SG Americas Securities LLC cut its position in shares of UGI Co. (NYSE:UGI – Get Rating) by 52.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,721 shares of the utilities provider’s stock after selling 16,397 shares during the period. SG Americas Securities LLC’s holdings in UGI were worth $533,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in UGI. State Street Corp boosted its stake in UGI by 6.5% during the fourth quarter. State Street Corp now owns 13,901,295 shares of the utilities provider’s stock valued at $642,915,000 after buying an additional 844,167 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in UGI by 65.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,362,863 shares of the utilities provider’s stock valued at $62,569,000 after buying an additional 539,149 shares during the last quarter. Thompson Siegel & Walmsley LLC boosted its stake in UGI by 23.3% during the first quarter. Thompson Siegel & Walmsley LLC now owns 2,549,573 shares of the utilities provider’s stock valued at $92,345,000 after buying an additional 482,094 shares during the last quarter. Victory Capital Management Inc. boosted its stake in UGI by 77.0% during the fourth quarter. Victory Capital Management Inc. now owns 1,072,437 shares of the utilities provider’s stock valued at $49,235,000 after buying an additional 466,583 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in UGI by 10.9% during the fourth quarter. Geode Capital Management LLC now owns 3,131,188 shares of the utilities provider’s stock valued at $143,562,000 after buying an additional 307,930 shares during the last quarter. 79.91% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised UGI from a “sell” rating to a “hold” rating in a research note on Saturday, May 14th.
Insider Buying and Selling
UGI Price Performance
Shares of UGI stock opened at $40.99 on Friday. UGI Co. has a 52-week low of $33.04 and a 52-week high of $48.55. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.50 and a current ratio of 1.66. The firm has a market capitalization of $8.61 billion, a P/E ratio of 5.86, a P/E/G ratio of 1.86 and a beta of 0.98. The stock has a 50 day moving average price of $40.86 and a 200 day moving average price of $39.15.
UGI (NYSE:UGI – Get Rating) last issued its quarterly earnings results on Wednesday, May 4th. The utilities provider reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.88 by $0.03. UGI had a return on equity of 10.80% and a net margin of 16.65%. The firm had revenue of $3.47 billion during the quarter. As a group, sell-side analysts predict that UGI Co. will post 2.88 earnings per share for the current year.
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 1.4 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,600 propane distribution location.
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