Jones Financial Companies Lllp Buys 858 Shares of UGI Co. (NYSE:UGI)

Jones Financial Companies Lllp raised its stake in shares of UGI Co. (NYSE:UGI) by 45.8% in the 4th quarter, HoldingsChannel reports. The firm owned 2,732 shares of the utilities provider’s stock after purchasing an additional 858 shares during the period. Jones Financial Companies Lllp’s holdings in UGI were worth $77,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. S.A. Mason LLC bought a new stake in UGI during the fourth quarter valued at approximately $27,000. Golden State Wealth Management LLC bought a new stake in UGI during the fourth quarter valued at approximately $36,000. UMB Bank n.a. lifted its position in UGI by 67.1% during the fourth quarter. UMB Bank n.a. now owns 1,345 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 540 shares during the last quarter. McClarren Financial Advisors Inc. bought a new stake in UGI during the fourth quarter valued at approximately $48,000. Finally, SRS Capital Advisors Inc. lifted its position in UGI by 130.7% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,836 shares of the utilities provider’s stock valued at $52,000 after purchasing an additional 1,040 shares during the last quarter. 82.34% of the stock is currently owned by institutional investors.

UGI Trading Up 3.6 %

UGI stock opened at $33.14 on Monday. The company has a market capitalization of $7.12 billion, a PE ratio of 13.05, a price-to-earnings-growth ratio of 2.26 and a beta of 1.17. UGI Co. has a one year low of $22.01 and a one year high of $34.49. The company’s 50 day moving average price is $31.43 and its two-hundred day moving average price is $27.72. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.82 and a current ratio of 1.00.

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

UGI Announces Dividend

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

Insider Buying and Selling

In other news, insider Michael Sharp bought 4,806 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were bought at an average cost of $33.30 per share, with a total value of $160,039.80. Following the completion of the purchase, the insider now directly owns 4,806 shares in the company, valued at $160,039.80. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. 0.73% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group assumed coverage on shares of UGI in a research report on Friday, November 22nd. They set a “buy” rating and a $28.00 target price for the company.

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.