UGI Co. (NYSE:UGI) Shares Sold by Coastline Trust Co

Coastline Trust Co cut its stake in shares of UGI Co. (NYSE:UGIFree Report) by 21.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 17,241 shares of the utilities provider’s stock after selling 4,845 shares during the period. Coastline Trust Co’s holdings in UGI were worth $424,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC acquired a new position in shares of UGI during the fourth quarter worth $203,745,000. Mitsubishi UFJ Trust & Banking Corp boosted its position in UGI by 503.8% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,904,763 shares of the utilities provider’s stock valued at $66,810,000 after buying an additional 2,423,713 shares during the last quarter. Norges Bank purchased a new position in UGI in the 4th quarter valued at about $58,631,000. BlackRock Inc. increased its position in shares of UGI by 3.4% during the first quarter. BlackRock Inc. now owns 35,154,665 shares of the utilities provider’s stock worth $1,221,976,000 after acquiring an additional 1,150,654 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of UGI by 5.0% in the third quarter. Vanguard Group Inc. now owns 24,130,520 shares of the utilities provider’s stock worth $780,140,000 after acquiring an additional 1,141,345 shares in the last quarter. Hedge funds and other institutional investors own 82.34% of the company’s stock.

UGI Stock Performance

UGI stock opened at $24.25 on Wednesday. The company has a quick ratio of 0.79, a current ratio of 0.98 and a debt-to-equity ratio of 1.59. UGI Co. has a 12 month low of $20.19 and a 12 month high of $35.47. The company has a fifty day moving average price of $24.13 and a two-hundred day moving average price of $23.15.

UGI (NYSE:UGIGet Free Report) last posted its quarterly earnings results on Wednesday, January 31st. The utilities provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.12 by $0.08. The business had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.98 billion. UGI had a negative net margin of 5.48% and a positive return on equity of 14.09%. On average, equities analysts anticipate that UGI Co. will post 2.9 earnings per share for the current fiscal year.

UGI Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 6.19%. The ex-dividend date of this dividend was Thursday, March 14th. UGI’s dividend payout ratio (DPR) is presently -68.18%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on UGI shares. TheStreet upgraded UGI from a “d+” rating to a “c-” rating in a research note on Wednesday, February 21st. Mizuho decreased their price target on shares of UGI from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, January 18th. Finally, Wells Fargo & Company cut shares of UGI from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $27.00 to $28.00 in a report on Thursday, March 14th.

Check Out Our Latest Stock Analysis on UGI

UGI Profile

(Free Report)

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.

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Institutional Ownership by Quarter for UGI (NYSE:UGI)

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