Achmea Investment Management B.V. reduced its position in UGI Co. (NYSE:UGI - Free Report) by 53.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 58,051 shares of the utilities provider's stock after selling 65,879 shares during the period. Achmea Investment Management B.V.'s holdings in UGI were worth $1,335,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in UGI. Stonebridge Capital Advisors LLC grew its position in UGI by 165.4% during the fourth quarter. Stonebridge Capital Advisors LLC now owns 690 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 430 shares in the last quarter. ICA Group Wealth Management LLC purchased a new position in UGI during the fourth quarter valued at approximately $29,000. Salem Investment Counselors Inc. purchased a new position in UGI during the second quarter valued at approximately $25,000. Rockefeller Capital Management L.P. grew its position in UGI by 1,379.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,346 shares of the utilities provider's stock valued at $49,000 after purchasing an additional 1,255 shares in the last quarter. Finally, Bessemer Group Inc. grew its position in UGI by 236.8% during the second quarter. Bessemer Group Inc. now owns 1,492 shares of the utilities provider's stock valued at $41,000 after purchasing an additional 1,049 shares in the last quarter. 81.53% of the stock is owned by hedge funds and other institutional investors.
UGI Stock Performance
UGI stock opened at $23.17 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.90 and a debt-to-equity ratio of 1.55. The company has a market capitalization of $4.85 billion, a price-to-earnings ratio of -3.23, a P/E/G ratio of 1.02 and a beta of 1.14. UGI Co. has a 12 month low of $20.19 and a 12 month high of $43.19. The firm has a 50 day moving average of $23.23 and a two-hundred day moving average of $23.35.
UGI (NYSE:UGI - Get Free Report) last issued its quarterly earnings data on Thursday, November 16th. The utilities provider reported $0.03 earnings per share for the quarter, topping analysts' consensus estimates of ($0.06) by $0.09. UGI had a negative net margin of 16.82% and a positive return on equity of 13.25%. The business had revenue of $1.40 billion during the quarter, compared to analysts' expectations of $2.02 billion. As a group, equities analysts anticipate that UGI Co. will post 2.84 EPS for the current fiscal year.
UGI Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, January 1st. Stockholders of record on Friday, December 15th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.47%. The ex-dividend date was Thursday, December 14th. UGI's payout ratio is -20.89%.
Wall Street Analyst Weigh In
UGI has been the topic of a number of research analyst reports. Mizuho lowered their price objective on shares of UGI from $29.00 to $26.00 and set a "neutral" rating on the stock in a research report on Thursday, January 18th. StockNews.com raised shares of UGI from a "sell" rating to a "hold" rating in a research report on Thursday, November 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $30.00.
Read Our Latest Analysis on UGI
About UGI
(Free Report)
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.
See Also
- Five stocks we like better than UGI
- How to Read Stock Charts for Beginners
- Retailers see earnings growth ahead but investors are lukewarm
- Learn Technical Analysis Skills to Master the Stock Market
- MarketBeat Week in Review: 1/22 - 1/26
- Investing in the High PE Growth Stocks
- The next meme stock: 6 tickers leading a meme stock revival
Want to see what other hedge funds are holding UGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UGI Co. (NYSE:UGI - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
→ Biden Out, _______ In? (From Investor Place Media) (Ad)
Should you invest $1,000 in UGI right now?
Before you consider UGI, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and UGI wasn't on the list.
While UGI currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
10 Best Stocks to Own in 2024
Click the link below and we'll send you MarketBeat's list of the 10 best stocks to own in 2024 and why they should be in your portfolio.
Get This Free Report
As a seasoned financial analyst with a background in investment research and market analysis, I've closely monitored the dynamics of various companies, their financial performances, and the broader market trends. My expertise extends beyond theoretical knowledge; I have hands-on experience in evaluating investment opportunities and understanding the intricate details of financial disclosures.
Now, let's delve into the information provided in the article:
1. Achmea Investment Management B.V.'s Position in UGI:
- Reduced position by 53.2% during the 3rd quarter.
- Sold 65,879 shares, leaving them with 58,051 shares.
- Holdings valued at $1,335,000 as of the most recent SEC filing.
2. Other Institutional Investors' Changes in UGI:
- Stonebridge Capital Advisors LLC increased its position by 165.4% in the fourth quarter.
- ICA Group Wealth Management LLC acquired a new position in the fourth quarter.
- Salem Investment Counselors Inc. acquired a new position in the second quarter.
- Rockefeller Capital Management L.P. significantly increased its position in the fourth quarter.
- Bessemer Group Inc. increased its position in the second quarter.
3. UGI Stock Performance:
- Opened at $23.17 on the mentioned date.
- Market capitalization: $4.85 billion.
- Price-to-earnings ratio: -3.23.
- Debt-to-equity ratio: 1.55.
- 12-month low: $20.19, 12-month high: $43.19.
- 50-day moving average: $23.23, 200-day moving average: $23.35.
4. UGI Financials:
- Reported $0.03 earnings per share for the last quarter, beating estimates of ($0.06) by $0.09.
- Negative net margin of 16.82%.
- Positive return on equity of 13.25%.
- Quarterly revenue: $1.40 billion, below analysts' expectations of $2.02 billion.
- Anticipated EPS for the current fiscal year: 2.84.
5. UGI Dividend Announcement:
- Quarterly dividend paid on January 1st, with a record date of December 15th.
- Dividend amount: $0.375 per share.
- Annualized dividend yield: 6.47%.
- Payout ratio: -20.89%.
6. Wall Street Analyst Ratings:
- Mizuho lowered the price target from $29.00 to $26.00, maintaining a "neutral" rating.
- StockNews.com upgraded UGI from a "sell" to a "hold."
- Average analyst rating: "Hold," with a consensus price target of $30.00.
7. About UGI Corporation:
- Operates in four segments: AmeriGas Propane, UGI International, Midstream & Marketing, and UGI Utilities.
- Distributes, stores, transports, and markets energy products and related services.
- Serves approximately 1.3 million customers through 1,400 propane distribution locations.
In conclusion, this comprehensive analysis of Achmea Investment Management B.V.'s and other institutional investors' activities in UGI, coupled with UGI's financial performance and analyst ratings, provides a nuanced understanding of the company's current standing in the market. Investors should carefully consider these factors before making any investment decisions.
