First National Trust Co Grows Position in UGI Co. (NYSE:UGI)

First National Trust Co boosted its stake in UGI Co. (NYSE:UGI) by 78.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 46,471 shares of the utilities provider’s stock after buying an additional 20,400 shares during the period. First National Trust Co’s holdings in UGI were worth $1,312,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Venturi Wealth Management LLC lifted its holdings in shares of UGI by 1,537.2% in the 3rd quarter. Venturi Wealth Management LLC now owns 3,258 shares of the utilities provider’s stock worth $82,000 after acquiring an additional 3,059 shares during the last quarter. Entropy Technologies LP raised its position in UGI by 217.1% in the third quarter. Entropy Technologies LP now owns 32,429 shares of the utilities provider’s stock valued at $811,000 after purchasing an additional 22,201 shares during the period. Victory Capital Management Inc. lifted its stake in UGI by 9.0% during the third quarter. Victory Capital Management Inc. now owns 1,471,142 shares of the utilities provider’s stock worth $36,808,000 after purchasing an additional 121,039 shares in the last quarter. KBC Group NV boosted its position in shares of UGI by 7.5% during the third quarter. KBC Group NV now owns 104,291 shares of the utilities provider’s stock worth $2,609,000 after buying an additional 7,274 shares during the period. Finally, Connable Office Inc. acquired a new stake in shares of UGI in the third quarter valued at $251,000. Institutional investors and hedge funds own 82.34% of the company’s stock.

UGI Price Performance

UGI stock opened at $33.14 on Friday. UGI Co. has a 1 year low of $22.01 and a 1 year high of $34.49. The firm has a market capitalization of $7.12 billion, a P/E ratio of 13.05, a P/E/G ratio of 2.26 and a beta of 1.17. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.00 and a quick ratio of 0.82. The business’s 50-day moving average is $31.43 and its two-hundred day moving average is $27.68.

UGI (NYSE:UGI) last issued its quarterly earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.16. UGI had a net margin of 7.73% and a return on equity of 15.19%. Analysts anticipate that UGI Co. will post 3.02 earnings per share for the current fiscal year.

UGI Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 4.53%. The ex-dividend date of this dividend is Monday, March 17th. UGI’s dividend payout ratio (DPR) is presently 59.06%.

Insider Buying and Selling at UGI

In related news, insider Michael Sharp bought 4,806 shares of the stock in a transaction dated Thursday, February 27th. The stock was acquired at an average price of $33.30 per share, for a total transaction of $160,039.80. Following the acquisition, the insider now owns 4,806 shares in the company, valued at approximately $160,039.80. This represents a ? increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.73% of the stock is owned by insiders.

Wall Street Analyst Weigh In

UGI has been the topic of several research reports. Jefferies Financial Group assumed coverage on UGI in a research note on Friday, November 22nd. They set a “buy” rating and a $28.00 target price on the stock. Mizuho upgraded shares of UGI from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $27.00 to $30.00 in a report on Friday, November 15th.

UGI 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.