Nomura Asset Management Co. Ltd. raised its position in shares of UGI Corp (NYSE:UGI) by 8.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 28,133 shares of the utilities provider’s stock after purchasing an additional 2,300 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in UGI were worth $1,501,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. grew its position in UGI by 25.5% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 164,612 shares of the utilities provider’s stock worth $9,136,000 after purchasing an additional 33,398 shares during the last quarter. Private Advisor Group LLC grew its position in UGI by 172.3% in the 3rd quarter. Private Advisor Group LLC now owns 13,201 shares of the utilities provider’s stock worth $732,000 after purchasing an additional 8,353 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in UGI by 30.1% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 14,400 shares of the utilities provider’s stock worth $799,000 after purchasing an additional 3,332 shares during the last quarter. LSV Asset Management bought a new position in UGI in the 3rd quarter worth about $1,538,000. Finally, SG Americas Securities LLC grew its position in UGI by 184.5% in the 3rd quarter. SG Americas Securities LLC now owns 98,569 shares of the utilities provider’s stock worth $5,469,000 after purchasing an additional 63,921 shares during the last quarter. 80.10% of the stock is owned by institutional investors and hedge funds.
Several research analysts have commented on the stock. ValuEngine upgraded shares of UGI from a “hold” rating to a “buy” rating in a research report on Friday, December 7th. UBS Group cut shares of UGI from a “buy” rating to a “neutral” rating and set a $63.00 target price for the company. in a research report on Thursday, December 13th. They noted that the move was a valuation call. Finally, Zacks Investment Research restated a “sell” rating on shares of UGI in a research report on Saturday, November 17th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $54.33.
UGI (NYSE:UGI) last issued its quarterly earnings results on Tuesday, February 5th. The utilities provider reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.31). The company had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.21 billion. UGI had a return on equity of 11.30% and a net margin of 7.10%. The company’s revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.01 earnings per share. As a group, equities analysts expect that UGI Corp will post 2.74 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 15th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Thursday, March 14th. UGI’s dividend payout ratio is currently 37.96%.
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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 1.7 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,900 propane distribution locations; and sells, installs, and services propane appliances, including heating systems and propane-powered generators.
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