Candriam Luxembourg S.C.A. lessened its stake in shares of UGI Corp (NYSE:UGI) by 27.8% in the 4th quarter, HoldingsChannel reports. The fund owned 62,861 shares of the utilities provider’s stock after selling 24,205 shares during the period. Candriam Luxembourg S.C.A.’s holdings in UGI were worth $3,353,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of UGI by 1.3% during the third quarter. Vanguard Group Inc. now owns 17,941,400 shares of the utilities provider’s stock valued at $995,389,000 after acquiring an additional 232,308 shares in the last quarter. Vanguard Group Inc raised its stake in shares of UGI by 1.3% during the third quarter. Vanguard Group Inc now owns 17,941,400 shares of the utilities provider’s stock valued at $995,389,000 after acquiring an additional 232,308 shares in the last quarter. BlackRock Inc. raised its stake in shares of UGI by 1.8% during the fourth quarter. BlackRock Inc. now owns 17,414,409 shares of the utilities provider’s stock valued at $929,060,000 after acquiring an additional 304,579 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of UGI by 5,235.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,630,734 shares of the utilities provider’s stock valued at $68,000 after acquiring an additional 3,562,679 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of UGI by 8.8% during the third quarter. Renaissance Technologies LLC now owns 2,420,650 shares of the utilities provider’s stock valued at $134,298,000 after acquiring an additional 196,000 shares in the last quarter. 79.63% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts recently issued reports on UGI shares. ValuEngine raised shares of UGI from a “hold” rating to a “buy” rating in a report on Friday, December 7th. UBS Group lowered shares of UGI from a “buy” rating to a “neutral” rating and set a $63.00 price objective on the stock. in a report on Thursday, December 13th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $54.33.
UGI (NYSE:UGI) last issued its quarterly earnings data on Tuesday, February 5th. The utilities provider reported $0.81 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.31). The business had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.21 billion. UGI had a net margin of 7.10% and a return on equity of 11.30%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.01 earnings per share. Sell-side analysts anticipate that UGI Corp will post 2.74 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 15th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.87%. The ex-dividend date is Thursday, March 14th. UGI’s payout ratio is 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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