thursday. The company’s 50-day moving average price is $44.22 and its 200-day moving average price is $47.71. The company has a current ratio of 0.77, a quick ratio of 0.66 and a debt-to-equity ratio of 1.51. The stock has a market cap of $9.22 billion, a price-to-earnings ratio of 19.40 and a beta of 0.51. UGI Corp has a twelve month low of $40.52 and a twelve month high of $57.28.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Monday, December 16th were given a dividend of $0.325 per share. The ex-dividend date was Friday, December 13th. This represents a $1.30 annualized dividend and a dividend yield of 2.94%. UGI’s payout ratio is 57.02%.
UGI has been the subject of several recent research reports. ValuEngine lowered shares of UGI from a “buy” rating to a “hold” rating in a report on Tuesday, December 3rd. Barclays reissued a “sell” rating and issued a $46.00 price target on shares of UGI in a report on Thursday, December 19th. Finally, UBS Group lowered their target price on shares of UGI from $56.00 to $54.00 and set a “buy” rating on the stock in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $54.50.
In other news, Director Frank S. Hermance purchased 93,731 shares of the stock in a transaction dated Thursday, November 14th. The shares were purchased at an average price of $42.48 per share, with a total value of $3,981,692.88. Following the transaction, the director now owns 343,731 shares in the company, valued at approximately $14,601,692.88. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Roger Perreault purchased 2,357 shares of the stock in a transaction dated Thursday, November 14th. The shares were purchased at an average cost of $42.45 per share, for a total transaction of $100,054.65. Following the transaction, the executive vice president now owns 25,481 shares in the company, valued at approximately $1,081,668.45. The disclosure for this purchase can be found here. Insiders own 0.70% of the company’s stock.
UGI Company Profile
UGI Corporation 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 1.7 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,900 propane distribution locations; and sells, installs, and services propane appliances, including heating systems and propane-powered generators.
Read More: What are municipal bonds?
Want to see what other hedge funds are holding UGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UGI Corp (NYSE:UGI).
Receive News & Ratings for UGI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UGI and related companies with MarketBeat.com's FREE daily email newsletter.