Harvest Fund Management Co. Ltd Takes $732,000 Position in UGI Co. (NYSE:UGI)

Harvest Fund Management Co. Ltd purchased a new stake in shares of UGI Co. (NYSE:UGI) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 25,911 shares of the utilities provider’s stock, valued at approximately $732,000.

Several other hedge funds also recently modified their holdings of UGI. S.A. Mason LLC acquired a new position in shares of UGI during the 4th quarter valued at $27,000. Flagship Wealth Advisors LLC acquired a new position in shares of UGI during the 4th quarter valued at $30,000. Golden State Wealth Management LLC acquired a new position in shares of UGI during the 4th quarter valued at $36,000. Vision Financial Markets LLC acquired a new position in shares of UGI during the 4th quarter valued at $36,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of UGI during the 4th quarter valued at $37,000. 82.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Jefferies Financial Group assumed coverage on UGI in a report on Friday, November 22nd. They issued a “buy” rating and a $28.00 target price on the stock.

Insider Activity

In other news, insider Michael Sharp acquired 4,806 shares of UGI stock in a transaction that occurred on Thursday, February 27th. The stock was purchased at an average price of $33.30 per share, with a total value of $160,039.80. Following the completion of the transaction, the insider now owns 4,806 shares in the company, valued at approximately $160,039.80. This trade represents a ? increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.73% of the stock is currently owned by corporate insiders.

UGI Stock Performance

Shares of NYSE UGI opened at $33.63 on Friday. The company has a quick ratio of 0.82, a current ratio of 1.00 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $7.22 billion, a price-to-earnings ratio of 13.24, a PEG ratio of 2.26 and a beta of 1.17. The stock’s fifty day simple moving average is $31.82 and its 200 day simple moving average is $27.91. UGI Co. has a 52-week low of $22.01 and a 52-week high of $34.49.

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

UGI Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.375 per share. The ex-dividend date is Monday, March 17th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.46%. UGI’s dividend payout ratio is 59.06%.

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.