State Treasurer State of Michigan Sells 3,000 Shares of UGI Corp (UGI)
State Treasurer State of Michigan lessened its position in shares of UGI Corp (NYSE:UGI) by 4.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,200 shares of the utilities provider’s stock after selling 3,000 shares during the quarter. State Treasurer State of Michigan’s holdings in UGI were worth $2,920,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Cerebellum GP LLC acquired a new stake in shares of UGI during the 4th quarter worth approximately $123,000. Kistler Tiffany Companies LLC grew its holdings in shares of UGI by 41.6% during the 4th quarter. Kistler Tiffany Companies LLC now owns 4,224 shares of the utilities provider’s stock worth $198,000 after purchasing an additional 1,242 shares in the last quarter. Acropolis Investment Management LLC acquired a new stake in shares of UGI during the 4th quarter worth approximately $248,000. Quantitative Systematic Strategies LLC acquired a new stake in UGI in the 4th quarter valued at $311,000. Finally, Moneta Group Investment Advisors LLC acquired a new stake in UGI in the 3rd quarter valued at $323,000. 77.71% of the stock is currently owned by institutional investors.
Shares of UGI Corp (NYSE UGI) opened at $44.01 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.98 and a quick ratio of 0.84. The company has a market capitalization of $7,360.00, a price-to-earnings ratio of 13.63 and a beta of 0.58. UGI Corp has a one year low of $42.51 and a one year high of $52.00.
The business also recently declared a quarterly dividend, which will be paid on Sunday, April 1st. Investors of record on Thursday, March 15th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.27%. The ex-dividend date is Wednesday, March 14th. UGI’s dividend payout ratio is 30.96%.
In related news, insider Roger Perreault purchased 2,270 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were acquired at an average price of $43.97 per share, with a total value of $99,811.90. Following the purchase, the insider now directly owns 21,049 shares in the company, valued at $925,524.53. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.36% of the stock is owned by insiders.
Several analysts recently commented on UGI shares. Barclays reaffirmed a “sell” rating and issued a $48.00 price target on shares of UGI in a research note on Thursday, October 19th. Zacks Investment Research raised UGI from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st.
UGI Corporation is a holding company. The Company distributes, stores, transports and markets energy products and related services. It operates through six segments. The AmeriGas Propane segment consists of the propane distribution business of AmeriGas Partners, L.P. The UGI France segment consists of the French LPG distribution business of its subsidiaries, Antargaz, Finagaz and its liquefied petroleum gases (LPG) distribution businesses.
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