UGI Corp (UGI) Shares Sold by Creative Planning
Creative Planning decreased its holdings in UGI Corp (NYSE:UGI) by 28.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,849 shares of the utilities provider’s stock after selling 3,982 shares during the quarter. Creative Planning’s holdings in UGI were worth $462,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Kistler Tiffany Companies LLC raised its position in UGI by 41.6% in the fourth quarter. Kistler Tiffany Companies LLC now owns 4,224 shares of the utilities provider’s stock worth $198,000 after acquiring an additional 1,242 shares in the last quarter. Acropolis Investment Management LLC purchased a new position in UGI in the fourth quarter worth $248,000. Moneta Group Investment Advisors LLC purchased a new position in UGI in the third quarter worth $323,000. FDx Advisors Inc. purchased a new position in UGI in the third quarter worth $547,000. Finally, Xact Kapitalforvaltning AB raised its position in UGI by 10.0% in the third quarter. Xact Kapitalforvaltning AB now owns 14,719 shares of the utilities provider’s stock worth $690,000 after acquiring an additional 1,336 shares in the last quarter. Hedge funds and other institutional investors own 77.29% of the company’s stock.
A number of research analysts have recently weighed in on UGI shares. Barclays restated a “sell” rating and issued a $47.00 price target on shares of UGI in a research report on Friday. Zacks Investment Research upgraded UGI from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research report on Friday, December 22nd.
UGI (NYSE:UGI) last announced its quarterly earnings results on Wednesday, November 8th. The utilities provider reported ($0.02) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.02). UGI had a return on equity of 11.06% and a net margin of 8.71%. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.09 billion. sell-side analysts forecast that UGI Corp will post 2.55 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Sunday, April 1st. Stockholders of record on Thursday, March 15th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date is Wednesday, March 14th. UGI’s dividend payout ratio is currently 30.96%.
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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