Alaska Permanent Fund Corp Increases Holdings in UGI Co. (NYSE:UGI)

Alaska Permanent Fund Corp grew its holdings in UGI Co. (NYSE:UGI) by 7.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 84,941 shares of the utilities provider’s stock after acquiring an additional 5,541 shares during the period. Alaska Permanent Fund Corp’s holdings in UGI were worth $2,090,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Treasurer of the State of North Carolina lifted its position in shares of UGI by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 91,762 shares of the utilities provider’s stock worth $2,111,000 after buying an additional 470 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in shares of UGI by 2.5% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 21,623 shares of the utilities provider’s stock worth $497,000 after buying an additional 526 shares in the last quarter. Jacobi Capital Management LLC lifted its position in shares of UGI by 1.9% in the third quarter. Jacobi Capital Management LLC now owns 33,036 shares of the utilities provider’s stock worth $760,000 after buying an additional 621 shares in the last quarter. Fulton Bank N.A. lifted its position in shares of UGI by 3.6% in the fourth quarter. Fulton Bank N.A. now owns 18,171 shares of the utilities provider’s stock worth $447,000 after buying an additional 634 shares in the last quarter. Finally, Yousif Capital Management LLC lifted its position in shares of UGI by 0.7% in the fourth quarter. Yousif Capital Management LLC now owns 103,131 shares of the utilities provider’s stock worth $2,537,000 after buying an additional 678 shares in the last quarter. 82.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Wells Fargo & Company cut UGI from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $27.00 to $28.00 in a research note on Thursday, March 14th. StockNews.com cut UGI from a “buy” rating to a “hold” rating in a research note on Thursday, April 18th. Mizuho boosted their price objective on UGI from $26.00 to $27.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. Finally, TheStreet raised UGI from a “d+” rating to a “c-” rating in a research note on Wednesday, February 21st.

UGI Trading Up 0.1 %

UGI opened at $25.76 on Friday. The stock has a market cap of $5.40 billion, a price-to-earnings ratio of -11.70 and a beta of 1.16. The stock’s 50 day moving average price is $24.53 and its 200-day moving average price is $23.33. UGI Co. has a one year low of $20.19 and a one year high of $34.26. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.79 and a current ratio of 0.98.

UGI (NYSE:UGI) last released its earnings results on Wednesday, January 31st. The utilities provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.08. The firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.98 billion. UGI had a positive return on equity of 14.09% and a negative net margin of 5.48%. On average, equities analysts forecast that UGI Co. will post 2.9 EPS for the current year.

UGI Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were paid a dividend of $0.375 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 5.82%. UGI’s dividend payout ratio is -68.18%.

About UGI

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.