Vontobel Holding Ltd. Lowers Position in UGI Co. (NYSE:UGI)

Defense World · Feb 3, 2023 19:51

Vontobel Holding Ltd. lessened its position in UGI Co. (NYSE:UGI – Get Rating) by 18.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,773 shares of the utilities provider's stock after selling 1,934 shares during the quarter. Vontobel Holding Ltd.'s holdings in UGI were worth $289,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. US Bancorp DE raised its stake in UGI by 35.2% during the first quarter. US Bancorp DE now owns 16,028 shares of the utilities provider's stock valued at $580,000 after buying an additional 4,176 shares during the last quarter. Cetera Advisor Networks LLC raised its stake in UGI by 13.8% during the first quarter. Cetera Advisor Networks LLC now owns 13,366 shares of the utilities provider's stock valued at $484,000 after buying an additional 1,618 shares during the last quarter. Bank of Montreal Can raised its stake in UGI by 7.9% during the first quarter. Bank of Montreal Can now owns 74,002 shares of the utilities provider's stock valued at $2,704,000 after buying an additional 5,396 shares during the last quarter. Panagora Asset Management Inc. raised its stake in UGI by 23.0% during the first quarter. Panagora Asset Management Inc. now owns 38,633 shares of the utilities provider's stock valued at $1,399,000 after buying an additional 7,225 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its stake in shares of UGI by 7.3% in the first quarter. Great West Life Assurance Co. Can now owns 173,055 shares of the utilities provider's stock worth $6,489,000 after purchasing an additional 11,826 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

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UGI Stock Performance

Shares of UGI opened at $42.62 on Friday. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.56 and a quick ratio of 1.28. UGI Co. has a one year low of $31.19 and a one year high of $45.16. The firm has a market capitalization of $8.94 billion, a P/E ratio of 48.43, a PEG ratio of 1.70 and a beta of 1.07. The business has a fifty day moving average of $38.77 and a 200 day moving average of $37.99.

UGI (NYSE:UGI – Get Rating) last issued its quarterly earnings data on Wednesday, February 1st. The utilities provider reported $1.14 EPS for the quarter, topping the consensus estimate of $1.06 by $0.08. UGI had a return on equity of 11.31% and a net margin of 2.12%. The company had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.81 billion. During the same quarter in the previous year, the company posted $0.93 earnings per share. UGI's revenue was up 3.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that UGI Co. will post 2.97 EPS for the current year.

UGI Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, April 1st. Shareholders of record on Wednesday, March 15th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 3.38%. The ex-dividend date is Tuesday, March 14th. UGI's dividend payout ratio is presently 163.64%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Wells Fargo & Company boosted their price target on UGI from $41.00 to $42.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 10th. TheStreet upgraded UGI from a "c+" rating to a "b-" rating in a research note on Thursday, December 22nd. Barclays boosted their price target on UGI from $39.00 to $40.00 and gave the stock an "underweight" rating in a research note on Thursday. Bank of America cut UGI from a "neutral" rating to an "underperform" rating and decreased their price target for the stock from $43.00 to $41.00 in a research note on Wednesday, November 23rd. Finally, StockNews.com assumed coverage on UGI in a research note on Wednesday, October 12th. They issued a "hold" rating for the company. Two analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $41.00.

About UGI

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UGI Corp. is a holding company, which engages in the distribution and marketing of energy products and services. It operates through the following segments: AmeriGas Propane, UGI International, Midstream and Marketing, and Utilities. The AmeriGas Propane segment consists of the propane distribution business of AmeriGas Partners, L.P.

Vontobel Holding Ltd. Lowers Position in UGI Co. (NYSE:UGI)

UGI Stock Performance

UGI Dividend Announcement

Analysts Set New Price Targets

About UGI

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