FTB Advisors Inc. increased its holdings in shares of UGI Co. (NYSE:UGI) by 14.7% in the first quarter, HoldingsChannel.com reports. The firm owned 61,533 shares of the utilities provider’s stock after acquiring an additional 7,889 shares during the period. FTB Advisors Inc.’s holdings in UGI were worth $2,747,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Wells Fargo & Company MN boosted its position in UGI by 17.4% during the 1st quarter. Wells Fargo & Company MN now owns 1,141,496 shares of the utilities provider’s stock worth $50,704,000 after purchasing an additional 169,320 shares during the period. Diamond Hill Capital Management Inc. boosted its position in UGI by 14.7% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 2,389,565 shares of the utilities provider’s stock worth $106,144,000 after purchasing an additional 307,086 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in UGI by 25.4% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 11,737 shares of the utilities provider’s stock worth $551,000 after purchasing an additional 2,380 shares during the period. Xact Kapitalforvaltning AB boosted its position in UGI by 14.1% during the 4th quarter. Xact Kapitalforvaltning AB now owns 16,791 shares of the utilities provider’s stock worth $788,000 after purchasing an additional 2,072 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in UGI by 19.0% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 85,223 shares of the utilities provider’s stock worth $4,001,000 after purchasing an additional 13,605 shares during the period. 78.27% of the stock is owned by hedge funds and other institutional investors.

NYSE:UGI opened at $48.66 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.98 and a quick ratio of 0.85. The stock has a market capitalization of $8,349.67, a price-to-earnings ratio of 21.25, a PEG ratio of 2.29 and a beta of 0.54. UGI Co. has a 1-year low of $42.51 and a 1-year high of $52.00.

UGI (NYSE:UGI) last posted its quarterly earnings data on Wednesday, May 2nd. The utilities provider reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.14. The company had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.43 billion. UGI had a net margin of 8.71% and a return on equity of 10.88%. The firm’s revenue for the quarter was up 29.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.31 EPS. sell-side analysts expect that UGI Co. will post 2.64 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, July 1st. Shareholders of record on Friday, June 15th will be given a $0.26 dividend. This is a boost from UGI’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend is Thursday, June 14th. UGI’s dividend payout ratio is presently 43.67%.

In other news, CEO John L. Walsh sold 25,000 shares of the stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $43.84, for a total transaction of $1,096,000.00. Following the transaction, the chief executive officer now owns 468,166 shares of the company’s stock, valued at $20,524,397.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Roger Perreault purchased 2,270 shares of UGI stock in a transaction dated Wednesday, February 7th. The shares were bought at an average cost of $43.97 per share, for a total transaction of $99,811.90. Following the transaction, the insider now directly owns 21,049 shares of the company’s stock, valued at approximately $925,524.53. The disclosure for this purchase can be found here. Corporate insiders own 2.36% of the company’s stock.

UGI has been the subject of a number of research reports. Bank of America reaffirmed a “buy” rating on shares of UGI in a research report on Tuesday, February 27th. Zacks Investment Research raised shares of UGI from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research report on Thursday, January 25th. Barclays reaffirmed a “sell” rating and set a $47.00 price target on shares of UGI in a research report on Friday, February 2nd. Citigroup decreased their price target on shares of UGI from $49.00 to $48.00 and set a “neutral” rating for the company in a research report on Tuesday, March 27th. Finally, UBS raised shares of UGI from a “neutral” rating to a “buy” rating in a research report on Friday, April 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. UGI currently has a consensus rating of “Hold” and a consensus target price of $47.50.

UGI Company Profile

UGI Corporation distributes, stores, transports, and markets energy products and related services in the United States and internationally. It distributes propane to approximately 1.9 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers in 50 states through 1,900 propane distribution locations; and sells, installs, and services propane appliances, including heating systems.

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