SG Americas Securities LLC trimmed its holdings in UGI Co. (NYSE:UGI – Get Rating) by 94.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,248 shares of the utilities provider's stock after selling 90,655 shares during the period. SG Americas Securities LLC's holdings in UGI were worth $170,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Versor Investments LP bought a new position in shares of UGI during the third quarter worth approximately $366,000. Banque Cantonale Vaudoise increased its stake in shares of UGI by 140.5% during the second quarter. Banque Cantonale Vaudoise now owns 8,900 shares of the utilities provider's stock worth $343,000 after purchasing an additional 5,200 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in shares of UGI during the second quarter worth approximately $246,000. US Bancorp DE increased its stake in shares of UGI by 7.1% during the third quarter. US Bancorp DE now owns 16,808 shares of the utilities provider's stock worth $542,000 after purchasing an additional 1,113 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in shares of UGI by 27.3% during the second quarter. Russell Investments Group Ltd. now owns 1,262,849 shares of the utilities provider's stock worth $48,762,000 after purchasing an additional 270,678 shares during the period. Institutional investors own 80.93% of the company's stock.
Get UGI alerts:UGI Trading Down 1.5 %
Shares of UGI opened at $41.98 on Friday. UGI Co. has a 52-week low of $31.19 and a 52-week high of $44.54. The business's fifty day moving average is $38.84 and its 200-day moving average is $38.03. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.28 and a current ratio of 1.56. The firm has a market cap of $8.80 billion, a price-to-earnings ratio of 47.70, a PEG ratio of 1.70 and a beta of 1.07.
UGI (NYSE:UGI – Get Rating) last released its quarterly earnings data on Thursday, February 2nd. The utilities provider reported $1.14 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter last year, the business posted $0.93 EPS. UGI's revenue for the quarter was up 3.2% on a year-over-year basis. Equities analysts anticipate that UGI Co. will post 2.97 EPS for the current fiscal year.UGI Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, April 1st. Investors 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 dividend yield of 3.43%. The ex-dividend date of this dividend is Tuesday, March 14th. UGI's dividend payout ratio (DPR) is 163.64%.
Wall Street Analyst Weigh In
UGI has been the topic of a number of recent research reports. Bank of America lowered UGI from a "neutral" rating to an "underperform" rating and lowered their price objective for the stock from $43.00 to $41.00 in a research note on Wednesday, November 23rd. Barclays raised their price objective on UGI from $39.00 to $40.00 and gave the stock an "underweight" rating in a research note on Thursday. TheStreet upgraded UGI from a "c+" rating to a "b-" rating in a research note on Thursday, December 22nd. Wells Fargo & Company raised their price objective on UGI from $41.00 to $42.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 10th. Finally, StockNews.com started coverage on UGI in a research note on Wednesday, October 12th. They set a "hold" rating on the stock. Two investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target 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.
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