Vanguard Personalized Indexing Management LLC Purchases 17,722 Shares of UGI Co. (NYSE:UGI)

Vanguard Personalized Indexing Management LLC raised its position in UGI Co. (NYSE:UGIFree Report) by 72.7% during the third quarter, Holdings Channel.com reports. The fund owned 42,097 shares of the utilities provider’s stock after purchasing an additional 17,722 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in UGI were worth $968,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of UGI. Stonebridge Capital Advisors LLC increased its position in shares of UGI by 165.4% during the fourth quarter. Stonebridge Capital Advisors LLC now owns 690 shares of the utilities provider’s stock valued at $26,000 after buying an additional 430 shares during the period. ICA Group Wealth Management LLC purchased a new position in shares of UGI during the fourth quarter valued at about $29,000. UniSuper Management Pty Ltd purchased a new position in shares of UGI during the second quarter valued at about $40,000. Bessemer Group Inc. increased its position in shares of UGI by 236.8% during the second quarter. Bessemer Group Inc. now owns 1,492 shares of the utilities provider’s stock valued at $41,000 after buying an additional 1,049 shares during the period. Finally, Fifth Third Bancorp increased its position in shares of UGI by 92.8% during the third quarter. Fifth Third Bancorp now owns 2,075 shares of the utilities provider’s stock valued at $48,000 after buying an additional 999 shares during the period. Hedge funds and other institutional investors own 81.53% of the company’s stock.

UGI Stock Performance

Shares of NYSE UGI opened at $23.99 on Tuesday. The firm’s 50 day moving average price is $23.55 and its 200-day moving average price is $23.09. UGI Co. has a 52-week low of $20.19 and a 52-week high of $39.98. The company has a current ratio of 0.98, a quick ratio of 0.79 and a debt-to-equity ratio of 1.59.

UGI (NYSE:UGIGet Free Report) last issued its earnings results on Thursday, November 16th. The utilities provider reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.09. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $2.02 billion. UGI had a negative net margin of 5.48% and a positive return on equity of 14.09%. On average, research analysts forecast that UGI Co. will post 2.84 earnings per share for the current year.

UGI Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 15th will be issued a dividend of $0.375 per share. The ex-dividend date is Thursday, March 14th. This represents a $1.50 annualized dividend and a dividend yield of 6.25%. UGI’s payout ratio is -68.18%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. StockNews.com upgraded shares of UGI from a “sell” rating to a “hold” rating in a research report on Thursday, November 23rd. Mizuho dropped their price objective on shares of UGI from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday, January 18th.

Get Our Latest Research Report on UGI

About UGI

(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.

Featured Stories

Want to see what other hedge funds are holding UGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UGI Co. (NYSE:UGIFree Report).

Institutional Ownership by Quarter for UGI (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.