State of Alaska Department of Revenue Reduces Stake in UGI Co. (NYSE:UGI)

State of Alaska Department of Revenue lowered its holdings in UGI Co. (NYSE:UGI) by 9.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 22,621 shares of the utilities provider’s stock after selling 2,270 shares during the quarter. State of Alaska Department of Revenue’s holdings in UGI were worth $556,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Stonebridge Capital Advisors LLC lifted its holdings in UGI by 165.4% in the 4th quarter. Stonebridge Capital Advisors LLC now owns 690 shares of the utilities provider’s stock worth $26,000 after buying an additional 430 shares during the period. ICA Group Wealth Management LLC purchased a new position in shares of UGI in the 4th quarter valued at approximately $29,000. Rockefeller Capital Management L.P. lifted its stake in shares of UGI by 1,379.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,346 shares of the utilities provider’s stock valued at $49,000 after purchasing an additional 1,255 shares during the period. UniSuper Management Pty Ltd purchased a new position in shares of UGI in the 2nd quarter valued at approximately $40,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of UGI by 35.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,500 shares of the utilities provider’s stock valued at $56,000 after purchasing an additional 391 shares during the period. Hedge funds and other institutional investors own 82.34% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Wells Fargo & Company cut UGI from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $27.00 to $28.00 in a research note on Thursday, March 14th. StockNews.com upgraded UGI from a “hold” rating to a “buy” rating in a research note on Monday. TheStreet upgraded UGI from a “d+” rating to a “c-” rating in a research note on Wednesday, February 21st. Finally, Mizuho lowered their price objective on UGI from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, January 18th.

UGI Stock Down 0.9 %

Shares of NYSE:UGI opened at $24.02 on Friday. The stock has a fifty day simple moving average of $24.36 and a two-hundred day simple moving average of $23.18. The stock has a market capitalization of $5.03 billion, a price-to-earnings ratio of -10.92 and a beta of 1.16. UGI Co. has a 12-month low of $20.19 and a 12-month high of $35.37. 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:UGI) last announced its quarterly earnings data on Wednesday, January 31st. The utilities provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.08. The business had revenue of $2.12 billion during 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, research analysts anticipate that UGI Co. will post 2.9 earnings per share for the current fiscal year.

UGI Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.25%. The ex-dividend date was Thursday, March 14th. UGI’s payout ratio is -68.18%.

UGI Company Profile

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.